{"id":"https://openalex.org/W4281626236","doi":"https://doi.org/10.1108/jfc-05-2022-0099","title":"The urgency of sharia compliance regulations for Islamic Fintechs: a comparative study of Indonesia, Malaysia and the United Kingdom","display_name":"The urgency of sharia compliance regulations for Islamic Fintechs: a comparative study of Indonesia, Malaysia and the United Kingdom","publication_year":2022,"publication_date":"2022-06-03","ids":{"openalex":"https://openalex.org/W4281626236","doi":"https://doi.org/10.1108/jfc-05-2022-0099"},"language":"en","primary_location":{"id":"doi:10.1108/jfc-05-2022-0099","doi":"https://doi.org/10.1108/jfc-05-2022-0099","is_oa":false,"landing_page_url":"https://doi.org/10.1108/jfc-05-2022-0099","pdf_url":null,"source":{"id":"https://openalex.org/S180105601","display_name":"Journal of Financial Crime","issn_l":"1359-0790","issn":["1359-0790","1758-7239"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-b","anvur-scientific","cwts-core","jufo-1","norway-1","poland-40","russia-white-list-2","vabb-shw"],"host_organization":"https://openalex.org/P4310319811","host_organization_name":"Emerald Publishing Limited","host_organization_lineage":["https://openalex.org/P4310319811"],"host_organization_lineage_names":["Emerald Publishing Limited"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of Financial Crime","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5036486946","display_name":"Yudho Taruno Muryanto","orcid":"https://orcid.org/0000-0001-6944-4687","observed_orcids":["https://orcid.org/0000-0001-6944-4687"]},"institutions":[{"id":"https://openalex.org/I119896790","display_name":"Sebelas Maret University","ror":"https://ror.org/021hq5q33","country_code":"ID","type":"education","lineage":["https://openalex.org/I119896790"]}],"countries":["ID"],"is_corresponding":true,"raw_author_name":"Yudho Taruno Muryanto","raw_affiliation_strings":["Universitas Sebelas Maret Faculty of Law, , Surakarta,","Faculty of Law, Universitas Sebelas Maret, Surakarta, Indonesia"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Universitas Sebelas Maret Faculty of Law, , Surakarta,","institution_ids":["https://openalex.org/I119896790"]},{"raw_affiliation_string":"Faculty of Law, Universitas Sebelas Maret, Surakarta, Indonesia","institution_ids":["https://openalex.org/I119896790"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":["https://openalex.org/A5036486946"],"corresponding_institution_ids":["https://openalex.org/I119896790"],"apc_list":null,"apc_paid":null,"fwci":22.6642,"has_fulltext":false,"cited_by_count":63,"citation_normalized_percentile":{"value":0.99626259,"is_in_top_1_percent":true,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":93,"max":100},"biblio":{"volume":"30","issue":"5","first_page":"1264","last_page":"1278"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T11365","display_name":"Islamic Finance and Banking Studies","score":0.9901999831199646,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T11365","display_name":"Islamic Finance and Banking Studies","score":0.9901999831199646,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11995","display_name":"FinTech, Crowdfunding, Digital Finance","score":0.009100000374019146,"subfield":{"id":"https://openalex.org/subfields/1404","display_name":"Management Information Systems"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T14281","display_name":"Islamic Finance and Communication","score":9.999999747378752e-05,"subfield":{"id":"https://openalex.org/subfields/3312","display_name":"Sociology and Political Science"},"field":{"id":"https://openalex.org/fields/33","display_name":"Social Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/islamic-fintech","display_name":"Islamic fintech","score":0.8880000114440918},{"id":"https://openalex.org/keywords/sharia-compliance","display_name":"sharia compliance","score":0.8870000243186951},{"id":"https://openalex.org/keywords/islamic-finance-regulation","display_name":"Islamic finance regulation","score":0.8880000114440918},{"id":"https://openalex.org/keywords/financial-supervision","display_name":"financial supervision","score":0.7710000276565552},{"id":"https://openalex.org/keywords/sharia-supervisory-board","display_name":"Sharia Supervisory Board","score":0.9259999990463257},{"id":"https://openalex.org/keywords/shariah-governance","display_name":"Shariah