Al-Manahij : Jurnal Kajian Hukum Islam
Vol. 20 No. 1 (2026)

Conceptualizing Siyasah Syariah Maliyah: The Acculturation and Transformation of Sharia Finance in Aceh

Farid Fathony Ashal (Universitas Islam Negeri Syarif Hidayatullah Jakarta)
Habibi Zaman Riawan Ahmad (Universitas Islam Negeri Syarif Hidayatullah Jakarta)
Zenno Noeralamsyah (Universitas Islam Negeri Syarif Hidayatullah Jakarta)
Mohammad Hasyim (Universitas Islam Negeri Syarif Hidayatullah Jakarta)
Fahmi Yunus (University of Sheffield)



Article Info

Publish Date
30 Jun 2026

Abstract

Aceh's formal implementation of Islamic law, as Indonesia's only province endowed with special autonomy in this domain, offers a critical socio-legal setting for examining how Islamic legal principles are translated into contemporary public policy. While Islamic economics and governance have generated substantial scholarly debate, the conceptual foundations of Islamic financial governance within regional policymaking remain insufficiently theorized. This study addresses this gap by reconstructing siyasah syariah maliyah as an integrated framework of Sharia-based financial governance grounded in classical Islamic political thought and adapted to Aceh's modern regulatory context. Employing qualitative conceptual analysis, the study synthesizes the tradition of siyasah shar'iyyah with Aceh's legal and institutional developments. The findings reveal that siyasah syariah maliyah operates through seven interrelated dimensions: public welfare (maslahah), resource allocation, legal-rational policymaking, policy flexibility (siyasah), regional legislation (qanun), market supervision (hisbah), and economic development (tanmiyah). These dimensions are empirically reflected in Aceh's Islamic financial transformation, particularly through the mandatory conversion of conventional banks into Islamic banks and the enactment of regulatory qanun. The study contributes to the literature by offering a systematic conceptualization of siyasah syariah maliyah, demonstrating the acculturation of Islamic legal norms into modern governance, and proposing an adaptable model for Muslim-majority regions seeking to institutionalize Islamic financial principles within plural legal systems.

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Journal Info

Abbrev

almanahij

Publisher

Subject

Law, Crime, Criminology & Criminal Justice

Description

AL-MANAHIJ is a scholarly journal of Islamic law studies. It is a forum for debate for scholars and professionals concerned with Islamic Laws and legal cultures of Muslim Worlds. It aims for recognition as a leading medium for a scholarly and professional discourse of Islamic laws. Al-Manahij covers ...