Implication of Disharmonization of Baitul Maal Wa Tamwil Establishment Laws in Indonesia

DOI

10.2991/assehr.k.210120.162How to use a DOI?

Keywords

Implication, Disharmonization, Arrangement, BMT

Abstract

Baitul Maal Wa Tamwil (BMT) is a type of Islamic microfinance institution that can operate with the legal entity of Cooperative and Incorporated Company. BMT, with a legal entity as a cooperative in Indonesia, poses some problems related to the legal arrangements for its establishment and inciting disharmony with others. The disharmony of the establishment of the BMT has implications for the customer’s legal protection. Based on those problems, this article aims to examine the implications of disharmony in the legal arrangements of the establishment of BMTs for the legal protection of BMT customers in Indonesia. This research is a normative and empirical study with qualitative analysis methods. The results prove that the disharmony in legal arrangements of the establishment of BMTs for the legal protection of BMT customers in Indonesia resulted in the overlapping authority of BMT licensing and supervision institutions as well as weak legal protection for BMT customers in Indonesia.

Copyright

© 2021, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Ani Yunita
PY  - 2021
DA  - 2021/01/21
TI  - Implication of Disharmonization of Baitul Maal Wa Tamwil Establishment Laws in Indonesia
BT  - Proceedings of the 4th International Conference on Sustainable Innovation 2020–Social, Humanity, and Education (ICoSIHESS 2020)
PB  - Atlantis Press
SP  - 468
EP  - 475
SN  - 2352-5398
UR  - https://doi.org/10.2991/assehr.k.210120.162
DO  - 10.2991/assehr.k.210120.162
ID  - Yunita2021
ER  -