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Journal : Diponegoro Law Review

EFFORTS TO PROTECT CONSUMER’S SPIRITUAL RIGHTS IN ORGANIZING ISLAMIC MICROFINANCE INSTITUTIONS IN INDONESIA Hari Sutra Disemadi; Ayup Suran Ningsih
Diponegoro Law Review Vol 5, No 2 (2020): Diponegoro Law Review October 2020
Publisher : Fakultas Hukum, Universitas Diponegoro

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (763.213 KB) | DOI: 10.14710/dilrev.5.2.2020.172-187

Abstract

Microfinance Institutions (MFIs) are part of non-bank financial institutions. In organizing, MFIs can be implemented with sharia principles, but not a few people who assume that this Sharia-based MFI is only a label to attract the sympathy of the Muslim community. Based on this, this study aims to determine the legal policies for the implementation of MFIs in Indonesia and to find out regulatory policies regarding sharia principles in the organization of MFIs as an effort to protect the spiritual rights of consumers. This study uses a normative juridical research method with a conceptual approach and a statutory approach. This study shows the legal basis for the organization of MFIs is Law Number 1 of 2013, POJK Number 14/POJK.05/2014, POJK Number 61/POJK.05/2015, and POJK Number 62/POJK.05/2015. The policy of regulating the application of sharia principles as an effort to protect the spiritual rights of consumers has also been regulated in the MFI Law and the implementing regulations namely POJK Number 62/POJK.05/2015 concerning Business Administration of MFIs which in the implementation of sharia-based MFIs must use mudharabah, musyarakah, murabahah, ijarah, salam, istishna, ijarah muntahiah bit tamlik or other contracts (akad) that do not conflict with sharia principles. The policy of applying sharia principles in organizing MFIs is intended to guarantee the protection of the spiritual rights of consumers from Islamic MFIs.
CREDITOR OF FIDUCIARY FACING BANKRUPTCY, WHAT SHOULD THEY DO? Ningsih, Ayup Suran
Diponegoro Law Review Vol 10, No 1 (2025): Diponegoro Law Review April 2025
Publisher : Fakultas Hukum, Universitas Diponegoro

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.14710/dilrev.10.1.2025.29-41

Abstract

This study investigates the legal framework surrounding fiduciary guarantees in Indonesia, elucidates the position of secured creditors when debtors face bankruptcy, and scrutinizes the procedural regulations for enforcing fiduciary liens in the aftermath of bankruptcy proceedings. The research utilizes a normative legal methodology and an analytical-descriptive approach, referencing foundational doctrines in the Civil Code and the provisions of Law No. 37 of 2004 regarding the Suspension of Debt Payment Obligations and Bankruptcy. Data were gathered from primary legal texts, particularly Law No. 42 of 1999 on Fiduciary Guarantees. They were further supported by secondary literature in legal scholarship and relevant non-legal sources that provide insights into practical enforcement trends. The examination starts by delineating the legal framework of fiduciary security: identifying qualifying collateral (including movable and specific immovable assets), specifying registration and perfection criteria, and differentiating fiduciary liens from traditional pledges and mortgages. The focus then shifts to the point of insolvency, examining the classification of fiduciary creditors within the bankruptcy hierarchy—distinguished as preferred or concurrent claimants—and the rights they maintain to identify and reclaim collateral beyond the general estate. The study delineates the procedural steps required by Law No. 37/2004 for post-bankruptcy enforcement, encompassing notice provisions, valuation, auction sale, and distribution of proceeds. The findings indicate that Indonesian law establishes a structured framework for fiduciary guarantees; however, there are notable tensions between the insolvency moratorium and the secured creditor’s entitlement to timely enforcement. Furthermore, instances of priority conflicts can emerge in practice, highlighting the necessity for more explicit guidelines regarding the ranking of creditor claims. This study integrates doctrinal theory, statutory text, and procedural detail to provide a thorough reference for practitioners and policymakers. It proposes specific reforms to enhance predictability and boost creditor confidence in Indonesia’s secured lending framework.
Co-Authors Abu, Roziya Achmad Jerjes Ade Putra Ali Masyhar Alkhair, Rayyan Andry Setiawan, Andry Anitasari, Rahayu Fery Aprila Niravita, Aprila Aprilia Niravita Aurora Alia, Tiara Bin Hassan, Muhammad Sayuti binti Jamil @ Osman, Zuraini Dani Muhtada Dewi Sulistianingsih Dian Latifiani Dina Silvia Puteri Ekarini, Fitria Elza Aida Putri, Fadilla Erisandi Arditama Fadilah, Galang Fatika Sari, Chika Febriani, Diyah Anggun Fiorentina, Prita Firdausa Hasna, Lubna Hanum, Holy Latifah Hanuma, Holy Latifah Hari Sutra Disemadi Hari Sutra Disemadi Harry Nugroho, Harry Hediyati Maharani, Balqis Hikal Fikri, Muhammad Adymas iin Farlina, iin Indriyani, Widia Indung Wijayanto Irawaty Irawaty Irawaty Irawaty Irawaty Iskandar, Ranu Kamal, Ubaidilah Khoirudin Fathoni, Khoirudin Khomariyah, Maulida Nurul Komariyah, Maulida Nurul Lestari, Endriyani Lestari, Lilis Eka Maharani, Ferra Tiara Moh. Aris Munandar, Moh. Aris Monica Sari, Anis Muchammad Shidqon Prabowo Muchammad Shidqon Prabowo Munawaroha, Eem Novia Wahyu Wardani Novita, Yustina Dhian Nur Hidayat Nur Rizki, Radha Evi Nurul Anggaretno, Setyaning Wida Nurul Fibrianti Nurul Fibrianti Paramita Prananingtyas Parjono, Pudji Prasaja, Regina Celiadi Prasetyo, Kresna Adi Pratama, Iqbal Kend Pratiwi, Endang Prayogo, Bagus Edi PUJI LESTARI Puspa Wardhani, Harumsari Putri Khoirin Nashiroh Putri, Fadilla Elza Aida Rahayu Fery Anitasari Ramli, Asmarani Rasdi Rasdi Rasdi, Rasdi Ratih Damayanti Rini Fidiyani Rini Fidiyani Ristanti, Dina Rokhayatun, Umi Rusyiana, Rusyiana Salsabilla, Selfira Salwa, Adinda Maura Saman, Mohamad Sang Ayu Putu Rahayu Selfira Salsabilla Shidqon Prabowo, Muchammad Sijbat, Sondang Sinta, Dewi Sony Zulfikasari Sugiyono, Tri Suhadi Suhadi Sukrina, Nur Fitri Suprapti, Duhita Driyah Tri Andari Dahlan Ubaidillah Kamal Wardani, Novia Wahyu Wardhani, Harumsari Puspa Waspiah - Wedhatami, Bayangsari Wisnujati, Galih Prapdipto Yohanes Primadiyono, Yohanes