Terms & Conditions

TERMS AND CONDITION

This page is about Terms and Conditions regarding the rules, guidelines, notifications, policies, and instructions, related to the use and service of this Platform. If there is any change in this Terms and Conditions, we will publish it through the Platform and it is expectable that Users will carefully read any change.

DEFINITION

FUNDING THRESHOLD

LPBBTI has a maximum limit for disbursement and funding acceptance, amounting to Rp2.000.000.000 (two billion Rupiah) and/or any other maximum amount based on the regulations stipulated by the Financial Services Authority (OJK) and its subsequent amendments from time to time.

PLATFORM LICENSE

ALAMI platform has been certified by the Ministry of Communication and Information of the Republic of Indonesia with registration number 01185/DJAI.PSE/10/2018 and has obtained a license from the Financial Services Authority (OJK) with license number KEP-21/D.05/2020 and has implemented the ISO 27001:2013 standard as ALAMI's commitment to safeguarding and maintaining the security of User information.

PLATFORM USER REQUIREMENT

1. Users are at least 18 years old , not under conservatorship, and have the legal capacity, rights, power and authority to agree to the terms of use of ALAMI Platform and the applicable laws;
2. The User is declared legally capable and/or mumayyiz in acting fully so that every action can be accounted for;
3. The User uses the ALAMI Platform in good faith to achieve the pleasure of Allah without any bad intentions which is the background of the User's actions.;
4. The User does not use this Platform for activities that violate the Sharia and/or applicable laws and regulations;
5. The User agrees to the Terms and Conditions and other rules published on the ALAMI Platform (including the Privacy Policy).

TYPES, PROCEDURES AND TERMS OF SHARIA FUNDING SERVICES

Please visit ALAMI's FAQ page to find out the types, procedures and terms of Sharia Funding services from ALAMI.

PROHIBITED ACTS

1. Users are prohibited from accessing, collecting, and/or downloading any data/materials from the Platform with/without using automated program means for any activities or purposes that violate Sharia and/or applicable laws and regulations;
2. Users are prohibited from uploading, publishing, sending emails and providing advertisements, promotions, junk mail, spam, and/or other forms for commercial or non-commercial interests to the ALAMI Platform, ALAMI Platform Users, and/or other parties who have special interests with ALAMI;
3. Users are prohibited from unauthorized accessing, hacking, blocking, disrupting, disabling, overburdening or interfering with the proper working or appearance of the site or the Services, which includes but is not limited to denial of service, spoof attacks, session hacking, reverse engineering interference, programming rework, or exploit any drama technique to attach any content or other proprietary information;
4. Users are prohibited from posting any material and data that contains viruses or other malicious or similar computer code, files or programs designed to interrupt, affect, damage or limit the functionality of any software or computer hardware or telecommunications equipment;
5. Users are prohibited from asking for passwords, collecting email addresses or other personal data from Users of the site, site content and services via electronic or other means for the purpose of sending e-mails or other unsolicited communications or attempts to enter into any loan transactions with members. outside the service, or any commercial or unlawful purposes;
6. Users are prohibited from impersonating any person or entity, or misrepresenting or misrepresenting yourself, or your age or your affiliation with or authority to act on behalf of any person or entity, or creating a false identity on the ALAMI Platform or website.
7. Users are prohibited from taking any other actions that adversely affect the Platform and other ALAMI facilities.

Anti-Money Laundering, Combating the Financing of Terrorism, and Combating the Financing of Proliferation of Weapons of Mass Destruction Programs

1. Users confirm the data/information can be held accountable in accordance with POJK No. 8/2023 concerning the Implementation of Anti-Money Laundering, Combating the Financing of Terrorism, and Combating the Financing of Proliferation of Weapons of Mass Destruction Programs in the Financial Services Sector and its amendment in the future ("POJK APU/PPT/PPPSPM").
2. Account opening is intended for the relevant personal user or does not represent another party. Users do not trade accounts to other parties and/or use the account for purposes and/or unlawful activities.
3. Funder agrees that ALAMI can provide data and/or information including but not limited to the personal data in the context of fulfilling the regulations, including the regulation related Anti-Money Laundering, Combating the Financing of Terrorism, and Combating the Financing of Proliferation of Weapons of Mass Destruction Programs.
4. Funder acknowledges and agrees that ALAMI will conduct the record keeping of personal data documents according to data retention period (according to POJK APU/PPT/PPPSPM).
5. ALAMI may refuse, cancel, and/or terminate business relationship with Beneficiary if there is a discrepancy with the terms and conditions of ALAMI application (according to POJK APU/PPT/PPPSPM).

TERMS OF USER’S DATA AND PRIVACY

All provisions regarding use of personal data and privacy can be viewed in detail on the Privacy Policy and Cookie Policy page.