governance","score":0.8740000128746033},{"id":"https://openalex.org/keywords/regulatory-framework","display_name":"regulatory framework","score":0.3970000147819519},{"id":"https://openalex.org/keywords/indonesia","display_name":"Indonesia","score":0.8809999823570251},{"id":"https://openalex.org/keywords/malaysia","display_name":"Malaysia","score":1.0},{"id":"https://openalex.org/keywords/united-kingdom","display_name":"United Kingdom","score":0.8790000081062317}],"concepts":[{"id":"https://openalex.org/C168702047","wikidata":"https://www.wikidata.org/wiki/Q482752","display_name":"Sharia","level":3,"score":0.8618974685668945},{"id":"https://openalex.org/C4445939","wikidata":"https://www.wikidata.org/wiki/Q432","display_name":"Islam","level":2,"score":0.7443508505821228},{"id":"https://openalex.org/C121955636","wikidata":"https://www.wikidata.org/wiki/Q4116214","display_name":"Accounting","level":1,"score":0.6410906314849854},{"id":"https://openalex.org/C2776950860","wikidata":"https://www.wikidata.org/wiki/Q2914681","display_name":"Originality","level":3,"score":0.6313397288322449},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.625744104385376},{"id":"https://openalex.org/C139043278","wikidata":"https://www.wikidata.org/wiki/Q837171","display_name":"Financial services","level":2,"score":0.5938742756843567},{"id":"https://openalex.org/C540431452","wikidata":"https://www.wikidata.org/wiki/Q16319025","display_name":"FinTech","level":3,"score":0.47625017166137695},{"id":"https://openalex.org/C39389867","wikidata":"https://www.wikidata.org/wiki/Q380767","display_name":"Corporate governance","level":2,"score":0.45996221899986267},{"id":"https://openalex.org/C2991718497","wikidata":"https://www.wikidata.org/wiki/Q457753","display_name":"Islamic finance","level":3,"score":0.4505477845668793},{"id":"https://openalex.org/C2781460075","wikidata":"https://www.wikidata.org/wiki/Q1399332","display_name":"Compliance (psychology)","level":2,"score":0.44740086793899536},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.26181209087371826},{"id":"https://openalex.org/C199539241","wikidata":"https://www.wikidata.org/wiki/Q7748","display_name":"Law","level":1,"score":0.2510527968406677},{"id":"https://openalex.org/C11012388","wikidata":"https://www.wikidata.org/wiki/Q170658","display_name":"Creativity","level":2,"score":0.23560819029808044},{"id":"https://openalex.org/C17744445","wikidata":"https://www.wikidata.org/wiki/Q36442","display_name":"Political science","level":0,"score":0.1785731017589569},{"id":"https://openalex.org/C77805123","wikidata":"https://www.wikidata.org/wiki/Q161272","display_name":"Social psychology","level":1,"score":0.0},{"id":"https://openalex.org/C138885662","wikidata":"https://www.wikidata.org/wiki/Q5891","display_name":"Philosophy","level":0,"score":0.0},{"id":"https://openalex.org/C15744967","wikidata":"https://www.wikidata.org/wiki/Q9418","display_name":"Psychology","level":0,"score":0.0},{"id":"https://openalex.org/C27206212","wikidata":"https://www.wikidata.org/wiki/Q34178","display_name":"Theology","level":1,"score":0.0}],"mesh":[],"locations_count":2,"locations":[{"id":"doi:10.1108/jfc-05-2022-0099","doi":"https://doi.org/10.1108/jfc-05-2022-0099","is_oa":false,"landing_page_url":"https://doi.org/10.1108/jfc-05-2022-0099","pdf_url":null,"source":{"id":"https://openalex.org/S180105601","display_name":"Journal of Financial Crime","issn_l":"1359-0790","issn":["1359-0790","1758-7239"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-b","anvur-scientific","cwts-core","jufo-1","norway-1","poland-40","russia-white-list-2","vabb-shw"],"host_organization":"https://openalex.org/P4310319811","host_organization_name":"Emerald Publishing Limited","host_organization_lineage":["https://openalex.org/P4310319811"],"host_organization_lineage_names":["Emerald Publishing Limited"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of Financial Crime","raw_type":"journal-article"},{"id":"pmh:oai:RePEc:eme:jfcpps:jfc-05-2022-0099","doi":null,"is_oa":false,"landing_page_url":"https://www.emerald.com/insight/content/doi/10.1108/JFC-05-2022-0099/full/html?utm_source=repec&utm_medium=feed&utm_campaign=repec","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"}],"best_oa_location":null,"sustainable_development_goals":[{"id":"https://metadata.un.org/sdg/16","score":0.8046000003814697,"display_name":"Peace, justice, and