OMNIBUS LAW DALAM TINJAUAN HIFDZUL MAL

Abstract

The government has initiated the omnibus law nomenclature which was triggered by the overlapping and disharmonious implementation of laws and regulations regarding licencing in various sectors which aims at resolving business licencing constraints to lure investors and resolve taxation issues in Indonesia. However, the implementation of omnibus law needs to be reviewed on its benefits in perspective of maqashid syari’ah particularly hifdzul mal concept mainly related to the effectiveness of using the budget to create a conducive tax and investment climate. The qualitative method was used in this research. Descriptive-analytical method was then used to analyze collected data. The results showed that the purpose of establishing omnibus law is to fulfil an urgent need for a concise solution to conflicting laws and regulations, both vertically and horizontally for the benefits and consistency of such conflicting laws. Omnibus law is needed in order to maintain the stability of the State's economy (hifdzul mal) since it is time consuming and costly to address the laws one by one.