In Search of Ummah Welfare Model: The Revitalisation of Sharia Economic Law in Indonesia

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216208%3A11230%2F23%3A10477387" target="_blank" >RIV/00216208:11230/23:10477387 - isvavai.cz</a>

Result on the web

<a href="https://verso.is.cuni.cz/pub/verso.fpl?fname=obd_publikace_handle&handle=lo-yqC8ZTB" target="_blank" >https://verso.is.cuni.cz/pub/verso.fpl?fname=obd_publikace_handle&handle=lo-yqC8ZTB</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.28946/slrev.Vol7.Iss2.1080.pp244-261" target="_blank" >10.28946/slrev.Vol7.Iss2.1080.pp244-261</a>

Result language

angličtina

Original language name

In Search of Ummah Welfare Model: The Revitalisation of Sharia Economic Law in Indonesia

Original language description

Sharia economic law in Indonesia has been revitalised through legal unification and codification to improve national economic development. In this context, the Sharia economy has become a guideline in every transaction. Therefore, people must understand the Islamic economic concept to create maslahah (goodness) in every aspect of life. Sharia economic law is not a new system, as it has been implemented since the era of the Prophet. However, there is a need for adjustment in the implementation of the Sharia economic law from time to time to enable it responding the current development. This study employs qualitative inquiry, using library research to analyse Sharia economic law&apos;s history and legal development. Legal documents used include state laws and regulations, the regulations of the Bank of Indonesia, the fatwa of DSN-MUI, and others. This paper argues that the revitalisation of the Sharia economic law in Indonesia is in line with the efforts made by the predominantly Muslim population to conserve and develop the system. This includes non-legalised and legalised implementation of the Sharia economic system, such as Sharia banking. Furthermore, the system does not contradict the value of Pancasila and the 1945 Constitution&apos;s pillars of the Unitary State of the Republic of Indonesia. Sharia economic law, prioritising moral and religious principles, has proven to create maslahah and become a solution to the economic crisis. This was shown by the survival of Sharia banks during the 1998 economic crisis, maintaining the Sharia-standardised contract to create justice in society. (C) 2023; This is an Open Access Research distributed under the term of the Creative Commons Attribution License (https://Creativecommons.org/licences/by/4.0), which permits unrestricted use, distribution, and reproduction in any medium, provided the original works are properly cited.

Czech name

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Czech description

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Type

J_SC - Article in a specialist periodical, which is included in the SCOPUS database

CEP classification

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OECD FORD branch

50401 - Sociology

Project

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Continuities

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Publication year

2023

Confidentiality

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Name of the periodical

Sriwijaya Law Review

ISSN

2541-5298

e-ISSN

2541-6464

Volume of the periodical

7

Issue of the periodical within the volume

2

Country of publishing house

ID - INDONESIA

Number of pages

18

Pages from-to

244-261

UT code for WoS article

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EID of the result in the Scopus database

2-s2.0-85168008286