Journal of Nusantara Economy
Vol. 5 No. 1 (2026): Journal Of Nusantara Economy

Contemporary Fiqh al-Mu'amalat and Legal Reform in Indonesia's Sharia Economic System

Edi Mulyono (UIN Fatmawati Sukarno Bengkulu, Indonesia)
Anita Niffilayani (UIN Fatmawati Sukarno Bengkulu, Indonesia)
Is Susanto (UIN Raden Intan Lampung, Indonesia)
Jalaludin Ar-Rumei (Sidi Mohamed Ben Abdellah University, Morocco)



Article Info

Publish Date
30 Jun 2026

Abstract

The rapid development of the sharia economy in Indonesia has encouraged the emergence of various contemporary financial transactions that require adaptive legal responses. Classical fiqh al-mu'amalat, while providing fundamental principles for economic activities, often faces challenges in addressing modern financial instruments such as Islamic banking, financial technology, digital transactions, and Islamic capital markets. This study aims to analyze the role of contemporary fiqh al-mu'amalat in the process of legal reform within Indonesia's sharia economic system. Employing a normative juridical approach and qualitative library research methods, this study examines legislation, fatwas of the National Sharia Council-Indonesian Ulema Council (DSN-MUI), and scholarly literature on Islamic economic law. The findings indicate that legal reform in Indonesia's sharia economy has been significantly influenced by contemporary ijtihad and maqasid al-shariah approaches, resulting in more contextual and adaptive regulations. The integration of classical fiqh principles with modern legal needs has contributed to the development of an inclusive and dynamic sharia economic system. This study concludes that contemporary fiqh al-mu'amalat serves as a fundamental basis for legal reform and strengthens the institutional framework of Indonesia's sharia economy

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Journal Info

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numy

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Description

Aim and Scope Aim: Journal of Nusantara Economy is an international peer-reviewed journal dedicated to advancing scholarly research on economic transformation, business innovation, economic governance, and Islamic economic development in the Asia-Pacific and European regions. The journal provides a ...