Asymmetric Information in the Determination of Risk in Islamic Peer-to-Peer Lending: A Fiqh Muamalat Perspective

This research aims to analyze the impact of asymmetric information in risk determination within Peer to Peer (P2P) lending syariah from the perspective of fiqh muamalah. The research employs Normative Legal Research by analyzing Islamic legal principles and relevant laws to understand how fiqh muamalah addresses asymmetric information in P2P lending risk determination. The study finds that asymmetric information in P2P lending poses significant risks, such as adverse selection and moral hazard, which are contrary to Islamic financial principles. Fiqh muamalah emphasizes transparency and fairness in transactions, offering solutions through mechanisms like enhanced disclosure and Shariah-compliant contracts to mitigate these risks. By fostering transparency and ethical financial practices, this research contributes to the stability and growth of the Islamic financial sector, promoting sustainable economic development. The implementation of these measures is expected to enhance Sharia financial inclusion and strengthen the Islamic economic ecosystem in Indonesia.