Analysis of the Dynamics of Sharia Economic Law Regulation in Indonesia

Helmi Fitriansyah(1*), Koko Komaruddin(2),


(1) UIN Sunan Gunung Djati Bandung
(2) UIN Sunan Gunung Djati Bandung
(*) Corresponding Author

Abstract


The regulation of Sharia economic law in Indonesia reflects the government’s commitment to aligning financial and economic systems with Islamic principles. These regulations aim to foster transparency, financial stability, consumer protection, and innovation in Sharia-compliant financial products and services. This study employs a literature review approach, analyzing Indonesian legislation, regulatory updates from the Financial Services Authority (OJK), and relevant academic literature to understand the dynamics and development of Sharia economic law. The findings highlight the dynamic evolution of Sharia economic law, driven by regulatory reforms and the growth of Islamic financial institutions. Key areas of focus include advancing Sharia financial technology (fintech), enhancing Sharia financial literacy, and strengthening international cooperation. Regulatory updates by OJK emphasize transparency, accountability, and consumer protection, while fostering innovation to meet complex market demands. Despite significant progress, challenges remain in implementing oversight mechanisms and integrating technological innovations. The development of specialized regulations covering areas like waqf, zakat, and Islamic banking underscores the dynamic interaction between societal demand and regulatory responses. Sharia economic law regulations in Indonesia play a pivotal role in national economic development.
Keywords: Sharia Economic Law, Regulation, Dynamics, Financial Technology.

Full Text:

PDF

References


Adam, P. (2018). Legislasi Hukum Ekonomi Syariah: Studi Tentang Produk Regulasi Hukum Ekonomi Syariah Di Indonesia. Tahkim (Jurnal Peradaban Dan Hukum Islam), 1(2).

Adinugraha, H. H. (2013). Norma dan Nilai dalam llmu Ekonomi Syariah. Jurnal Media Ekonomi & Teknologi Informasi, 2(1).

Agustian, K., Hejazziey, D., Zen, A., Sekarini, R. A., & Wiwin, W. (2023). Comparative analysis of ethical and legal principles in the islamic business management model. Journal of Contemporary Administration and Management (ADMAN), 1(2), 101–107.

Ahmad, K. (1991). Studies in Islamic Economics. Islamic Foundation.

Ahmad, K. (1992). Managing Economic Development: An Islamic Perspective. Islamic Development Review, 7(3), 45–52.

Ali, Z. (2008). Hukum Ekonomi Syariah. In Sinar Grafika. Sinar Grafika.

Antonio, M. S. (2001). Bank Syariah: Dari Teori ke Praktik. Gema Insani Press.

Arrasjid, C. (2008). Dasar-Dasar Ilmu Hukum. In Jakarta: Sinar Grafika (1st, Cet. 3 ed.).

Ascarya. (2006). Akad dan Produk Bank Syariah. Rajawali Pers.

Badriyah, S. M. (2022). Sistem Penemuan Hukum Dalam Masyarakat Prismatik (1st ed.). Sinar Grafika.

Barus, E. E. (2016). Tauhid Sebagai Fundamental Filsafah Ekonomi Islam. Jurnal Perspektif Ekonomi Darussalam, 2(1), 69–79. https://doi.org/https://doi.org/10.24815/jped.v2i1.6648

Chapra, M. U. (2000). The Future of Economics: An Islamic Perspective. Islamic Foundation.

Choudhury, M. A. (1983). Principles of Islamic economics. Middle Eastern Studies, 19(1), 93–103.

Hakim, A. A. (2011). Fiqh Perbankan Syariah Transformasi Fiqh Muamalah Ke Dalam Peraturan Perundang-Undangan. In Bandung: PT. Refika Aditama. Refika Aditama.

Hosen, N. (2003). Syariah and Constitutional Reform in Indonesia. Studia Islamika, 10(1), 23–47.

Imaniyati, N. S. (2009). Perkembangan Regulasi Perbankan Syariah. Bandung: Syiar Hukum, 1.

Iqbal, M., & Molyneux, P. (2005). Thirty Years of Islamic Banking: History, Performance, and Prospects. Palgrave Macmillan.

Jaiyeoba, H. B., Jamaludin, M. A., Busari, S. A., & Amuda, Y. J. (2024). The implications of Maqasid al-Shari’ah for integrated sustainability practices among businesses: a qualitative inquiry. Qualitative Research in Financial Markets.

Jamarudin, A. (2021). Principles of Islamic Economic Norms in the Qur’an perspective. Kodifikasia: Jurnal Penelitian Islam, Vol 15 No. 01 (2021), 159-170, 15(01), 159–170.

Karim, A. A. (2004). Ekonomi Islam: Suatu Kajian Kontemporer. Gema Insani Press.

