The Sharia Funding Risk Issues in Fintech Securities Crowdfunding: Realization of Legal Certainty in the Shari'ah Perspective

Alhadiansyah Alhadiansyah; Erni Djun'astuti; Sugeng Susila; Marnita Marnita; Tri Dian Aprilsesa

doi:10.47268/sasi.v29i4.1733

The Sharia Funding Risk Issues in Fintech Securities Crowdfunding: Realization of Legal Certainty in the Shari'ah Perspective

Alhadiansyah Alhadiansyah⁽¹⁾, Erni Djun'astuti⁽²⁾, Sugeng Susila⁽³⁾, Marnita Marnita⁽⁴⁾, Tri Dian Aprilsesa⁽⁵⁾

(1) Faculty of Law Tanjungpura University, Pontianak, Indonesia
(2) Faculty of Law Tanjungpura University, Pontianak, Indonesia
(3) Faculty of Law Tanjungpura University, Pontianak, Indonesia
(4) Faculty of Law Tanjungpura University, Pontianak, Indonesia
(5) Faculty of Law Tanjungpura University, Pontianak, Indonesia
email

Corresponding Author

Abstract

Introduction: In the era of globalization and information technology, fintech is transforming the financial sector, including fintech securities crowdfunding, which is a funding model based on the participation of many small investors. In the context of sharia, sharia principles regulate financial transactions and services, while crowdfunding fintech securities is a popular phenomenon in sharia funding, but requires investor protection regarding investment risk and legal protection.

Purposes of the Research: To analyze the legal certainty of protection for investors who invest in Islamic funding through fintech securities crowdfunding in Indonesia and analyze the risks faced by investors in this context.

Methods of the Research: This study uses qualitative normative legal research methods to understand legal certainty and investor protection in Islamic funding through Fintech Securities Crowdfunding. Data collection was carried out through literature study and then analyzed qualitatively to identify patterns, themes and related issues.

Results of the Research: Sharia funding through Fintech Securities Crowdfunding in Indonesia provides attractive Islamic investment opportunities but also involves various risks such as business risk, liquidity, legal, sharia, and others. Legal certainty regulated by Financial Services Authorityand Sharia Supervisory Board is the key in providing protection to investors. OJK regulations ensure information transparency and compliance with sharia principles, so that investors can invest with confidence according to sharia values. Thus, an investment ecosystem that has integrity and is inclusive within the sharia framework can be realized.

Keywords

Financial Services Authority; Capital Markets; Sharia Investment; Funding.

DOI

10.47268/sasi.v29i4.1733

Published

2023-11-30

How To Cite

APA: Alhadiansyah, A., Djun'astuti, E., Susila, S., Marnita, M., & Aprilsesa, T.D. (2023). The Sharia Funding Risk Issues in Fintech Securities Crowdfunding: Realization of Legal Certainty in the Shari'ah Perspective. SASI, 29(4), 777-789. DOI: https://doi.org/10.47268/sasi.v29i4.1733.

IEEE: A. Alhadiansyah, E. Djun'astuti, S. Susila, M. Marnita, and T.D. Aprilsesa, "The Sharia Funding Risk Issues in Fintech Securities Crowdfunding: Realization of Legal Certainty in the Shari'ah Perspective", SASI, vol. 29, no. 4, pp. 777-789, Nov. 2023. Accessed on: Apr. 28, 2024. [Online]. Available DOI: https://doi.org/10.47268/sasi.v29i4.1733

Harvard: Alhadiansyah, A., Djun'astuti, E., Susila, S., Marnita, M., and Aprilsesa, T.D., (2023). "The Sharia Funding Risk Issues in Fintech Securities Crowdfunding: Realization of Legal Certainty in the Shari'ah Perspective". SASI, Volume 29(4), pp. 777-789. [Online]. Available DOI: https://doi.org/10.47268/sasi.v29i4.1733 (Accessed on: 28 April 2024)

Chicago: Alhadiansyah, Alhadiansyah, Erni Djun'astuti, Sugeng Susila, Marnita Marnita, and Tri Dian Aprilsesa. "The Sharia Funding Risk Issues in Fintech Securities Crowdfunding: Realization of Legal Certainty in the Shari'ah Perspective." SASI 29, no. 4 (October 30, 2023): 777-789. Accessed April 28, 2024. doi:10.47268/sasi.v29i4.1733

Vancouver: Alhadiansyah A, Djun'astuti E, Susila S, Marnita M, Aprilsesa TD. The Sharia Funding Risk Issues in Fintech Securities Crowdfunding: Realization of Legal Certainty in the Shari'ah Perspective. SASI [Internet]. 2023 Nov 30 [cited 2024 Apr 28];29(4):777-789. Available from: https://doi.org/10.47268/sasi.v29i4.1733

MLA 8th: Alhadiansyah, Alhadiansyah, Erni Djun'astuti, Sugeng Susila, Marnita Marnita, and Tri Dian Aprilsesa. "The Sharia Funding Risk Issues in Fintech Securities Crowdfunding: Realization of Legal Certainty in the Shari'ah Perspective." SASI, vol. 29, no. 4, 30 Oct. 2023, pp. 777-789, doi:10.47268/sasi.v29i4.1733. Accessed 28 Apr. 2024.

BibTeX:

@article{SASI1733,
		author = {Alhadiansyah Alhadiansyah and Erni Djun'astuti and Sugeng Susila and Marnita Marnita and Tri Aprilsesa},
		title = {The Sharia Funding Risk Issues in Fintech Securities Crowdfunding: Realization of Legal Certainty in the Shari'ah Perspective},
		journal = {SASI},
		volume = {29},
		number = {4},
		year = {2023},
		keywords = {Financial Services Authority; Capital Markets; Sharia Investment; Funding.},
		abstract = {Introduction: In the era of globalization and information technology, fintech is transforming the financial sector, including fintech securities crowdfunding, which is a funding model based on the participation of many small investors. In the context of sharia, sharia principles regulate financial transactions and services, while crowdfunding fintech securities is a popular phenomenon in sharia funding, but requires investor protection regarding investment risk and legal protection.Purposes of the Research: To analyze the legal certainty of protection for investors who invest in Islamic funding through fintech securities crowdfunding in Indonesia and analyze the risks faced by investors in this context.Methods of the Research: This study uses qualitative normative legal research methods to understand legal certainty and investor protection in Islamic funding through Fintech Securities Crowdfunding. Data collection was carried out through literature study and then analyzed qualitatively to identify patterns, themes and related issues.Results of the Research: Sharia funding through Fintech Securities Crowdfunding in Indonesia provides attractive Islamic investment opportunities but also involves various risks such as business risk, liquidity, legal, sharia, and others. Legal certainty regulated by Financial Services Authorityand Sharia Supervisory Board is the key in providing protection to investors. OJK regulations ensure information transparency and compliance with sharia principles, so that investors can invest with confidence according to sharia values. Thus, an investment ecosystem that has integrity and is inclusive within the sharia framework can be realized.},
				issn = {2614-2961},		pages = {777--789}			doi = {10.47268/sasi.v29i4.1733},
				url = {https://fhukum.unpatti.ac.id/jurnal/sasi/article/view/1733}
		}

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