THE HUKUM PERIKATAN ISLAM DI INDONESIA PEER TO PEER LENDING (STUDI KASUS APLIKASI LINK AJA)

HUKUM PERIKATAN ISLAM DI INDONESIA PEER TO PEER LENDING (STUDI KASUS APLIKASI LINK AJA)

Abstrak

Abstract

This study examines consumer protection in the financial technology (fintech) Peer-to-Peer (P2P) Lending industry in Indonesia, with a case study on the LinkAja Syariah application. The aim of this research is to understand the consumer protection mechanisms implemented, the effectiveness of regulations and supervision by the Financial Services Authority (OJK), and the Islamic legal perspective on the rise of the P2P lending industry. The research method used is descriptive analysis with a qualitative approach, which includes literature studies and interviews with relevant parties.

The results of the study show that LinkAja Syariah has implemented consumer protection measures in accordance with Sharia principles, such as the use of qard contracts without interest, as well as providing transparent information and effective complaint mechanisms. Regulations issued by the OJK, such as OJK Regulation No. 77/POJK.01/2016, also play an important role in protecting consumers, although the implementation and supervision of these regulations still face various challenges.

The Islamic legal perspective emphasizes the importance of avoiding riba (interest), gharar (uncertainty), and maysir (speculation) in financial transactions. LinkAja Syariah has made efforts to comply with these principles through cooperation with the National Sharia Council (DSN) and the Indonesian Ulema Council (MUI).

This study concludes that although existing consumer protection measures are good, there is still a need for improvements in supervision and education for the public to ensure that all fintech platforms comply with established standards. Recommendations include enhancing supervision by the OJK, financial literacy education, Sharia-compliant product innovation, collaboration with DSN and MUI, increasing transparency and accountability, and investing in technological infrastructure. Thus, the P2P lending fintech industry in Indonesia is expected to develop more fairly, transparently, and sustainably.