ANALYSIS OF LEGAL PROTECTION OF SUKUK HOLDERS AGAINST THE RISK OF ISSUERS THAT EXPERIENCE DEFAULT POSITIVE LEGAL PERSPECTIVE

Maranda Sukma Mufatzizah, Abdul Mujib, Siti Nurchahyanti

Abstract


Sukuk provide opportunities for the public to make long-term investments, issuance of sukuk can benefit in proportion to the profit sharing. Thus, there is a need for risk management and legal protection for sukuk holders. This study aims to find out clearly related to the regulations that cover sukuk holders against PT Berlian Laju Tanker (issuer) which has failed to pay its principal funds or margin/fees. The method in this study is normative juridical which is carried out by examining library materials or secondary materials. This study uses a qualitative data analysis method which is presented descriptively, namely by describing a policy related to the analysis of legal protection for sukuk holders against the risk of issuers failing to pay. Based on the findings of this study, investors holding sukuk can learn more about companies that issue sukuk so that it is possible to better evaluate the value of returns and control the risks associated with their ownership. Availability of information aimed at reducing default by issuers and increasing capital market efficiency. This research concludes that PT Berlian Laju Tanker sukuk holders are given two different types of legal protection, namely preventive legal protection and repressive legal protection.


Keywords


Legal Protection, Sukuk, Default

Full Text:

PDF

References


Abadi, Syehni Rizky Putra. “Perlindungan Hukum Bagi Investor Pemegang Obligasi Perusahaan Yang Diterbitkan OLeh Badan Usaha Milik Swata (BUMS) Terhadap Risiko Gagal Bayar.” Novum: Jurnal Hukum 1, no. 1 (2014): 1–11.

Aini, Nur, and H Ahmad Luthfi. “Analisis Peran Sukuk Dalam Perkembangan Keuangan Syariah.” Al-Mizan: Jurnal Ekonomi Syariah 2, no. 2 (2019): 29–50.

Amertha, Nevada Della Mena. “Obligasi Syariah Di Indonesia: Studi Terhadap Jenis Dan Penerapan Akad Serta Perlindungan Bagi Investor.” Skripsi. Universitas Islam Indonesia, 2017.

Anggelina, Putri Dewi, and Hendrawati. “Tinjauan Sukuk Ijarah Dan Mudharabah Dari Segi Regulasi Dan Akuntabilitas Dengan Menggunakan PSAK 110 (Perusahaan Penerbit Sukuk Yang Terdaftar Dalam Data Statistik Sukuk Otoritas Jasa Keuangan TAhun 2019),” 2020.

Asror, M Khozinul, and Nita Triana. “Perlindungan Hukum Wakif Bagi Pemegang Wakaf Sukuk Ritel Terhadap Resiko Gagal Bayar.” Menara Ilmu XVII, no. 01 (2023): 72–77.

Berlian, P T, and Laju Tanker. “Prospektus Penawaran Umum Terbatas V Kepada Para Pemegang Saham Perser Dalam Rangka Penerbitan Hak Memesan Efek Terlebih Dahulu,” 2006. https://idnfinancials.s3-ap-southeast-1.amazonaws.com/prospectus/IPO-Rights-Issue/BLTA/2010_BLTA_Penawaran Umum Terbatas V Dengan Hak Memesan Efek Terlebih Dahulu.pdf.

“Dosen Aktif Di Universitas Islam Negeri Sunan Kalijaga Yogyakarta,” n.d.

Fadllan, Fadllan. “Obligasi Syariah; Antara Konsep Dan Implementasinya.” Iqtishadia Jurnal Ekonomi & Perbankan Syariah 1, no. 2 (2014): 163. https://doi.org/10.19105/iqtishadia.v1i2.479.

Fasa, Muhammad Iqbal. “Sukuk : Teori Dan Implementasi.” Li Falah: Jurnal Studi Ekonomi Dan Bisnis Islam 1, no. 1 (2016): 80. https://doi.org/10.31332/lifalah.v1i1.476.

Handayani, Pristika. “Analisis Hukum Terhadap Penerbitan Surat Berharga Syariah Negara (Sukuk) Berdasarkan Undang-Undang No 19 Tahun 2008.” Fakultas Hukum UNRIKA Batam, no. 19 (2013): 1–9.

Ismiati, Ayun. “Pengaruh Umur Sukuk, Ukuran Perusahaan, Sinking Fund Dan Profitabilitas Terhadap Rating Obligasi Syariah (Studi Empiris Pada Perusahaan Yang Menerbitkan Sukuk Di Bursa Efek Indonesia Periode 2012 - 2017),” 2019. http://jp.feb.unsoed.ac.id/index.php/akuntable/article/view/529.

