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All Journal Trikonomika: Jurnal Ekonomi Volksgeist: Jurnal Ilmu Hukum dan Konstitusi
Edward Mariyani-Squire
School of Business, University of Western Sydney, Australia
Economics, Econometrics & Finance Law, Crime, Criminology & Criminal Justice

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Tensions in Islamic Economics Mariyani-Squire, Edward
Jurnal Trikonomika Vol 12, No 1 (2013): Edisi Juni 2013
Publisher : Jurnal Trikonomika

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Abstract

The discipline of modern Islamic economics is currently torn in opposing directions by different visions of what its nature should be. On one side, it is argued that modern Islamic economics is too heavily influenced by secular economic theory. On the other side, it is argued that an overreliance on theologically-informed ideals would render Islamic economics unduly unrealistic. This paper explores the two competing criticisms of modern Islamic economics, illustrating how the conflict is played out in the area of Islamic banking. A case is tentatively made for greater pluralism in modern Islamic economics as a means of moving the discipline forward.
Ethno-Political Dynamism and Its Role in the Development of Indonesian Islamic Banking Law Dahlan, Ahmad; Voak, Adam; Chin, James; Mariyani-Squire, Edward; Aprianto, Naerul Edwin Kiky
Volksgeist: Jurnal Ilmu Hukum dan Konstitusi Vol. 7 Issue 2 (2024) Volksgeist: Jurnal Ilmu Hukum Dan Konstitusi
Publisher : Faculty of Sharia, Universitas Islam Negeri (UIN) Profesor Kiai Haji Saifuddin Zuhri Purwokerto, Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24090/volksgeist.v7i2.11077

Abstract

Studies on Indonesia's political conditions during the New Order until the 1990s reveal a significant shift in political dynamics, transitioning from a stance largely closed to Islamic interests to one that increasingly accommodated Islam through specific policies. This article aims to determine the influence of the ethnopolitical dynamics of Islam formed by the New Order on the development of Islamic banking law and its impact on the financial sector in Indonesia. Through a historical and contextual literature review, supplemented by interviews, it was observed that ethnopolitical dynamics significantly influenced the evolution of Indonesian banking law during and after that period. The influence of Islamic ethnopolitics, particularly in academic circles, has increasingly emerged as a dynamic force in facilitating the development of Islamic banking in Indonesia, underscoring the numerous challenges encountered in achieving market acceptance. Although its growth has not met market expectations, ethnopolitically, Islam continues to lobby for Islamic banking regulations. Furthermore, since 2019, the role of ethnopolitics has continued to realize policy and regulatory responses aimed at encouraging the growth of Islamic finance in Indonesia.
Co-Authors Ahmad Dahlan Aprianto, Naerul Edwin Kiky Chin, James Voak, Adam