5 research outputs found

    FAITH-BASED MEDIATION: A COMPARATIVE PERSPECTIVE ON THE APPLICATION OF SULH AND HO’OPONOPONO

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    The application of mediation can be traced in many culture and tradition across the world. Closely related to the faith of the people, mediation has essential roles in resolving disputes among the members of the society. While the faith-based mediation of Ho’oponopono is famous in Hawaii, the faith-based mediation of Sulh is famous among Muslims in South East Asia. The dispute resolution strategies which are used in Ho’oponopono and Sulh are comparatively analysed in this research. The practices of Sulh are evaluated based on empirical findings collected from Pasir Mas (Kelantan, Malaysia) and Indragiri Hilir (Riau, Indonesia). Meanwhile, the qualitative findings on practices of Ho’oponopono are collected from earlier researches that utilised empirical investigations. By employing a qualitative doctrinal analysis, this research identifies similarities and differences of faith- based mediations of Sulh and Ho’oponopono. At the same time, the said faith-based mediations’ potentials and challenges are explored. Focusing on an expeditious resolution, it is found that faith-based mediations are still applied among the members of the society in Malaysia, Indonesia and Hawaii

    The application of artificial intelligence in metaverse: a new challenge on personal data protection in the financial system

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    This chapter aims to examine and evaluate new challenges of personal data protection in the financial system as a result of the application of artificial intelligence in metaverse. This evaluation is critical since this advanced technology is yet to be regulated by the relevant financial authorities. Nowadays, there are already a number of issues relating to personal data protection in the financial system that needed comprehensive resolutions. In this research, qualitative and normative legal research methods are referred to and used. Additionally, content analysis from literature review and descriptive analysis are utilized in the course of finding relevant data. From this research, it is discovered that there is the possibility that the application of metaverse and artificial intelligence may decrease the level of privacy and protection of personal data of users. At the same time, they can cause substantial impact and influence for a long-term economic sustainability, especially within the financial system. Furthermore, there are no available laws and policy that are in place to regulate matters of privacy and personal data protection when it comes to the application of artificial intelligence as well as in the metaverse. This research also highlights the legal approaches that are taken by the European Union Commission (EU) in dealing with the application of artificial intelligence

    Application of artificial intelligence in metaverse: evaluating new challenges on personal data protection in relation to financial system

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    This article aims to examine and evaluate new challenges of personal data protection in the financial system as a result of the application of artificial intelligence in metaverse. This evaluation is critical since this advanced technology is yet to be regulated by the relevant financial authorities. Nowadays, there are already a number of issues relating to personal data protection in the financial system which needed comprehensive resolutions. In this research, qualitative and normative legal research methods are referred to and used. Additionally, content analysis from literature review and descriptive analysis are utilised in the course of finding relevant data. From this research, it is discovered that there is the possibility that the application of metaverse and artificial intelligence may decrease the level of privacy and protection on personal data of users. At the same time, they can cause a substantial impact and influence for a long-term economic sustainability, especially within the financial system. Furthermore, there is no available laws and policy that are in place to regulate matters of privacy and personal data protection when come to the application of artificial intelligence as well as in the metaverse. This research also highlights the legal approaches that are taken by the European Unions (EU) in dealing with the application of artificial intelligence

    The Policies of Conventional Financial Institutions in Implementing Sharia Financial Institutions Procedures in Aceh

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    With the implementation of Aceh Qanun Number 11 Year 2018 on Islamic Financial Institutions in Aceh, this article aims to identify and explain the policies that have been implemented by conventional banks and conventional insurance, as well as the impacts and challenges that have arisen in conventional banks and insurance. An empirical juridical methodology was used to conduct this research. Primary and secondary data are mainly composed of the research's data. Primary data was gathered through field research on Aceh's conventional banking and insurance financial services sector and its offices center in Jakarta. The study's findings demonstrated that the financial services sector (IJK), the study's subject, has adopted a number of policies. IJK, which already has a Sharia network subsidiary in Aceh, entirely discontinued all of its conventional activities and customer-facing policies, and subsequently transitioned its customers to be under its subsidiary businesses. According to its employment, employees had the alternative of being transferred to the nearest branch office, being permanently laid off, or being laid off and given the chance to join the subsidiary as employees while assets were gradually transferred to the subsidiary. The first challenge in implementing the Islamic Financial Institutions (LKS) Qanun is the high cost of conversion, followed by the short conversion period specified in the Qanun, the Financial Services Authority (OJK's role) as the regulator that continuously monitors and supports the conversion preparation process, and the IJK process that has ceased operations in Aceh
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