Legal Protection Against Lender in Fintech Peer-to-Peer Lending Sharia
Abstract
The purpose of this study is to determine the legal protection of lenders in Sharia P2PL, which is trying to offer an improved concept of legal protection at POJK No.10/ OJK.05 / 2022. The novelty of this research is the aspect of legal protection from the lender's perspective. This research method uses empirical juridical research through primary data interviews with lenders and observation of providers, including Dana Syariah, Alami Syariah, Ammana, Duha Syariah, Qazwa, Ethics, Investree Syariah, and Papitupi Syariah. The results of this study indicate that financing by lenders in Sharia peer-to-peer lending, the organizers have implemented article 100 of POJK Number 10/POJK.05/2022, including the principles of transparency, fair treatment, as well as confidentiality and security of consumer data. Several factors, such as facilities, community, and culture, support this. This indicates efforts to improve legal protection from lender perspective. However, other consumer protection principles, including the principles of reliability and complaint handling and simple, fast, affordable consumer dispute resolution, still need to be improved. Eventually, there are suggested concept that can increase legal protection for lenders in terms of the obligation to use insurance and also the use of fiduciary guarantees to further increase legal protection for lenders.
Keywords
Full Text:
PDFReferences
Agustin, Fitriyana, Ridan Muhtadi, and Sakinah Sahal. “The Importance of Implementing Environment, Social and Government (ESG) and Maqasid Sharia-Based Islamic Finance in Islamic Bank.” JISEL Journal of Islamic Economic Laws VI 6, no. 2 (2023): 2023. https://journals.ums.ac.id/index.php/jisel/index.
Al-Hamdany, Arwa, and Ahlam Fadhil Mahmood. “Fintech Innovations, Scope, Challenges, and Implications in Islamic Finance: A Systematic Analysis.” International Journal of Computing and Digital Systems 13, no. 1 (March 16, 2023): 1–15. https://doi.org/10.12785/ijcds/130147.
Alsmadi, Ayman Abdalmajeed, Amer Moh d. Al-hazimeh, Mohammad Ali Al-Afeef, Arkan Walid Al-Smadi, Firas Rifai, and Manaf Al-Okaily. “Banking Services Transformation and Financial Technology Role.” Information Sciences Letters 12, no. 1 (January 1, 2023): 315–24. https://doi.org/10.18576/isl/120126.
Apriansyah, Nizar. “Keabsahan Sertifikat Jaminan Fidusia Yang DIdaftarkan Secara Elektronik.” JIKH 12, no. 3 (2018): 227–42. https://doi.org/DOI: http://dx.doi.org/10.30641/kebijakan.2018.V12.227-241 Abstrak.
Ashta, Arvind, and Heinz Herrmann. “Artificial Intelligence and Fintech: An Overview of Opportunities and Risks for Banking, Investments, and Microfinance.” Strategic Change 30, no. 3 (May 10, 2021): 211–22. https://doi.org/10.1002/jsc.2404.
Bahar, T. Muhammad Ali, Tan Kamello, Suhaidi Suhadi, Saidin Saidin, and Rio Hilmawan Bagas Trihasworo. “Contractual Obligations in Financing with Fiduciary Security in Indonesia in the Context of Justice.” Lex Scientia Law Review 7, no. 1 (2023): 215–48. https://doi.org/10.15294/lesrev.v7i1.69318.
Budiwati, Septarina, Muhammed Junaidi, and Wisnu Tri Nugroho. “The Principle of Pacta Sunt Servanda in Fintech Transactions Is Reviewed Through The Perspective of Ushul Fiqh.” Al-Iktisab: Journal of Islamic Economic Law 4, no. 1 (May 12, 2020): 47. https://doi.org/10.21111/al-iktisab.v4i1.4350.
Fithria, Annisa. “Exploring the Application of Sharia Contracts on Islamic Fintech Peer-to-Peer Lending in Indonesia.” Al-Hikmah: International Journal of Islamic Studies and Human Sciences 5, no. 6 (2022): 31–56. https://doi.org/10.46722/hikmah.v5i6.327.
