The Supervisory System of Conventional Online Lending in Aceh Following the Enforcement of Qanun Number 11 of 2018: A Study on Criminal Elements in Online Lending Transactions
DOI:
https://doi.org/10.22373/legitimasi.v14i1.30033Keywords:
Supervisory System, Online Lending, Qanun Number 11 of 2018Abstract
Online Service lending has become a widely used financial product due to its accessibility, including in Aceh, which has implemented Qanun Number 11 of 2018 concerning Islamic Financial Institutions that prohibits interest-based lending practices. Therefore, this study focuses on the supervision of conventional online lending conducted by the government in Aceh following the implementation of Qanun Number 11 of 2018. This research adopts a descriptive method with data collected through interviews. The findings indicate that, to date, conventional online service lending (pinjol) operations in Aceh remain unrestricted, with no limitations imposed on their activities. In Aceh, stakeholders have yet to take concrete measures to curb or prohibit conventional online lending practices. Consequently, many consumers in Aceh, including educated individuals such as teachers and students, as well as the general public, have been trapped in debt and faced payment defaults. Therefore, strategic actions are required from both the Aceh government and religious scholars (ulama) to collaborate and synergize with relevant institutions such as the Financial Services Authority and Bank Indonesia to curb conventional fintech practices in Aceh, in accordance with the provisions outlined in Qanun Number 11 of 2018 on Sharia Financial Institutions in Aceh
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Interview:
Interview with Shabarullah, Islamic Economics Observer, 2023
Interview with Mujiburrahman, Aceh Police cyber team, 2024.
Interview with Rivaldi, Head of Cyber Crime Division of Aceh Police, 2024
Interview with Kamal, Aceh Police cyber team in Lamreung, July 10, 2024
Interview with Deni Candra, Head of LPOM MPU Aceh, at the MPU Aceh office. 2024
Interview with Sarah, OJK Aceh Staff at the OJK Branch Office, 2024
Interview with Rahmat, a user of online loan services
Statute:
Qanun of Aceh Province Number 11 of 2018 Concerning Islamic Financial Institutions
PJOK Number 10/POJK.05/2022 concerning Information Technology-Based Joint Funding Services
Law Number 11 of 2008 concerning Information and Electronic Transactions
Law Number 1 of 2024 concerning Amendments to Law Number 11 of 2008 concerning Information and Electronic Transactions
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