KEPATUHAN BANK SYARIAH TERHADAP FATWA DSN – MUI DAN REGULASI OJK

Abstract

This article discusses the dynamics of Islamic banks' compliance in Indonesia with the fatwas of the National Sharia Council-Indonesian Ulema Council (DSN-MUI) and the regulations of the Financial Services Authority (OJK) within the framework of dual compliance. The main focus is on how the synergy between sharia guidelines and national regulations can maintain the integrity, stability, and trust of the Islamic financial industry. The challenges faced are also highlighted, such as regulatory inconsistencies, product mismatches, and supervisory constraints that affect bank operations and public trust. Regulation POJK No. 15/2021 is also introduced as an effort to strengthen the role of Islamic banking through financing portfolio provisions and support for SMEs, as well as administrative sanction mechanisms. The role of the Sharia Supervisory Board as a mediator in aligning fatwa interpretations and regulations is also highlighted, with its effectiveness depending on the qualifications and independence of its members. Overall, the article emphasizes the importance of harmonization and collaboration between the DSN-MUI and OJK to support the sustainability, innovation, and stability of Islamic banking in Indonesia.