Strategies to Minimize Illegal Digital Lending Practices During The Pandemic Through Islamic Financial Literacy

AbstractPurpose – Financial technology lending or digital services arguably has the potentials to play an important role in economic recovery during pandemic time. However, a number of irresponsible people have illegally exploited service for their selfish gain. This resulted many whose rights been jeopardized by services. study seeks find out which three aspects, namely literacy, regulation, and implementation, serves as root problem widespread practices illegal among Indonesians. In addition, investigated whether Islamic financial literacy solution aspect can serve right strategy minimize lending.Methodology - The Analytical Hierarchy Proces (AHP) was used explore expert judgment regulators, practitioners, academicians on lending. Moreover, experts’ agreement were calculated using Kendall’s Coeficient Concordance.Findings found that most significant dimension, reaching perfect agreement. regulation be solution, moderate Based respondents’ agreement, finance indicator dimension more recommended than effective amids pandemic. Still,the OJK authoritative regulator needs closely strictly monitor pratices technology. Keywords: : technology, Digital lending, Sharia