LIMITATION OF RESPONSIBILITY AND DISCLAIMER

1. The user acknowledges and is aware of all risks associated with transactions in Technology-Based Collaborative Funding Services:
   1. In the event of any delay in repayment, non-repayment, and/or losses that may arise from transactions desired and conducted by the User on the ALAMI Platform; and/or
   2. In the case of involvement, errors, negligence, and/or actions contrary to the regulations in the financial services sector committed by the User;
   The risks arising therefrom shall be fully borne by the User. ALAMI shall only be liable for negligence or errors caused by ALAMI as the Organizer that result in losses to the Investor.
2. User knows and declares that ALAMI is only responsible as the provider of Information Technology-Based Joint Funding Service in accordance with sharia provisions and related laws and regulations;
3. Users must understand the transactions and the contents of the Information Technology-Based Joint Funding Service agreement, including the upper limit of Funding facilities adjusted to the User's capability to conduct transactions.
4. The User guarantees the authenticity and validity of all documents and/or information provided to ALAMI. In the event of any forgery of documents, information, and/or other criminal acts committed by the User, the Service Provider may take legal action, including pursuing the mentioned actions with the appropriate authorities;
5. User funds in an Escrow Account opened by ALAMI through the cooperation of a third party will not be considered as deposits held by ALAMI in accordance with the laws regarding Banking in Indonesia;
6. All content and/or materials available on ALAMI Platform are only limited to providing information and not an offer, request, invitation, suggestion, or recommendation to provide Funding;
7. If on ALAMI Platform there are links and/or references to other party's websites, ALAMI is not responsible for any content and/or impacts caused by those websites;
8. ALAMI is not responsible for acts that violate state and/or Sharia laws committed by Users with/without using the ALAMI Platform and/or the facilities contained therein.

RIGHTS TO ALAMI INTELLECTUAL PROPERTY

1. ALAMI logos, icons, designs, graphic images, domain site names, texts and service names belonging to ALAMI are ALAMI's trademarks that have been licensed and protected by ALAMI and other related parties;
2. Users are only granted limited permission in connection with ALAMI's Trademarks to download and/or print a copy of any part of the site content provided that the User always maintains all copyrights, uses it for good according to Sharia, and notifies the ownership of the Trademark.
3. Users are prohibited from using the limited license for other purposes that violate the Sharia and/or the applicable laws and regulations

FORCE MAJEURE

1. ALAMI is not responsible for system crashes resulting from things beyond ALAMI's control, such as unavoidable accidents, earthquakes, floods, landslides, volcanic eruptions, epidemics, pandemics, fires, wars, riots , revolution, chaos caused by economic, political, social conditions, rebellion, unconstitutional government changes, changes in laws and regulations and changes in government policies in the economic and monetary fields that directly affect ALAMI, public utility problems (including electricity, telecommunications or internet network failure) regardless of the possibility that situations can be foreseen;
2. Neither party is liable for the loss of performance a system as a result of the things caused by the Force Majeur;
3. ALAMI will do everything possible to overcome the breakdown in system performance and minimize the consequences of the Force Majeur without ignoring the rights of each party contained therein. in these terms and conditions in any form.

SEVERABILITY

If one or part of these Terms and Conditions is declared invalid or unenforceable under the law or other relevant legal regulations, then that part is deemed not to be part of these Terms and Conditions and will not affect other parts of these Terms and Conditions. Changes will only be made in relation to the Terms and Conditions that occur in such a case.

TAXATION

ALAMI is subject to and complies with the applicable tax provisions in Indonesia, including provisions regarding Income Tax (PPh) on return and Value-Added Tax (PPn/VAT) on Marketplace Fee, including to comply if ALAMI appointed as tax withholder.

DAMAGES

1. The User agrees that ALAMI may modify, update, suspend, terminate and/or discontinue all content on ALAMI Platform.
2. The User agrees and acknowledges to release ALAMI, its affiliates, shareholders, directors, commissioners, employees, agents , the vendor for all claims and responsibilities as well as requests / statements for direct or indirect losses arising from: Use of the site, site content, Services, both from ALAMI parties and other parties related to ALAMI, including but not limited to:
   1. User’s connection network to the site;
   2. User’s violation of the rights of another person or entity;
   3. Actions of any party who can access and/or use the site, site content, Services ALAMI or other parties related to using the User Name and/or password to enter the ALAMI Platform and/or other related parties;
   4. User’s violation of the Terms and Conditions set by ALAMI;
   5. User violation of Sharia provisions and related statutory provisions.

DOCUMENTS OR OTHER CONDITIONS APPLICABLE

Privacy Policy, Cookie Policy, and Principal Agreements and/or Contracts are other detailed Documents/Terms that also apply to the use of the ALAMI Platform and/or Services. If there is a conflict with these Terms and Conditions, then the other Documents/Conditions that apply in relation to the special aspects inherent in them.

CHANGES AND ERROR CORRECTION

1. If there are errors Typing words, wording, grammar and/or other documents carried out by ALAMI then it is agreed that ALAMI will correct it without incurring legal and/or financial liability and/or liability;
2. ALAMI reserves the right to change all provisions relating to the Platform, including but not limited to these Terms and Conditions including related to the Partner Bank providing the Funder's Fund Account without the User's prior consent and promptly update them on this Platform. Users are deemed to have understood and agreed to these changes and are encouraged to check this page if changes occur at any time.

APPLICABLE LAW AND JURISDICTION

All Terms and Conditions and other provisions stipulated in ALAMI Platform are interpreted and governed by the laws in force in the Republic of Indonesia. In the event of a dispute or other legal action arising in relation to ALAMI, it will be resolved within the exclusive jurisdiction of the South Jakarta District Court.

COMPLAINTS SERVICE

1. ALAMI, in its capacity as the sole proprietor and administrator of the ALAMI Platform, provides a complaints service to Users regarding the services of ALAMI Platform and/or User’s data, through the following address and contact information:
   • Address: Plaza 89, Kav.X7, Jl. H. R Rasuna Said No. 6, Kel. Karet, Kuningan, Kec. Setiabudi, Kota Adm. Jakarta Selatan, Prov. DKI Jakarta, 12940
   • Phone Number: 021-31116191
   • Instagram: @alamisharia
   • Or visit our FAQ page for more information.
2. ALAMI does not charge Users for the complaints service.