Politics of Sharia Banking Law in Indonesia
DOI:
https://doi.org/10.35335/legal.v11i2.326Keywords:
Conventional Banks, Islamic Banks, Legal PoliticsAbstract
Basically, Islamic banks have the same function as conventional banks, namely as intermediate institutions that carry out their functions by collecting funds from the public, managing them, then channeling them back to people in need in the form of loans, but of course the government will not establish Islamic bank institutions if basically their functions are will be the same as conventional banks. The purpose of this study was to determine the role of legal politics on the development of Islamic banking in Indonesia. This research was structured using descriptive analysis method using a form of library research, with a detailed description of the existing facts, both in the form of secondary data, primary legal materials, and tertiary legal materials. Based on the research findings, it can be concluded that the development of Islamic banking. This can be proven by the gradual start of sharia banking regulations from when it was still a profit-sharing bank in Law Number 7 of 1992. This was further strengthened in Law Number 10 of 1998 with the term bank operating according to sharia principles. Until finally confirmed independently in Law No. 21 of 2008
Downloads
References
Barlinti, YS (2012). The Urgency of Fatwa and Fatwa Institutions in Sharia Economics. Journal of Law & Development, 42(1), 92–121.
Dewi, G. (2020). Legal aspects of Islamic banking and insurance in Indonesia.
Gayo, AA, & Taufik, AI (2012). The Position of the Fatwa of the National Sharia Council of the Indonesian Ulema Council in Encouraging the Development of the Sharia Banking Business (Islamic Banking Law Perspective). Journal of Rechts Vinding: National Law Development Media, 1(2), 257–275.
Handayani, P. (2012). Legal Analysis of the Issuance of State Sharia Securities (Sukuk) Based on Law no. 19 of 2008. Journal of Dimensions, 1(2).
Hasnita, N. (2012). Politics of sharia economic law in Indonesia. LEGITIMACY: Journal of Criminal Law and Legal Politics, 1(2), 108–124.
Hutabarat, DTH, Salam, A., Zuwandana, A., Al Azmi, C., Wijaya, CR, Darnita, Tania, I., Lubis, LKA, Sitorus, MAP, Adawiyah, R., & Sinaga, R. ( 2022). Analysis Of The Implementation Of Law In Every Level Of Society In Indonesia. Policy, Law, Notary and Regulatory Issues (POLRI), 1(2), 9–14. https://doi.org/https://doi.org/10.55047/polri.v1i2.80
Indriana, A., & Halim, A. (2020). Politics of Sharia Economic Law in Indonesia. El-Wasathiya: Journal of Religious Studies, 8(1), 79–98.
Irawan, M. (2018). Politics of Sharia Economic Law in the Development of Islamic Financial Institutions in Indonesia. Journal of Legal Media, 25(1), 10–21.
Juwana, H. (2005). Law Politics of Law in the Economic Sector in Indonesia. Journal of Law, 1(1).
Klein, DE (2002). Making law in the United States courts of appeals. Cambridge University Press.
MUI, DSN (2001). Investment Implementation Guidelines for Sharia Mutual Funds. Retrieved March, 1, 2019.
Muqorobin, A., & Cahyo, EN (2019). Parameters for Development of Islamic Banking Products Using the Maqasid Syariah Approach. Journal of Islamic Economics, Univ. Darussalam Gontor, 5(2).
Conscience, N. (2011). The Effectiveness of the Sharia Banking Legal System in Law No. 21 of 2008 and Its Impact on Economic Development. Journal of Islamic Economics and Finance, 207–216.
Rachman, AF (2019). Legal Politics of Regulation of the Village Representative Body (Comparative Study between BPD according to Law No. 32 of 2004 with Law No. 6 of 2014).
Sulaiman, KF (2017). Model of Community Participation in Formation of Regional Regulations according to the Law of the Republic of Indonesia Number 23 of 2014 concerning Regional Government. Legal Perspectives, 167–185.
Umam, K. (2017). Prohibition of Riba and Application of Sharia Principles in the Banking Legal System in Indonesia. Pulpit of Law-Faculty of Law, Gadjah Mada University, 29(3), 391–412.
Wahid, N. (2021). Islamic Banking: An Overview of Normative Law and Positive Law. Prenada Media.
