Islam and the State: The Evolution of Sharia Banking Regulation in Indonesia

Hidayah, Nur; Haryatih, Haryatih; Kamilah, Rihadatul Aisy

Article Details

Islam and the State: The Evolution of Sharia Banking Regulation in Indonesia

Authors:

Hidayah, Nur | Haryatih, Haryatih | Kamilah, Rihadatul Aisy

Publisher:

Fakultas Syariah UINSI Samarinda

Main Topics:

Religion | Law, Crime, Criminology & Criminal Justice

Journal:

Mazahib: Jurnal Pemikiran Hukum Islam Vol.23 Issue 2, pp.0-0

Document Type:

Article

Publication Date:

1/2024

Document Language:

English

Document ID (Org No.):

2001863475

pISSN:

1829-9067

Abstract:

 The interplay of social, economic, and political dynamics influences the legal development of Sharia banking regulations. This study aims to analyze the evolution of Sharia banking regulations in Indonesia from their inception to the most recent developments. Using a juridical-legal approach, the research identifies five key phases in the development of Sharia banking regulations in Indonesia: initial, introduction, recognition, purification, and relaxation phases. Such regulatory changes have resulted from the negotiations among various stakeholders to reconcile the ideals of Sharia finance with the pragmatic needs of the banking industry, as well as the interest in strengthening the national financial system. Such legal development of Sharia banking regulations in Indonesia reflects the adaptability of Islamic law, enabling Sharia finance to evolve in response to societal changes and contextual dynamics while remaining grounded in the ethical principles of the Islamic moral economy.

Article Details

Islam and the State: The Evolution of Sharia Banking Regulation in Indonesia

Authors: Hidayah, Nur | Haryatih, Haryatih | Kamilah, Rihadatul Aisy

Publisher: Fakultas Syariah UINSI Samarinda

Main Topics: Religion | Law, Crime, Criminology & Criminal Justice

Journal: Mazahib: Jurnal Pemikiran Hukum Islam Vol.23 Issue 2, pp.0-0

Document Type: Article

Publication Date: 1/2024

Document Language: English

Document ID (Org No.): 2001863475

pISSN: 1829-9067

Issues

Authors:

Hidayah, Nur | Haryatih, Haryatih | Kamilah, Rihadatul Aisy

Publisher:

Fakultas Syariah UINSI Samarinda

Main Topics:

Religion | Law, Crime, Criminology & Criminal Justice

Journal:

Mazahib: Jurnal Pemikiran Hukum Islam Vol.23 Issue 2, pp.0-0

Document Type:

Article

Publication Date:

1/2024

Document Language:

English

Document ID (Org No.):

2001863475

pISSN:

1829-9067