Gomber, Peter, Robert J. Kauffman, Chris Parker, and Bruce W. Weber. “On the Fintech Revolution: Interpreting the Forces of Innovation, Disruption, and Transformation in Financial Services.” Journal of Management Information Systems 35, no. 1 (2018): 220–65. https://doi.org/10.1080/07421222.2018.1440766.
Hamzah Marpaung, Devi Siti. “Legal Protection of Peer to Peer Lending Loans in Standard Agreements Based on Legal Assurance Theory.” Lambung Mangkurat Law Journal 7, no. 2 (2022): 175–83. https://doi.org/10.32801/lamlaj.v7i2.350.
Jamil, M. “Fiduciary Security Arrangements and Issues in Indonesia.” Journal of Human Rights, Culture and Legal System 1, no. 2 (2021): 109–19. https://doi.org/10.53955/jhcls.v1i2.1.
Janisriwati, Sylvia. “Responsibilities of Financial Technology Company Due To Failure to Pay By Loan Recipients.” Jambura Law Review 3, no. 2 (2021): 198–213. https://doi.org/10.33756/jlr.v3i2.11267.
Johan, Suwinto. “Implementation Fiduciary Registration According to Finance Ministry, Police, and Financial Services Authority (OJK).” The Winners 22, no. 2 (2021): 183–89. https://doi.org/10.21512/tw.v22i2.7064.
Munir Hamid, Ahmad, Syuhada, Supriyanto, and Iskandar Ritonga. “Economic Empowerment Of Ummah Through Sharia Fintech:Literature Review.” International Journal of Scientific Research and Management (IJSRM) 11, no. 11 (2023): 5289–5301. https://doi.org/10.18535/ijsrm/v11i11.em02.
Nadila Miftahul Jannah, and Sri Maharani Mardianingrum T. V. M. “Implementation of Legal Protection for Creditors for Defaulting Customers with Motorized Vehicle Ownership Book Guarantees.” Widya Pranata Hukum : Jurnal Kajian Dan Penelitian Hukum 5, no. 2 (2023): 127–41. https://doi.org/10.37631/widyapranata.v5i2.783.
Nhemi, Shila. “Law Without Lawyers: Examining the Limitations of Consumer-Centric Legal Tech Services.” Journal of Intellectual Property and Information Technology Law (JIPIT) 3, no. 1 (2023): 15–76. https://doi.org/10.52907/jipit.v3i1.223.
Nurhayati, Yati, Ifrani Ifrani, and M. Yasir Said. “Metodologi Normatif Dan Empiris Dalam Perspektif Ilmu Hukum.” Jurnal Penegakan Hukum Indonesia 2, no. 1 (2021): 1–20. https://doi.org/10.51749/jphi.v2i1.14.
Nurliristiwa, Busyra Azheri, and Syahrial Razak. “Binding of Third Party Guarantee Objects in Financing Agreement in PT Multindo Auto Finance in Padang City.” International Journal of Multicultural and Multireligious Understanding 7, no. 4 (2020): 444–56. http://ijmmu.comhttp//dx.doi.org/10.18415/ijmmu.v7i4.1653.
Purbasari, Heppy, and Dewita Puspawati. “Exploration Study of Sharia Corporate Exploration Study of Sharia Corporate Governance Disclosure on Bank Annual Governance Disclosure on Bank Annual Report of Sharia Business Unit Report of Sharia Business Unit.” Riset Akuntansi Dan Keuangan Indonesia 6, no. 1 (2021): 50–61. http://journals.ums.ac.id/index.php/reaksi/index.
Rohman, A N, D Fitriana, and W R Aidy. “Economic Security and Sharia Fintech Regulation in Indonesia: A Portrait of Strengthening the Sharia Business Ecosystem.” Fiat Justisia: Jurnal Ilmu … 17, no. 3 (2023): 243–64. https://doi.org/10.25041/fiatjustisia.v17no3.2919.
