%A NIM.: 22203012003 Sodikin S.H.
%O Dr. Abdul Mughits , S.Ag.,M.Ag.
%T STUDI KOMPARATIF PENGAWASAN OLEH OTORITAS JASA KEUANGAN DAN DINAS KOPERASI TERHADAP LEMBAGA KEUANGAN MIKRO SYARIAH DI D.I YOGYAKARTA
%X In recent years, the growth of Islamic financial institutions—particularly
on a micro scale such as Baitul Maal wat Tamwil (BMT)—has significantly
increased and expanded into remote rural areas. BMT functions as a sharia-based
microfinance institution that integrates both social (maal) and commercial
(tamwil) roles to empower the economy of lower-income communities. However,
this rapid development has not been matched by adequate regulation and
supervision. The dual oversight between the Financial Services Authority (OJK)
and the Cooperative Office (DINKOP), coupled with the suboptimal
implementation of Law Number 1 of 2013 concerning Microfinance Institutions,
has led to legal ambiguity, weak supervision, and non-compliance by BMTs with
formal legal requirements. Based on these issues, this study formulates three main
research questions: (1) How is the supervisory practice carried out by OJK and
DINKOP on Sharia Microfinance Institutions (LKMS) with cooperative legal
status in the Special Region of Yogyakarta? (2) How does the effectiveness of
supervision compare between the two institutions? (3) What is the appropriate
supervisory model in accordance with existing laws and regulations for LKMS in
Indonesia?
This research is a field study using an empirical juridical approach. Data
were obtained through direct observation, interviews with relevant stakeholders,
and documentation of regulations and policies governing sharia microfinance
institutions, particularly those with cooperative legal status. The study focuses on
the Special Region of Yogyakarta, one of the regions with a significant number of
KJKS BMTs, where OJK’s supervisory role remains very limited.
The findings reveal that supervision by OJK, as regulated under Law
Number 1 of 2013 on Microfinance Institutions, has not been optimally
implemented, as only a small portion of LKMS are officially registered and
supervised. Meanwhile, DINKOP's oversight is more developmental and lacks
strict sanctions, making it less effective in addressing legal violations. The low
level of legal awareness among KJKS BMT managers is one of the key factors
contributing to weak regulatory compliance. As a solution, the government has
enacted Law Number 4 of 2023 concerning the Development and Strengthening
of the Financial Sector. This study recommends an integrated supervisory model
that emphasizes collaboration between OJK and DINKOP, with a focus on
strengthening regulations and enhancing legal literacy among KJKS BMT
managers to create a more effective and equitable oversight system.
%K Pengawasan Keuangan, LKMS, OJK
%D 2025
%I UIN SUNAN KALIJAGA YOGYAKARTA
%L digilib74275