Article Per Year (5 Year)
p-Index From 2021 - 2026
0.882
P-Index
This Author published in this journals
All Journal ALADALAH: Jurnal Politik, Sosial, Hukum dan Humaniora
Zulfikri Toguan
Islamic University of Riau
Humanities Law, Crime, Criminology & Criminal Justice Social Sciences

Published : 4 Documents Claim Missing Document
Claim Missing Document
Check
Articles

Found 4 Documents
Search

 1 
Perbandingan Regulasi Penanaman Modal Indonesia dan Singapura Fadhlan Dwi Juliardi Albana; Zulfikri Toguan; Rahmansyah Siregar
ALADALAH: Jurnal Politik, Sosial, Hukum dan Humaniora Vol. 4 No. 1 (2026): ALADALAH: Jurnal Politik, Sosial, Hukum dan Humaniora
Publisher : LP3M INSTITUT KH YAZID KARIMULLAH

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59246/8wpxg222

Abstract

Foreign investment is a crucial factor in driving economic growth because it provides not only capital but also technology, skills, and access to global markets. This study aims to compare investment regulations in Indonesia and Singapore and to analyze the factors that support and hinder the flow of foreign direct investment (FDI). The method used in this study is a normative approach with a comparative legal analysis, drawing from legal documents, legislation, bilateral agreements, and academic literature from 2020 to 2026. Data were analyzed using qualitative descriptive methods to evaluate differences in regulations, licensing procedures, legal protections, and compliance with international standards. The results indicate that Singapore holds a significant advantage over Indonesia in terms of legal certainty, transparency of licensing procedures, and regulatory openness, making it more attractive to foreign investors On the other hand, Indonesia still faces challenges in the form of complex bureaucracy, regulatory inconsistencies, and restrictions in several strategic sectors. These factors significantly affect investor interest and competitiveness at the regional level. This study recommends that Indonesia simplify investment procedures, harmonize national regulations, and strengthen legal protections including the implementation of bilateral P4M agreements to enhance the appeal of foreign investment in the region.
Efektivitas Penegakan Hukum Pasar Modal terhadap Pelaku Fraud Investasi Rahmansyah Siregar; Zulfikri Toguan; Fadhlan Dwi Juliardi Albana
ALADALAH: Jurnal Politik, Sosial, Hukum dan Humaniora Vol. 4 No. 1 (2026): ALADALAH: Jurnal Politik, Sosial, Hukum dan Humaniora
Publisher : LP3M INSTITUT KH YAZID KARIMULLAH

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59246/b8f85g73

Abstract

This study was prompted by the increase in investment activity in the Indonesian stock market, which has been accompanied by the emergence of various types of investment fraud, such as market manipulation, insider trading, the dissemination of false information, and online fraud. The objectives of this study are to assess the effectiveness of law enforcement against investment fraud in the Indonesian stock market, identify existing problems in its implementation, and formulate ways to strengthen legal protection for investors. The method used is normative legal research with an approach to applicable laws, concepts, and existing cases. Legal data is analyzed qualitatively using a descriptive-prescriptive method. The results of the study indicate that Indonesia already has a solid legal foundation through the Capital Market Law and the authority of the OJK, but its implementation is not yet fully effective. Key challenges include the weak deterrent effect of sanctions, the difficulty of proving violations in the stock market, an insufficient response to digital fraud, and the need for alignment between capital market laws and electronic transaction regulations. Strengthening supervision, digital evidence, and mechanisms to recover investors’ losses are crucial steps to enhance legal protection in the Indonesian stock market.
Perlindungan Investor terhadap Resiko Investasi Bodong Berkedok Pasar Modal Alif Oemar Al Ghifari; Zulfikri Toguan; Oktavian Risnaldi
ALADALAH: Jurnal Politik, Sosial, Hukum dan Humaniora Vol. 4 No. 1 (2026): ALADALAH: Jurnal Politik, Sosial, Hukum dan Humaniora
Publisher : LP3M INSTITUT KH YAZID KARIMULLAH

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59246/6zdyky03

Abstract

Fraudulent investment practices disguised as capital market activities have increasingly evolved through digital technology, social media, and online investment platforms, employing schemes such as illegal trading robots, fictitious stocks, and Ponzi mechanisms. Investor protection in Indonesia is implemented through preventive measures, including financial literacy programs, supervision of investment activities, and public disclosure of illegal investments, as well as repressive measures in the form of administrative and criminal sanctions against perpetrators. Using a normative legal method with statutory and conceptual approaches, this article relies on qualitative analysis of primary, secondary, and tertiary legal materials collected through literature review. The analysis demonstrates that the effectiveness of investor protection is closely related to public financial literacy, the supervisory role of the Financial Services Authority (OJK), the consistency of law enforcement, and the integration of digital monitoring systems. Weak public understanding of investment risks and the rapid expansion of technology-based financial services continue to create opportunities for fraudulent practices. Strengthening digital supervision mechanisms alongside expanding financial literacy initiatives remains essential to reduce the growth of fraudulent investments operating under the guise of capital market activities in Indonesia.
Perlindungan Hukum terhadap Investor dalam Kegiatan Penanaman Modal di Indonesia Oktavian Risnaldi; Zulfikri Toguan; Alif Oemar Al Ghifari
ALADALAH: Jurnal Politik, Sosial, Hukum dan Humaniora Vol. 4 No. 1 (2026): ALADALAH: Jurnal Politik, Sosial, Hukum dan Humaniora
Publisher : LP3M INSTITUT KH YAZID KARIMULLAH

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59246/9p0arp34

Abstract

Legal protection for investors plays an important role in creating a stable and equitable investment climate in Indonesia. The national investment law system regulates investor protection through Law Number 25 of 2007 concerning Investment and various related regulations that provide both preventive and repressive legal safeguards. Preventive protection is reflected in the provision of legal certainty, equal treatment for investors, and simplification of licensing procedures, while repressive protection is implemented through litigation and arbitration mechanisms for resolving investment disputes. This research applies a normative legal method using statute, conceptual, and analytical approaches. Legal materials were obtained through document studies involving primary, secondary, and tertiary legal sources and were analyzed qualitatively. The findings indicate that the implementation of investor legal protection still encounters several obstacles, including inconsistent regulations, overlapping institutional authority, weak law enforcement, and inefficient investment service bureaucracy. These conditions affect the effectiveness of legal certainty and investor confidence in Indonesia’s investment sector. Strengthening regulatory harmonization, improving legal certainty, and reforming bureaucratic and dispute resolution mechanisms are therefore essential to support a more conducive and fair investment environment.
Co-Authors Abd Thalib, Abd Alif Oemar Al Ghifari Bambang Andi Putra Fadhlan Dwi Juliardi Albana Oktavian Risnaldi Rahmansyah Siregar Thalib, Nur Aisyah