Rusadi, Fry Anditya Rahayu Putri, and Kornelius Benuf. “Fintech Peer to Peer Lending as a Financing Alternative for the Development MSMEs in Indonesia.” Legality: Jurnal Ilmiah Hukum 28, no. 2 (2020): 232–44. https://doi.org/10.22219/ljih.v28i2.12865.
Saleh Ali, Reem, Khai Wah Khaw, Amira Gaber, and Alhamzah Alnoor. “Peer-to-Peer Online Lending Sentiment Analysis.” Applied Mathematics and Computational Intelligence 12, no. 2 (2023): 59–119. https://doi.org/https://ejournal.unimap.edu.my/index.php/amci/article/view/38.
Sazili, Sazili, Ju’im Ju’im, Indarti Sri, and Efendi Riyanto. “Analysis of Fiduciary Guarantee Arrangements and Legal Protection of Creditors in Fiduciary Agreements in Indonesia.” International Journal of Social Science Research and Review 5, no. 1 (2023): 159–65. https://doi.org/http://dx.doi.org/10.47814/ijssrr.v6i8.1442.
Sugiarto, Irwan, and Hari Sutra Disemadi. “Consumers Spiritual Rights In Indonesia : A Legal Study Of Sharia Fintech.” Jurnal IUS Kajian Hukum Dan Keadilan 8, no. 3 (2020): 145–60. https://doi.org/http://jurnalius.ac.id/ojs/index.php/jurnalIUS.
Suryono, Ryan Randy, Indra Budi, and Betty Purwandari. “Detection of Fintech P2P Lending Issues in Indonesia.” Heliyon 7, no. 4 (2021): e06782. https://doi.org/10.1016/j.heliyon.2021.e06782.
Umar Habibu Umara, and Muhammad Aminu Umar. “Integrating Islamic Fintech into Islamic Social Finance to Revive the Going Concern of MSMEs in the COVID-19 Era.” Global Review of Islamic Economics and Business 10, no. 1 (2022): 1–13. https://doi.org/https://doi.org/10.14421/grieb.2022.101-01.
Wardiono, Kelik, and Wardah Yuspin. “The Sharia Microfinance and the Counter-Hegemonic Movement: Examining the Legal Norms Regulating Aspects of Institutional and Business Activities in Surakarta.” Humanities and Social Sciences Reviews 7, no. 3 (2019): 45–51. https://doi.org/10.18510/hssr.2019.737.
Widyawati, Agnes Maria Janni. “Importance of Fiduciary Guarantee Registration for Parties Based on Law No. 42 of 1999 on Fiduciary Guarantee” 140, no. 42 (2020): 16–19. https://doi.org/10.2991/aebmr.k.200513.004.
Wijaya, Alvian Dwiangga, and Teddy Prima Anggriawan. “Perlindungan Hukum Terhadap Data Pribadi Dalam Penggunaan Aplikasi Di Smartphone.” Inicio Legis 3, no. 1 (2022): 63–72. https://doi.org/10.21107/il.v3i1.14873.
Yuspin, Wardah, and Arinta Dewi Putri. “Reconstruction of Law Guarantee in Akad Mudharabah: A Study of Takwil Interpretation.” International Journal of Innovation, Creativity and Change 12, no. 1 (2020): 494–510. https://api.elsevier.com/content/abstract/scopus_id/85083057442.
DOI: http://dx.doi.org/10.26623/julr.v7i2.9064
Refbacks
- There are currently no refbacks.
Copyright (c) 2024 JURNAL USM LAW REVIEW
![Creative Commons License](http://i.creativecommons.org/l/by/4.0/88x31.png)
This work is licensed under a Creative Commons Attribution 4.0 International License.
Jurnal USM LAW REVIEW : Journal Law published by Magister Hukum Universitas Semarang is licensed under a Creative Commons Attribution 4.0 International License.