The Legal Protection for Security Crowdfunding Based on Sharia Investment in MSMEs Economic Recovery

The security crowdfunding (SCF) provides collective fundraising services for MSMES who have difficulty obtaining funding without collateral based on OJK Regulation No. 16/POJK.04/2021, the SCF investment rules above don’t explicitly discuss activities in sharia-compliant securities halal business financing that are free from Riba, maysir, and gharar elements. purpose of this research is to examine sharia economic legal protection contract transaction model its implications case invalidity. This uses a conceptual normative approach with descriptive qualitative analysis. results show transactions not fulfilled principles Syirkah akad Sharia Economic Law Compilation, which expression side, occurrence ijab qabul (offer acceptance) clearly accordance sharia, so can be invalidated all related considered haram. Therefore, an issuer DSN MUI needed guarantee complies has compliance officer.