Illegal Fatwas And The War On Fake Online Loans
Illegal Fatwas And The War On Fake Online Loans

Illegal Fatwas And The War On Fake Online Loans Illegal fatwas and the war on fake online loans – Loan service online (pinjol) with flowers strangle, terror, and murder character inviting the concern of the Indonesian Ulema council (MUI). In the near future, the MUI will release a fatwa to pinjol for the sake of protecting the community.

The existence of the company’s platform technology (fintech) peer to peer (P2P) lending is indeed more massive in the last few years. TOtoritas Jasa Keuangan (OJK) himself calls call fintech P2P lending as a service the lending and borrowing of money in rupiah currency directly between creditors/lenders (lenders) and the debtor/borrower (loan recipient) with information technology-based.

Since then, diverse loan application online grows like a fungus in the rainy season. Unfortunately, not all got official permission from the FSA. Thousands of online loan application that is illegal.

Application pinjol illegal this gives the wind of heaven in the form of disbursement of the loan fast, easy, and the requirements are minimal. However, after the debt of the liquid, the borrower will always terrorized to pay, humiliation to murder the characters. In fact, there are a few cases of suicide due to entrapment pinjol.

This condition makes the MUI’m sorry. Although actually, MUI already released a Review of the Fatwa DSN No.117/DSN-MUI/II/2018 about the Services Fintech Based on Sharia Principles. The chairman of the Dakwah MUI Cholil Nafis describes the rules that guidelines related to online loans that the concept of sharia.

“There is no explanation no riba, no gharar, and no maysir, including maintaining the confidentiality and politeness,” said Cholil in the discussion related to online loans held InfoBank virtual, Friday (3/9).

Further, Cholil explained, MUI divide pinjol into three categories. First online loans that the connotation is riba in which the lender is a loan shark. For example, with a loan of R1 million but only dilute 800 thousand. Plus, the flowers debt burden of the borrower.

“Second, there pinjol legal in legislation,” he continued.

MUI divide the second category is in two forms also which loan legal sharia and legal non-sharia. Online loans; and third, the fintech lending based on sharia. The Platform is ensured in accordance with the islamic principles for supervised by the Board of Trustees of the National Sharia COUNCIL.

For fintech P2P lending conventional, official, Cholil confirms the MUI does not justify or say a loan is forbidden.

“But if there is already a category sharia, it is legal for law and sharia in its implementation,” he said.

As for if there is a loan online illegal admitted to the principle of sharia, MUI dare to assert that such loans haram twice.

“Haram first not in accordance with sharia, the second he does not follow the legitimate government. If there are illegal that claimed the sharia, that means the cheat two times. Baseball there may be a sharia is not legal,” said Cholil Nafis.

In response to this, the Observer Economic Sharia from the University of Indonesia Budi Prasetyo declared a fatwa for a loan online is right and according to the capacity of the council.

“It does not need to be addressed excessive. Fatwa MUI similar to the MUI fatwa about the prohibition of bank interest a few years ago,” he said to the through short message Friday (3/9).

Budi added points about flowers this would definitely be considered MUI in the fatwa has not been this release. Because, fintech P2P lending using a conventional interest in its operations. However, he believes that the fatwa is not going to have a major impact for the ecosystem of the fintech lending overall.

“But P2P sharia may be growing because of the support of the fatwa of MUI,” he added.

Because of that, he added, the organizers of the online loans sharia should capture this opportunity. Do not until the ‘excellence’ for pinjol sharia is not followed by the development of the market share of the increasingly widespread. As is the case occurred in the banking industry after the fatwa bank interest haram 2003.

“P2P lending sharia should also increase the innovation of products and services that can win the hearts of muslim consumers in Indonesia,” he said.

Unfortunately, he admitted pinjol sharia has yet to find a format appropriate regulation. Thus, the risk of the investment and the business is fully borne by the super lenders (investors). Hence, the investor (lender) must be observant in choosing a platform P2P lending is good and safe.

“It is different with the banking system and the infrastructure is already well established, the regulation strictly no LPS, etc.,” he said.

He also suggested to the front aspect of the disclosure the above information business P2P lending should be a priority by the FSA. The goal is to minimize the risks faced by investors.

Meanwhile, the Chief executive of the Association of Fintech Funding Bersama Indonesia (AFPI) Kus Eryansyah said it has established communication with the MUI related to the release of a fatwa halal-haram pinjol.

In his view, online loans with interest strangle, predatory lending, and bills that can be doubled from the amount of the loan is an illegal practice.

“We believe what will difatwakan MUI refers to the practice of pinjol illegal not on pinjol licensed FSA terms of product and business model is very fair,” he said to the, Monday (3/9).

AFPI agreed practices pinjol abal-abal must be confronted and eradicated. Mainly so that people don’t get trapped in a cycle of ‘dig a hole close the hole’. Moreover billing terror and intimidation was also common pinjol illegal.

“Our members don’t, there is a code of conduct and be bound by it, if breaking them there is a risk revoked her membership. If revoked its membership can have an impact on the status of licensing in the FSA, it could also be revoked,” he explained.

He added that fintech members of AFPI, even if penalties apply a delay, the maximum is only worth the amount of the loan. Another feature that also distinguishes is, fintech P2P lending is legal only able to access the camera, microphone, and a notification on your phone of the customer.

“It’s not related to personal data,” he said. Unlike the case with pinjol illegal break through the personal data of the customer are stored in the mobile phone.

According to him, in Indonesia there is a funding gap of very large reached Rp2.500 trillion per year. This happens because the number of people that haven’t been touched banking (ratio).

“They could not be facilitated banking or venture capital,” he said.

Because that’s what technology comes as a bridge to bring together between the lender (the lender) and the recipient of the loan (borrower) through the business model of peer to peer lending. This breakthrough to be an alternative source of funding for the community untouched bank.

“Should not we narrow it down, if we can expand, not us slow down if we can fast-forward,” he said.

He believes that fintech could be a way for the lifting of economic growth in Indonesia is high again. Of course by creating opportunities for people to increase their income.

This is because of loans disbursed pinjol not only for the needs of the consumer. Many of the borrowers who apply for funds for the venture capital and move its economy.

Kus recognize the current portion of the loan is still dominated by consumerist. However, based on a survey conducted some of the organizers of the P2P lending, loans consumer it is also used for productive purposes.

“So he’s borrowing through the consumer but for productive purposes for example for stock when sales increase,” he said.

Illegal Fatwas And The War On Fake Online Loans – On the other hand, P2P lending is still an investment platform that is trusted for lenders. It is shown from the Success Rate (TKB) that an average of 98%. Kus assess the extent of this breach in the fintech P2P lending is very low. This helped hoist the high funding loans online in times of pandemic.

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