Vol 5 No 2 (2019): June
Business Law

Role of Financial Service Authorities on Legal Protection of The Sharia Banks Customers in Indonesia

Sri Astutik
Faculty of Law, Dr. Soetomo University, Indonesia *

(*) Corresponding Author


Picture in here are illustration from public domain image or provided by the author, as part of their works
Published June 4, 2019
Keywords
  • Financial Servis Authorities,
  • Legal Protection,
  • Customers
How to Cite
Astutik , S. (2019). Role of Financial Service Authorities on Legal Protection of The Sharia Banks Customers in Indonesia. Rechtsidee, 5(2), 10.21070/jihr.v5i2.66. https://doi.org/10.21070/jihr.v5i2.66
 

Abstract

Sharia Bank  is a bank that runs its business activities based on sharia principles, in the collection of funds and the distribution of funds, in order to serve the needs of society and improve the standard of living of the people. Various banking problems,  such  as not yet optimal protection of consumer financial services (bank customers), therefore it is necessary to supervise the operational banking activities. The purpose of bank supervision is to protect the interest of the savers who entrust their funds to the bank. Based in Law Number 21 of 2011 on the Authority of Financial Services, the arrangement and supervision of financial institutions becomes the authority of the Financial Services Authority. This supervision is also applied to banks with sharia  principles. In this paper will discuss  the Financial Services Authority oversight in the application of the principle of legal protection for customers in sharia banks.

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