2019
DOI: 10.21143/jhp.vol49.no2.2013
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The Characteristics of Proportionality Principle in Islamic Crowdfunding in Indonesia

Abstract: Proportionality is a legal principle not only requires equility of the rights and obligations among parties based on competing values, but also has purpose to deliver justice among parties. This principle is in line with the Al Musawah principle in the Islamic contract or agreement which it also has the same goal: ad ‘adl wa tawazun. This principle is the implementation of the principle of good faith, the principle of transactions based on honesty including in terms of determining the profit margin. The resear… Show more

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Cited by 9 publications
(7 citation statements)
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“…Islamic crowdfunding is expected to be a solution for micro, small, and medium enterprises, as well as new businesses, compared to formal financial intermediaries. (Roro et al, 2019). This finding shows that there is positive belief and interest in the community towards the concept of sharia-based crowdfunding.…”
Section: Resultsmentioning
confidence: 71%
“…Islamic crowdfunding is expected to be a solution for micro, small, and medium enterprises, as well as new businesses, compared to formal financial intermediaries. (Roro et al, 2019). This finding shows that there is positive belief and interest in the community towards the concept of sharia-based crowdfunding.…”
Section: Resultsmentioning
confidence: 71%
“…This can be done through the licensing agreement mechanism as affirmed in Article 8 and Article 9 of the RD Law. In general, license agreements are subject to the conditions of validity of the agreement as affirmed in Article 1320 of the Indonesian Civil Code (Muhammad & Ilyasa, 2022) (Raden Roro et al, 2019). Specific requirements regarding license agreements are emphasized in Article 9 paragraph (1) of the RD Law which specifically emphasizes that license agreements are prohibited from formulating two things, namely having an impact on state economic losses and having an impact on efforts to cause unfair business competition.…”
Section: The Orientation On Propriety Crime As a Form Of Trade Secret...mentioning
confidence: 99%
“…Untuk mengembangkan sektor fintech, OJK meresmikan OJK Innovation Center for Digital Financial Technology (OJK Infinity) di kantor pusat OJK. Dirancang untuk menjadi wadah para pemangku kepentingan, regulator, pemerintah, dan akademisi dapat bekerja sama dan mendiskusikan cara untuk meningkatkan perkembangan industri fintech di Indonesia, sekaligus memperkuat perlindungan konsumen (Raden Roro et al, 2019).…”
Section: Perkembangan Crowdfunding DI Indonesiaunclassified