ISLAMIC P2P LENDING AS AN ALTERNATIVE SOLUTION FOR THE UNFAIR CONVENTIONAL PLATFORM IN INDONESIA

نویسندگان

چکیده

Fintech implementation still lacks legal protection for the parties involved. The rules imposed by Financial Services Authority (FSA/ Otoritas Jasa Keuangan/OJK) have aspects of riba that contradict sharia compliance principles. This study determines alternative solutions to unfair practices in conventional Fintech, especially peer-to-peer lending (P2P lending) Indonesian banking practices. research uses normative and empirical methods with statutory data from library interviews. shows presence economic immorality P2P loan practices, such as maisyir, gharar, riba, dzalim, haram, which are contrary Islamic necessitates application primary principles fintech. Thus, Lending is an solution banking’s financial technology customers using fintech services. due challenges fintech, including illegal intimidation debt financing, high-interest rates, use unlawful personal data. Therefore, good faith strengthen protect consumers.

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ژورنال

عنوان ژورنال: UUM journal of legal studies

سال: 2022

ISSN: ['0127-9483', '2229-984X']

DOI: https://doi.org/10.32890/uumjls2022.13.1.2