RELEVANCE OF ISLAMIC BANKING IN INDONESIA TO THE MUAMALAH SYSTEM OF THE PROPHET AND THE CALIPH

The emergence of Islamic banks in Indonesia today is increasingly mushrooming. This emergence is inseparable from the role of the number of Muslim populations in Indonesia who want an Islamic economic and banking system that is far from usury. The Islamic banking system has been exemplified by the P...

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Main Authors: Malta Anantyasari, Agus Endro Suwarno, Muh. Nashirudin, Chabibatul Mu’awanah, Nuraini Binti Asri
Format: Article
Language:English
Published: Muhammadiyah University Press 2022-07-01
Series:Journal of Islamic Economic Laws
Subjects:
Online Access:https://journals2.ums.ac.id/index.php/jisel/article/view/9383
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author Malta Anantyasari
Agus Endro Suwarno
Muh. Nashirudin
Chabibatul Mu’awanah
Nuraini Binti Asri
author_facet Malta Anantyasari
Agus Endro Suwarno
Muh. Nashirudin
Chabibatul Mu’awanah
Nuraini Binti Asri
author_sort Malta Anantyasari
collection DOAJ
description The emergence of Islamic banks in Indonesia today is increasingly mushrooming. This emergence is inseparable from the role of the number of Muslim populations in Indonesia who want an Islamic economic and banking system that is far from usury. The Islamic banking system has been exemplified by the Prophet Muhammad and his companions in the past. His companions have become the basis or foundation for establishing Islamic banks. However, in reality, in Indonesia, the relevance of the Islamic banking system is less attractive. This research is descriptive qualitative research, using the library research method. This study aims to examine the practice of Islamic banking as exemplified at the time of the Prophet Muhammad SAW and to see the relevance and development of Islamic banking practices in Indonesia. This study concludes that the model of banking services, products, and activities exemplified by the Prophet is still used in the Islamic banking system in Indonesia. However, many Islamic bank practices deviate and are not by Sharia rules.
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language English
publishDate 2022-07-01
publisher Muhammadiyah University Press
record_format Article
series Journal of Islamic Economic Laws
spelling doaj-art-7cbf971d58cc48aab8f73bcf70a332ed2025-07-07T06:36:18ZengMuhammadiyah University PressJournal of Islamic Economic Laws2655-96092655-96172022-07-0129732210.23917/jisel.v5i2.176579446RELEVANCE OF ISLAMIC BANKING IN INDONESIA TO THE MUAMALAH SYSTEM OF THE PROPHET AND THE CALIPHMalta Anantyasari0Agus Endro Suwarno1Muh. Nashirudin2Chabibatul Mu’awanah3Nuraini Binti Asri4Institut Studi Islam Muhammadiyah PacitanUniversitas Muhammadiyah SurakartaIAIN SurakartaUniversitas Muhammadiyah SurakartaUniversiti Malaysia SabahThe emergence of Islamic banks in Indonesia today is increasingly mushrooming. This emergence is inseparable from the role of the number of Muslim populations in Indonesia who want an Islamic economic and banking system that is far from usury. The Islamic banking system has been exemplified by the Prophet Muhammad and his companions in the past. His companions have become the basis or foundation for establishing Islamic banks. However, in reality, in Indonesia, the relevance of the Islamic banking system is less attractive. This research is descriptive qualitative research, using the library research method. This study aims to examine the practice of Islamic banking as exemplified at the time of the Prophet Muhammad SAW and to see the relevance and development of Islamic banking practices in Indonesia. This study concludes that the model of banking services, products, and activities exemplified by the Prophet is still used in the Islamic banking system in Indonesia. However, many Islamic bank practices deviate and are not by Sharia rules.https://journals2.ums.ac.id/index.php/jisel/article/view/9383bankingsyariahindonesiarasulullah
spellingShingle Malta Anantyasari
Agus Endro Suwarno
Muh. Nashirudin
Chabibatul Mu’awanah
Nuraini Binti Asri
RELEVANCE OF ISLAMIC BANKING IN INDONESIA TO THE MUAMALAH SYSTEM OF THE PROPHET AND THE CALIPH
Journal of Islamic Economic Laws
banking
syariah
indonesia
rasulullah
title RELEVANCE OF ISLAMIC BANKING IN INDONESIA TO THE MUAMALAH SYSTEM OF THE PROPHET AND THE CALIPH
title_full RELEVANCE OF ISLAMIC BANKING IN INDONESIA TO THE MUAMALAH SYSTEM OF THE PROPHET AND THE CALIPH
title_fullStr RELEVANCE OF ISLAMIC BANKING IN INDONESIA TO THE MUAMALAH SYSTEM OF THE PROPHET AND THE CALIPH
title_full_unstemmed RELEVANCE OF ISLAMIC BANKING IN INDONESIA TO THE MUAMALAH SYSTEM OF THE PROPHET AND THE CALIPH
title_short RELEVANCE OF ISLAMIC BANKING IN INDONESIA TO THE MUAMALAH SYSTEM OF THE PROPHET AND THE CALIPH
title_sort relevance of islamic banking in indonesia to the muamalah system of the prophet and the caliph
topic banking
syariah
indonesia
rasulullah
url https://journals2.ums.ac.id/index.php/jisel/article/view/9383
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AT muhnashirudin relevanceofislamicbankinginindonesiatothemuamalahsystemoftheprophetandthecaliph
AT chabibatulmuawanah relevanceofislamicbankinginindonesiatothemuamalahsystemoftheprophetandthecaliph
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