Inovasi Reksa Dana Syariah di Indonesia dalam Perspektif Fatwa DSN MUI dan Regulasi OJK

Abstract

This study discusses innovations in Islamic mutual funds in Indonesia from the perspective of the Fatwa 
of the National Sharia Council-Indonesian Ulema Council (DSN-MUI) and regulations from the 
Financial Services Authority (OJK). Innovations in this sector are developing rapidly in line with 
advances in digital technology, increasing public awareness of halal investment, and government policy 
support in strengthening the Islamic financial ecosystem. Digital transformation through platforms such 
as Bareksa Syariah, Bibit Syariah, and Ajaib Syariah has encouraged increased access, efficiency, and 
transparency for investors, especially the younger generation. The DSN-MUI fatwa provides the legal 
basis for the use of wakalah and mudharabah contracts in fund management, while the OJK plays a role 
in ensuring investor protection, market transparency, and financial system stability. The synergy 
between DSN-MUI and OJK ensures that every innovation adheres to sharia principles and avoids 
elements of riba, gharar, and maysir. The results of the study show that digital innovation in sharia 
mutual funds not only increases sharia compliance but also expands financial inclusion, strengthens 
investor confidence, and contributes to fair, sustainable, and community-oriented national economic 
development