OJK Boss Calls Illegal Loans To Judols To Be Haram Children In Digital Finance

President Director of OJK Mahendra Siregar (Photo: Antara)

JAKARTA - Chairman of the Board of Commissioners of the Financial Services Authority (OJK) Mahendra Siregar said that the public should remain alert to illegal online loans (pinjol), fraudulent investments, and online gambling (judol) which are haram children from digitizing the financial services sector.

According to Mahendra, digitalization in the financial services sector is like a double-edged sword. That is, it can facilitate access, encourage financial inclusion and deepen financial markets, but the other side can bring potential risks that are detrimental to the country.

"We often hear of victims from illegal online loans, from fraudulent investments, how the influence of online gambling if you want to say is a haram child from digital finance," Mahendra said in BUNDAKU Financial Education, Tuesday, June 25.

Mahendra said that his party could not avoid the dangers of digitalization. However, OJK will continue to be committed to strengthening resilience or community resilience through financial literacy and inclusion. This is a basis for increasing literacy for the entire community.

"We are ready to fully support all programs related to financial literacy. And in this case, specifically make BUNDAKU (Mother and Family of Financial Caps), as a basis for us to expand the community massively in programs to increase literacy for all nations and our country," he said.

Mahendra conveyed that based on the record number of lending to MSME financing, the level of return compliance is much higher if given to women. In addition, by providing literacy and inclusion access to women, it means increasing resilience resistance to family members and this must be a priority.

"Basis is among other things the most important thing is mother. This is an addition, benefits, uses and multiplayers of effect, if a strengthening of literacy and inclusion is carried out from mothers. So, all resilience occurs to all families in addition to the previous compliance to repay financing and credit," he said.