Khair, A. (2018). Dinamika Penataan Regulasi Ekonomi Syarian. El-Mashlahah, 8(2).

KHES. (2011). Buku Kompilasi Hukum Ekonomi Syari’ah. Mahkamah Agung Republik Indonesia Direktorat Jenderal Badan Peradilan Agama.

Lattanzio, G. (2022). Beyond religion and culture: The economic consequences of the institutionalization of sharia law. Emerging Markets Review, 52, 100918.

Linda, S. A., Zufriani, Z., & Witro, D. (2021). Karakteristik Dan Hakekat Peraturan Perundang-Undangan Hukum Ekonomi Syariah. Al-Amwal: Journal of Islamic Economic Law, 6(1), 64–75.

Mahyudi, M. (2015). Reviving the Islamic economic system through shariah-based public policy. Humanomics, 31(4), 415–429.

Otoritas Jasa Keuangan (OJK). (2022). Survei Nasional Literasi dan Inklusi Keuangan Tahun 2022. https://www.ojk.go.id/id/berita-dan-kegiatan/siaran-pers/Pages/Survei-Nasional-Literasi-dan-Inklusi-Keuangan-Tahun-2022.aspx

Otoritas Jasa Keuangan (OJK). (2023). Statistik Perbankan Syariah - November 2023. https://www.ojk.go.id/id/kanal/syariah/data-dan-statistik/statistik-perbankan-syariah/Pages/Statistik-Perbankan-Syariah---November-2023.aspx

Perma No. 2. (2008). Peraturan Mahkamah Agung RI Nomor 2 tahun 2008 tentang Kompilasi Hukum Ekonomi Syariah.

Qiston, A. (2024). Dinamika Hierarki Peaturan Perundang-Undangan. HUMANI: Hukum Masa Kini, 1, No. 1. https://jurnal.asraindonesia.com/index.php/humani/article/view/2

Rasyid, F. A. (2016). Konfigurasi Politik Hukum Ekonomi Syariah Di Indonesia. Ijtihad: Jurnal Wacana Hukum Islam Dan Kemanusiaan, 16, No. 2(2), 297–315. https://doi.org/https://doi.org/10.18326/ijtihad.v16i2.297-315

Rivai, V., & Arifin, A. (2010). Islamic Banking: Sebuah Teori, Konsep, dan Aplikasi. Bumi Aksara.

Sa’diyah, H. T., Sitti Lailatul Hasanah, Abdul Mukti Thabrani, & Erie Hariyanto. (2021). Sejarah dan Kedudukan Kompilasi Hukum Ekonomi Syariah dalam Peraturan Mahkamah Agung Nomor 2 Tahun 2008 di Indonesia. Al-Huquq: Journal of Indonesian Islamic Economic Law, 3(1), 96–118. https://doi.org/10.19105/alhuquq.v3i1.3460

Setia, A. (2018). Reintegrating the legal into the social: reviving Islamic transactional law in the context of the civil economy, with special reference to Waqf. Law and Development Review, 11(1), 209–250.

Siddiqi, M. N. (1981). Some Aspects of the Islamic Economy. Islamic Foundation.

Siddiqi, M. N. (2004). Islamic Economics: Where From, Where To? Journal of King Abdulaziz University: Islamic Economics, 19(2), 57–71. https://iei.kau.edu.sa/Files/121/Files/153875_27-2-03-MNSiddiqi.pdf

Syarif, F. (2019). Perkembangan Hukum Ekonomi Syariah di Indonesia Artikel info Jurnal Ilmu Hukum LL-DIKTI Wilayah IX Sulawesi.

UU No. 7. (1992). Undang-Undang Republik Indonesia Nomor 7 Tahun 1992 tentang Perbankan.

UU No. 10. (1998). Undang-Undang Republik Indonesia Nomor 10 Tahun 1998 Tentang Perubahan Atas Undang-Undang Nomor 7 Tahun 1992 Tentang Perbankan.

UU No. 12. (2011). Undang-undang Republik Indonesia Nomor 12 Tahun 2011 tentang Pembentukan Peraturan Perundang-Undangan.

UU No. 21. (2008). Undang-Undang Republik Indonesia Nomor 21 Tahun 2008 Tentang Perbankan Syariah.

Warde, I. (2000). Islamic Finance in the Global Economy. Edinburgh University Press.

Zare, M. (2018). Creating laws for economic growth in a hybrid Islamic legal system. S. Cal. Interdisc. LJ, 28, 429.




DOI: 10.24235/jm.v9i2.18257

Article Metrics

Abstract view : 0 times
PDF - 0 times

Refbacks

  • There are currently no refbacks.


Al Mustashfa Indexed by:


Reference Management Tool


 Creative Commons License
This work is licensed under a Creative Commons Attribution 4.0 International License.

View My Stats