Iqtishoduna: Jurnal Ekonomi Islam
Vol 9 No 2 (2020): October

Nusantara Syariah Economy (Construction of Economic Cooperation between The Indonesian Muslim Community)

AM Hafidz Mashum (Institut Agama Islam Negeri Pekalongan)
Marlina Marlina (Institut Agama Islam Negeri Pekalongan)



Article Info

Publish Date
01 Oct 2020

Abstract

This study seeks to answer two problem formulations, namely the construction of economic cooperation practices for the Indonesian Muslim community in agriculture, plantation, livestock, and forestry, and the feasibility of these economic cooperation practices in the Islamic banking industry. The results of this study conclude that the practice of economic cooperation between the Muslim community in the archipelago is constructed through six concepts, namely (1) adat; (2) social capital; (3) oral agreement; (4) profit sharing; (5) 'urf; (6) sharia compliance; and (7) muamalah fiqh contracts. When viewed from the sociological, juridical, and economic aspects, the practice of economic cooperation in the Indonesian Muslim community is a very potential captive market for Islamic banks. This research strengthens the Granoveterian embeddedness theory which states that economic behavior (in this case is the practice of economic cooperation between the Muslim community in the archipelago) is a social action that is socially structured and positioned. Research at the same time rejects Polanyian's embeddedness, which states that attachment only occurs in pre-industrial societies.

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Journal Info

Abbrev

iqtishoduna

Publisher

Subject

Economics, Econometrics & Finance

Description

The focus of the Journal of Syari'ah Economics and Islamic Business all aspects of scientific discussions about Islamic Economics, Syari'ah Banking and Islamic Economic Management ideas covering: 1) research article, 2) conceptual idea, 3) review of the literature, and 4) practical ...