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Hazmi Rusli
Universiti Sains Islam Malaysia

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Legal Arrangement Model for Imposing Fair Interest on Online Loans Nurhilmiyah Nurhilmiyah; Hazmi Rusli; Destri Budi Nugraheni; Atikah Rahmi; Ismail Koto
Kosmik Hukum Vol. 26 No. 3 (2026)
Publisher : Universitas Muhammadiyah Purwokerto

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30595/kosmikhukum.v26i3.29369

Abstract

The issue of the amount of interest on online loans or peer-to-peer lending has become an actual issue and raises problems from the aspect of legal protection for the parties. Reasonable and fair interest for parties can expand financial access and increase the achievement of financial inclusion of the Indonesia people. This study uses normative legal research methods but is equipped with supporting data from observations and interviews from the field as using empirical legal research methods. Based on the discussion carried out it can be seen that the information contained in the online loan application is not transparent regarding the existence of reasonable interest rates on online loans, does not provide legal certainty for consumers, especially in protecting their rights, this is due to the fact that there are still many business actors who provide unclear information. The legal regulation model for the imposition of fair interest on co-financing services or online loan services since the issuance of the Financial Services Authority Circular No 19/SEOJK.06/2023 concerning the Implementation of Information Technology-Based Co-Financing Services the interest is expressly differentiated between productive funding and consumptive funding
Reconstructing Electoral Law Policy to Strengthen the Prevention and Enforcement of Money Politics in Indonesia Milda Istiqomah; Hazmi Rusli; Bunga Veronika Milania Agustin; Heru Kurniawan
Kosmik Hukum Vol. 26 No. 2 (2026)
Publisher : Universitas Muhammadiyah Purwokerto

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30595/kosmikhukum.v26i2.30250

Abstract

Elections constitute a fundamental manifestation of democracy, serving as a crucial mechanism connecting candidates and voters. However, electoral contests continue to be undermined by violations, particularly money politics and political dowries. Article 228 explicitly prohibits the giving and receiving of political dowries in the nomination of presidential and vice-presidential candidates, yet the practice of vote-buying through money or goods persists and has increasingly become embedded as a political culture. This phenomenon threatens democratic integrity, weakens clean governance, and undermines the realization of fair elections. This study examines campaign finance regulation as a preventive legal policy against money politics practices. Employing a normative juridical research method, the study relies on primary and secondary legal materials through a statute approach and a comparative approach. The statute approach is conducted by analyzing the regulatory framework governing campaign finance, criminal provisions, and law enforcement mechanisms related to electoral violations. Meanwhile, the comparative approach is carried out through a micro-level examination of campaign finance limitation policies in the United States in order to construct a preventive model applicable within the Indonesian context. Using deductive legal reasoning and legal syllogism, the research positions legal norms as the major premise and correlates them with relevant legal facts to formulate conclusions. The findings indicate that limiting campaign funds serves as a strategic instrument to reduce excessive monetary influence in politics. Strengthening contribution limits, transparency mechanisms, and law enforcement is therefore essential to prevent money politics and safeguard electoral integrity and democratic accountability.