Analysis reveals evolving legal certainty in dispute resolutions within the Sharia capital market, suggesting improved compliance with Islamic principles.
Key Points
Legal certainty remains a challenge in Indonesia's Sharia capital market, particularly regarding procedural clarity and institutional authority.
The normative juridical approach indicates a need for harmony between positive law and Islamic values in dispute resolution mechanisms.
The roles of the Financial Services Authority (OJK), Indonesian Ulema Council (MUI), and Basyarnas are critical for investor rights protection.
An integrated regulatory framework is necessary for enhancing legal certainty and transparency in the Sharia capital market.
Cite This Study
Novea Elysa Wardhani (2025) studied this question.