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potential of being overlapped. In addition, AFSI is not a regulator so that any fi rm, be it registered or not to the Qualitative
regulators, may register for AFSI ’ s membership. evidence from
Further, the keywords of “ Islam ”, “ Shar ī ’ ah ” or “ Syariah ” were then used and typed within the database of Indonesia
OJK to identify the Islamic fi ntech P2P lending. By doing so, the number of 4 Islamic fi ntech fi rms was identi fi ed.
Further, the of fi cial websites of each fi rm as informed in the database was then visited. From doing that, an
additional number of 7 Islamic fi ntech fi rms were further recognised. In the list, their business was reported
conventional, yet they were found to offer fi nancial services with Islamic contracts after their of fi cial websites 359
visited. The business fi nancing can be categorised into three sectors; agriculture, SMEs and education. Table II informs
the total number of 11 Islamic fi ntech which have been identi fi ed.

For the purpose of the analysis, this paper engaged a purposive sampling method which
Sekaran (2003) and Creswell (2012) elaborated; that a researcher may decide several sites or individuals or
groups as they advantageously place the best position to provide the information required. On this basis, this
work reviewed further each respective website of the fi rms and decided the fi rms should inform the following
details:
recent projects along with fi nancial information; Islamic
contracts being adopted;
the latest management organisation; and feedback
from the stakeholders.
The reason for requiring the above information was to simplify the search and the discussion. Subsequently,
this paper then purposefully selected seven fi rms as the sample for in-depth review. Those fi rms included the
following:
(1) Danasyariah;
(2) Investree;
(3) Ammana;
(4) Kapitalboost;
(5) Crowde;
(6) TaniFund; and
(7) iGrow.
Meanwhile, Danakoo, Vestia, DanaBagus and DANAdidik were omitted due to the informational disclosure
factor.

3.3 Findings
The process of reviewing the sampled fi rms was begun by searching the information about the Islamic contracts
being applied. This was done to con fi rm further that the sample has met the established de fi nition of Islamic fi ntech
as proposed in the previous section.
Following the above, the recent fi nancial information of the fi rms was comprehensively investigated to
understand their business activities. Further, to get closer to the fi rms ’
managerial team, the recent report of the management organisation was investigated. Finally, the information
from the related stakeholders, for example, the testimonials from customers, was also studied. The purpose of so
doing was to gain authentic evidence which may indicate the fi rms promoting the SDGs. Table III shows the fi ndings.