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The Shift of Islamic Shari’a in Economy: Banks, Foreign Investment and the Ottoman Collapse Desmadi Saharuddin; Meirison, Meirison; Mansoer, Masri; Surwati, Surwati; Muhammadi, Qasem
Nurani Vol 25 No 1 (2025): Nurani: jurnal kajian syari'ah dan masyarakat
Publisher : Universitas Islam Negeri Raden Fatah Palembang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.19109/nurani.v25i1.24616

Abstract

At the height of the Ottoman Empire's glory, there was no need for a usury system, as it was prohibited by Islamic law. This Empire stands on an independent economy in line with Islamic law. Military agitation was everywhere; debt after debt appeared and even forced to borrow by donor countries and persuaded by Germany when World War I was about to erupt. This study aims to examine the shift in the role of Islamic law in the economy during the shaky Ottoman government in 1855-1923. This research is library-based with a qualitative approach; the information gathered comes from reviewing literature or written sources, such as books and previous studies, which are then processed and interpreted descriptively. We found that Banking in the Ottoman Empire was unnecessary because it was also not profitable for the Ottomans at a critical time. On the other hand, donor countries will benefit. Turkey is conditioned to continue to be in debt in various ways, such as rebellions in the Balkans, the Crimean War, and the last is world war I. The Debt Collection Agency (OPDA) has functioned as a collector of surplus natural resources and medium-sized industries in Turkey without the approval of the Government. They consist of foreign bankers with printed money that is no longer controllable and causes inflation, not to mention the circulation of foreign currency. Turkey's stability ended after preventing the establishment of a Jewish state, the owner of the most considerable capital in Europe.This article discusses the potential dangers of foreign banks operating in a country, including risks to the local economy, financial stability, and national sovereignty.
Tarekat dan Perubahan Sosial di Banten Muttaqin, Zaenal; Nasuki, Hamid; Mansoer, Masri
Refleksi: Jurnal Kajian Agama dan Filsafat Vol. 22 No. 1 (2023): Refleksi
Publisher : Faculty of Ushuluddin Syarif Hidayatullah State Islamic University, Jakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15408/ref.v22i1.27744

Abstract

This article aims to describe the involvement of Sufism orders (Tariqa) in the pace of social change in Banten. The main focus to be presented in this research article is how the Tariqa exists and develops in the life of Banten community and how the Tariqa plays a role in the social change. The method used in this study is a field research method with data collection techniques in the form of observation, interviews, and documentation analysis of literary sources. The article’s research recorded findings that various Sufism organizations or Tariqa had existed and became important actors of social change in Banten’s historical phases since the era of the Banten Sultanate, Western colonialism, until Banten became part of Indonesian territory in the contemporary era. Furthermore, the role of the Tariqa in social change is expressed in three transmissions of its influence in Banten, namely 1) the presence of Sufism teachings as a source of inspiration for the Sultan’s (ruler’s) policies, 2) the establishment of Sufi-sultan teacher connections (ruler/government), and 3) the existence of Sufi scholars and Tariqa organizations as the basis of social and moral movements.