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The Crucial History of Sharia Banking Law Development in Indonesia

Al-Manahij: Jurnal Kajian Hukum Islam · Vol. 17 No. 1 (2023) · pp. 27–40

DOI
10.24090/mnh.v17i1.7191
ISSN
2579-4167, 1978-6670
Published
2023-04-06
Publisher
Universitas Islam Negeri Profesor Kiai Haji Saifuddin Zuhri Purwokerto
Language
eng
License
creativecommons.org/licenses/by-sa/4.0

Abstract

This article aims to explain Sharia banking law development in Indonesia from various sources based on facts or documents found in literatures and interviews made with several informants involved in the process of formulating Sharia banking law development as well as all law and legislation aspects in Indonesia. Two well-known figures, Karnaen A. Perwaatmadja and M. Syafi'i Antonio, were involved in the process of formulating Sharia banking law development in 1990s, as well as Zuhrizal Zubir, Sharia Bank Supervisor from Bank Indonesia Jakarta, and Bank Indonesia Purwokerto, Central Java in 2002. The research results showed that Sharia banking law development in Indonesia historically had several stages. First, the formulation of Sharia banking law was full of political contents. Second, Sharia banking law was based on a dual banking system dominantly in market accommodation. Third, the independence of legalization of Sharia banking law did not increase Sharia banking market share.

Keywords

Collaboration network of the authors

40 authors · 73 co-authorship links · 1 across different organisations · showing the 40 most connected

Hover or tap a name to highlight its co-authors. Double-click to open the author's page.

  • Bandung Institute of Technology
  • Universitas Syiah Kuala
  • Universitas Islam Negeri Sumatera Utara
  • Institut Teknologi Sepuluh Nopember
  • Sunan Kalijaga State Islamic University Yogyakarta
  • Affiliation unknown
  • Different organisations
  • Same organisation
  • Affiliation unknown
  • Thicker line = more joint articles · bigger circle = more articles
Show as table
Co-authorOrganisationJoint articles
Marduati MarduatiAffiliation unknown2
Tri Mustika SarjaniAffiliation unknown2
Idrus RuslanAffiliation unknown2
Adam VoakAffiliation unknown2
Benhard SitohangBandung Institute of Technology1
Suhono Harso SupangkatBandung Institute of Technology1
Dwi Hendratmo WidyantoroBandung Institute of Technology1
Jeni SusyantiAffiliation unknown1
Achmad Ghazi BagaskaraAffiliation unknown1
Usman UsmanUniversitas Syiah Kuala1
Herry LiyusAffiliation unknown1
Siti KhodijahUniversitas Islam Negeri Sumatera Utara1
Rahmah RahmahAffiliation unknown1
Uswatun HasanahAffiliation unknown1
Syamsul HudaAffiliation unknown1
Muhamim SarifudinAffiliation unknown1
Munifah MunifahAffiliation unknown1
Anis HumaidiAffiliation unknown1
Saifullah IdrisAffiliation unknown1
Ferry PerdiansyahAffiliation unknown1
Zahwa Muflihah UshaybiahAffiliation unknown1
Adelia Simehate WAffiliation unknown1
Sayyid FaizurrahmanAffiliation unknown1
HumairaAffiliation unknown1
Muhammad Suhaili SufyanAffiliation unknown1
Muhammad AnsorAffiliation unknown1
Syawaluddin IsmailAffiliation unknown1
Khairil FazalAffiliation unknown1
Toguan RambeAffiliation unknown1
Seva MayasariAffiliation unknown1
Lukman HakimInstitut Teknologi Sepuluh Nopember1
Fauzi SalehAffiliation unknown1
Azwarfajri AzwarfajriAffiliation unknown1
Elfrida ElfridaAffiliation unknown1
Fira Yolanda Fira YolandaAffiliation unknown1
Fathurrahman FathurrahmanSunan Kalijaga State Islamic University Yogyakarta1
Malahayati UmarAffiliation unknown1

Affiliations come from OpenAlex; journal OAI-PMH metadata carries none. Authors without an OpenAlex ID are matched by name, which can merge or split people.

Metadata source: OAI-PMH (metadata jurnal) https://ejournal.uinsaizu.ac.id/index.php/almanahij/oai, first harvested 8 Nov 2026, last seen 8 Nov 2026.
Original metadata (oai_dc) 
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	<dc:title xml:lang="en">The Crucial History of Sharia Banking Law Development in Indonesia </dc:title>
	<dc:creator xml:lang="en">Dahlan, Ahmad</dc:creator>
	<dc:creator xml:lang="en">Mawardi , Mawardi</dc:creator>
	<dc:creator xml:lang="en">Mahfudz , Shaifurrokhman</dc:creator>
	<dc:subject xml:lang="en">Crucial history</dc:subject>
	<dc:subject xml:lang="en">Banking law</dc:subject>
	<dc:subject xml:lang="en">Sharia bank</dc:subject>
	<dc:subject xml:lang="en">Indonesia</dc:subject>
	<dc:description xml:lang="en">This article aims to explain Sharia banking law development in Indonesia from various sources based on facts or documents found in literatures and interviews made with several informants involved in the process of formulating Sharia banking law development as well as all law and legislation aspects in Indonesia. Two well-known figures, Karnaen A. Perwaatmadja and M. Syafi'i Antonio, were involved in the process of formulating Sharia banking law development in 1990s, as well as Zuhrizal Zubir, Sharia Bank Supervisor from Bank Indonesia Jakarta, and Bank Indonesia Purwokerto, Central Java in 2002. The research results showed that Sharia banking law development in Indonesia historically had several stages. First, the formulation of Sharia banking law was full of political contents. Second, Sharia banking law was based on a dual banking system dominantly in market accommodation. Third, the independence of legalization of Sharia banking law did not increase Sharia banking market share.</dc:description>
	<dc:publisher xml:lang="en">Universitas Islam Negeri Profesor Kiai Haji Saifuddin Zuhri Purwokerto</dc:publisher>
	<dc:date>2023-04-06</dc:date>
	<dc:type>info:eu-repo/semantics/article</dc:type>
	<dc:type>info:eu-repo/semantics/publishedVersion</dc:type>
	<dc:format>application/pdf</dc:format>
	<dc:identifier>https://ejournal.uinsaizu.ac.id/index.php/almanahij/article/view/7191</dc:identifier>
	<dc:identifier>10.24090/mnh.v17i1.7191</dc:identifier>
	<dc:source xml:lang="en">Al-Manahij: Jurnal Kajian Hukum Islam; Vol. 17 No. 1 (2023); 27-40</dc:source>
	<dc:source>2579-4167</dc:source>
	<dc:source>1978-6670</dc:source>
	<dc:source>10.24090/mnh.v17i1</dc:source>
	<dc:language>eng</dc:language>
	<dc:relation>https://ejournal.uinsaizu.ac.id/index.php/almanahij/article/view/7191/3142</dc:relation>
	<dc:rights xml:lang="en">Copyright (c) 2023 Ahmad Dahlan, Mawardi Mawardi , Shaifurrokhman Mahfudz </dc:rights>
	<dc:rights xml:lang="en">http://creativecommons.org/licenses/by-sa/4.0</dc:rights>
</oai_dc:dc>