strong institutions"}],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":23,"referenced_works":["https://openalex.org/W1025476686","https://openalex.org/W1605021012","https://openalex.org/W2306476631","https://openalex.org/W2398719224","https://openalex.org/W2513252614","https://openalex.org/W2610736617","https://openalex.org/W2796079936","https://openalex.org/W2903172129","https://openalex.org/W2952175510","https://openalex.org/W2964872782","https://openalex.org/W2965468154","https://openalex.org/W2977168431","https://openalex.org/W3001995036","https://openalex.org/W3048169535","https://openalex.org/W3103938163","https://openalex.org/W3120351895","https://openalex.org/W3128467961","https://openalex.org/W3134269582","https://openalex.org/W3157133872","https://openalex.org/W3181923575","https://openalex.org/W3205224617","https://openalex.org/W3206265567","https://openalex.org/W4221123666"],"related_works":["https://openalex.org/W7167270569","https://openalex.org/W7165668405","https://openalex.org/W7171957168","https://openalex.org/W3184949877","https://openalex.org/W4417101945","https://openalex.org/W4378603649","https://openalex.org/W7165148576","https://openalex.org/W4387878534","https://openalex.org/W7220215910","https://openalex.org/W3114476638"],"abstract_inverted_index":{"Purpose":[0],"This":[1,31,159,186],"article":[2],"aims":[3],"to":[4,17,22,92,207,232,248],"explore":[5],"legal":[6,36],"challenges":[7,113],"regarding":[8],"the":[9,24,39,50,60,67,73,78,93,96,115,124,162,173,203,209,214,228,254,260,267],"regulation":[10,163,210],"and":[11,16,44,59,66,100,105,144,150,164,172,211,264],"supervision":[12,25,104,165,212],"of":[13,26,33,49,95,117,138,152,166,213,270],"Islamic":[14,27,80,97,118,128,139,153,167,178,196,215,229,271],"Fintech":[15,28,81,98,154,168,179],"construct":[18],"Sharia":[19,107,121,147,204,220,234,243,255,261,268],"compliance":[20,108,122,205,221,256],"regulations":[21,143,206,222],"strengthen":[23,208],"operation.":[29],"Design/methodology/approach":[30],"type":[32],"research":[34],"is":[35,52,123,133,181,188,246],"research,":[37],"adopting":[38],"statute":[40],"approach,":[41,43],"comparative":[42,55],"conceptual":[45],"approach.":[46],"The":[47,84],"focus":[48],"study":[51,160,187],"Indonesia":[53],"with":[54,57,194],"studies":[56],"Malaysia":[58],"United":[61,68,174],"Kingdom.":[62],"Findings":[63],"Malaysia,":[64,171],"Indonesia,":[65,170],"Kingdom":[69,175],"are":[70,89,109,201],"all":[71],"on":[72],"top":[74],"five":[75],"countries":[76,87,176,193],"in":[77,114,169,227,237],"Global":[79],"(GIFT)":[82],"Index.":[83],"list":[85],"comprises":[86],"that":[88,134],"most":[90],"conducive":[91],"growth":[94,236],"market":[99],"ecosystem.":[101],"However,":[102],"weak":[103],"low":[106],"still":[110],"becoming":[111],"prominent":[112],"implementation":[116],"Fintech,":[119],"while":[120],"core":[125],"principle":[126],"for":[127,192],"finance":[129,216],"regulation.":[130],"Another":[131],"finding":[132],"a":[135,146,189,225],"good":[136],"ecosystem":[137,231],"Fintechs":[140],"needs":[141],"supportive":[142],"policies,":[145],"Supervisory":[148],"Board,":[149],"standards":[151],"Shariah":[155],"governance.":[156],"Research":[157],"limitations/implications":[158],"examines":[161],"whose":[177],"industry":[180],"growing":[182],"rapidly.":[183],"Practical":[184],"implications":[185,219],"strong":[190],"reference":[191],"potential":[195],"finance,":[197],"especially":[198],"when":[199],"they":[200],"constructing":[202],"industries.":[217],"Social":[218],"can":[223],"be":[224],"subsystem":[226],"financial":[230],"encourage":[233],"economic":[235],"various":[238],"countries.":[239],"Originality/value":[240],"To":[241],"ensure":[242],"compliance,":[244],"it":[245],"recommended":[247],"take":[249],"some":[250],"steps:":[251],"(a)":[252],"creating":[253,259],"regulations;":[257],"(b)":[258],"supervisory":[262],"boards;":[263],"(c)":[265],"standardizing":[266],"governance":[269],"Fintech.":[272]},"counts_by_year":[{"year":2026,"cited_by_count":13},{"year":2025,"cited_by_count":20},{"year":2024,"cited_by_count":15},{"year":2023,"cited_by_count":13},{"year":2022,"cited_by_count":2}],"updated_date":"2026-10-30T12:39:25.321706","created_date":"2022-06-13T00:00:00"}