Jurnal IUS (Kajian Hukum dan Keadilan)
Vol. 10 No. 2: August 2022 : Jurnal IUS Kajian Hukum dan Keadilan

Principle 5 C in The Practice of Peer to Peer Lending (P2P) Financial Technology in The Perspective of Business Ethics and Islamic Justice

Hesti Dwi Astuti (Universitas Suryakancana)
Cucu Sholihah (Universitas Suryakancana)
Mualimin Mochammad Sahid (Universiti Sains Islam Malaysia (USIM))
Abu Umar Faruq Ahmad (Universiti Brunei Darussalam)
Yayan Sopyan (Fakultas Syariah dan Hukum UIN Syarif Hidayatullah Jakarta)
Uus Ahmad Husaeni (Fakultas Ekonomi dan Bisnis Islam Universitas Suryakancana)

Article Info

Publish Date
31 Aug 2022


Non-bank financial service actors in the era of the COVID-19 pandemic made a breakthrough by creating fintech (Financial technology) through the development of Peer Peer Lending (P2P) or online loans. The purpose of this study is to analyze the implementation of 5C principles in the practice of peer-to-peer lending Fintech based on a review of Islamic business ethics. The method used in this research is a normative juridical approach with a descriptive research approach. The data that has been obtained will be arranged systematically for further qualitative analysis. This study concludes that principles and business ethics must be considered with the concept of “The Five C’s Principle of Credit Analysis” in either conventional or sharia systems. In the case of customers who choose a sharia online loan system, they must also pay attention to the ethical aspects of financial business in Islam, which is something that must be considered considering that in Islam, ethical issues are related to the determination of economic policies that will affect the halalness of service and the agreement of the parties. 

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Law, Crime, Criminology & Criminal Justice


Jurnal IUS established December 2012, is an institution that focuses on journal development for post graduate students and all law activists in general and specialised topics. Journal IUS publishes three times a year and articles are based on research with specific themes. Jurnal IUS was founded ...