Leli, Maisarah. “Transaksi Obligasi Syariah (Tinjauan Transaksi Obligasi Menurut Prinsip-Prinsip Syariah).” Juris(Jurnal Ilmiah Syariah) 16, no. 1 (2017): 53. https://doi.org/10.31958/juris.v16i1.960.

Lestari, Lutfi Bangun, Universitas Islam, Indonesia Yogyakarta, and Article History. “Analisis Tentang Penerapan Akad Ijarah Dan Penyebab Gagal Bayar (Default) Sukuk Ijarah (Studi Kasus Pada Pt. X)” 1, no. 1 (2022): 64–77.

“Mahasiswa Aktif Universitas Al Azhar Kairo Mesir,” n.d.

“Mahasiswa Aktif Universitas Islam Negeri Sunan Kalijaga Yogyakarta,” n.d.

Mahfuzoh, Amini, and Nurma Khusna Khanifa. “Perlindungan Hukum Investor Bagi Pemegang Sukuk Ritel Terhadap Risiko Gagal Bayar.” Syariati 5, no. 01 (2019): 81–92. https://doi.org/10.32699/syariati.v5i01.1187.

Maula Nasrifah. “Sukuk (Obligasi Syariah) Dalam Perspektif Keuangan Islam.” Asy-Syari’ah : Jurnal Hukum Islam 5, no. 2 (2019): 165–79. https://doi.org/10.36835/assyariah.v5i2.120.

Muchtar, Henni. “Analisis Yuridis Normatif Sinkronisasi Peraturan Daerah Dengan Hak Asasi Manusia.” Humanus 14, no. 1 (2015): 80. https://doi.org/10.24036/jh.v14i1.5405.

“POJK No.18/POJK.04/2015 Tentang Penerbitan Dan Persyaratan Sukuk,” 23, 2015. http://www.ojk.go.id/id/kanal/iknb/regulasi/lembaga-keuangan-mikro/peraturan-ojk/Documents/SAL-POJK PERIZINAN FINAL F.pdf.

Prasetio, Dicky Ageng. “Analisis Faktor-Faktor Makro Ekonomi Yang Mempengaruhi Fee Ijarah Default Sukuk PT Berlian Laju Tanker.” Universitas Islam Negeri Syarif Hidayatullah, 2013.

Putri, Novta Rizki askohar. “Pelindungan Hukum Bagi Investor Pemengang Obligasi Syariah (Sukuk) Mudharabah Terhadap Resiko Gagal Bayar (Default).” Universitas Brawijaya, 2018.

Shahimi, S, Hafizi Ab Majid, and Mhsb Abdullah. “Predicting Probability of Defaults: A Case Study of the Malaysian Sukuk Market.” … Ekonomi Malaysia Ke-9 … 72, no. 72 (2013): 1–35. https://www.ukm.my/fep/perkem/pdf/perkem2014/PERKEM_2014_3A1.pdf.

Siva Nur Azahro, Budiharto, Hendro Saptono. “Diponegoro Law Review Pasar Modal Memberikan.” Diponegoro Law Review 5, no. 2 (2016): 1–12.

Titisari, F. “Analisa Yuridis Prinsip Transparansi Oleh Emiten Obligasi Sebagai Upaya Perlindungan Hukum Investor Dalam Hal Mencegah Terjadinya Gagal Bayar.” Universitas Brawijaya, 2018. http://repository.ub.ac.id/163215/.

Undang-Undang Republik Indonesia Nomor 19 Tahun 2008 Tentang Surat Berharga Syariah Negara, 2008.

Widyanto, Handoyo. “Analisis Faktor Penyebab Gagal Bayar Obligasi Syariah Sukuk Ijarah Pt Berlian Laju Tanker.” Majalah Ilmiah Bahari Jogja 16, no. 1 (2018): 65–89. http://jurnal.stimaryo.ac.id/index.php/MIBJ/article/view/140.

Witami, Yuska Supra. “Pengarush Rasio Keuangan, Struaktur Sukuk Dan Corporate Governance Terhadap Rating Sukuk Program Pascasarjana ( PPs ) Universitas Islam Negeri Raden Intan Lampung 1440 H / 2020 M.” Universitas Raden Intan Lampung, 2020.




DOI: http://dx.doi.org/10.24014/jhi.v23i1.20711

Refbacks

  • There are currently no refbacks.


Index By:

       

                                                               

Hukum Islam (Print- ISSN: 1411-8041) and (E-ISSN : 2443-0609)

Published by Faculty of Sharia and Law  State Islamic University Of Sultan Syarif Kasim Riau

Mailing Adress: Universitas Islam Negeri Sultan Syarif Kasim Riau
H. R. Soebrantas Street, No.155 KM 18, Kelurahan Tuah Madani, Kecamatan Tuah Madani
Pekanbaru - Riau, 28293

This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.