International Journal of Islamic Business and Economics (IJIBEC)
Vol 4 No 2 (2020): Volume 4 Nomor 2 Tahun 2020

Rethinking Islamic Economic and Finance Practices in Indonesia : Some Critical Reviews

Iskandar, Azwar (Unknown)
Bayu Taufiq Possumah (Unknown)
Arfan Arifuddin (Unknown)



Article Info

Publish Date
01 Dec 2020

Abstract

This research aims to analysis some issues related to the Islamic economic and financial practices in Indonesia. This research used a descriptive-qualitative approach with content analytical, library research and critical study method. This research found some critical points on Islamic economic and financial practices in Indonesia: (i) the Islamic banking in Indonesia showed inconsistencies and partial implementations; (ii) the Islamic economic practices were not too far from the surrounding financial sectors (iii) the Islamic financial practices in Indonesia mostly focused on the Islamic Commercial Finance (ICF) sector and less concerned on the Islamic Social Finance (ISF); (iv) Sharia financial institutions were more precisely than those called ”Bank Syariah” (v) the epistemological problems in the Islamic economic curriculum needed to be answered and resolved to avoid the contra-productive outputs from the fundamental purposes. It was necessary to conduct the re-orientation of Sharia banking to strengthen its vision. All involving parties should be able to collaborate with academicians, practitioners, governments, scholars, and organizations. Those parties’ reorientation and synergy shall solve the problems related to the partial implementation of banking and answer all criticisms directed to the sharia banking

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Journal Info

Abbrev

Ijibec

Publisher

Subject

Religion Economics, Econometrics & Finance Environmental Science

Description

Focus: Islamic Economics and Small and Micro Enterprises Scope: The scope of this journal encompasses the integration of Islamic Economics especially on Small and Micro Enterprises (SMEs) and local economies. It focuses on: 1.Analyzing the influence of Islamic values on consumer perceptions, ...