Analisis Kepatuhan Syariah dan Implikasi Yuridis terhadap Skema Social Impact Bond Dalam Perspektif Hukum Ekonomi Syariah
DOI:
https://doi.org/10.62007/joumi.v4i1.899Keywords:
Sharia Economic Law, Legal Implications, Sharia ComplianceAbstract
The development of innovative financial instruments in recent decades has demonstrated a paradigm shift from simply profit-oriented to impact-oriented finance, one of which is the Social Impact Bond (SIB) scheme. The purpose of this article is to examine the legal implications of the implementation of the Social Impact Bond scheme in the Indonesian legal system, both in terms of the legality of the contract, legal protection for the parties, and legal certainty. This study uses a qualitative approach with a normative juridical research type. The qualitative approach is used to understand and analyze in depth the concept of the Social Impact Bond (SIB), the principles of Islamic economic law, and the legal implications arising from the regulatory vacuum in the Indonesian legal system. The results of this study are: first, regarding the sharia compliance of the SIB, the Social Impact Bond (SIB) scheme does not meet sharia principles because it contains gharar and unclear contracts. Second, the legal implications, the absence of specific regulations, creates legal uncertainty, weak protection, and low investor confidence. Third, the formation of specific regulations, the need for reconstruction of Islamic SIB through adjustments to the contract and regulations of the Financial Services Authority (OJK) with the legitimacy of the DSN-MUI.
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