Institutionalization of Sharia Financial Norms in Indonesia

Muhammad Hasanuddin; Sofian Al-Hakim

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Paper

Institutionalization of Sharia Financial Norms in Indonesia

In 1st International Conference on Islamic Economics, Business, and Philanthropy ICIEBP - Volume 1, 106-111, 2017 , Bandung, Indonesia

Authors: Muhammad Hasanuddin and Sofian Al-Hakim

Affiliation: Program Studi Ekonomi Syariah, UIN Sunan Gunung Djati Bandung, Jl. A.H.Nasution No.105, Bandung and Indonesia, Indonesia

Keyword(s): Sharia finance, norm, islamic law.

Abstract: A norm can be institutionalized, if it is known, understood, obeyed, and respected. This happens with the institutionalization of Islamic finance in Indonesia. The norms of Islamic financial institutions in Indonesia were originally sourced from Al-Qur’an and al-Hadith are then understood, adhered to, valued and institutionalized into shariah financial institutions. Institutionalization of norms into Islamic financial institutions in Indonesia is not only determined by the awareness of the community in complying the norm, but the extent to which awareness to comply with norms can be consolidated into cultural strength that can affect the structural strength. This is where the institutionalization of Islamic finance is formed.

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Paper citation in several formats:

Hasanuddin, M. and Al-Hakim, S. (2018). Institutionalization of Sharia Financial Norms in Indonesia. In 1st International Conference on Islamic Economics, Business, and Philanthropy - ICIEBP; ISBN 978-989-758-315-5; ISSN 2184-2736, SciTePress, pages 106-111. DOI: 10.5220/0007077701060111

@conference{iciebp18,
author={Muhammad Hasanuddin. and Sofian Al{-}Hakim.},
title={Institutionalization of Sharia Financial Norms in Indonesia},
booktitle={1st International Conference on Islamic Economics, Business, and Philanthropy - ICIEBP},
year={2018},
pages={106-111},
publisher={SciTePress},
organization={INSTICC},
doi={10.5220/0007077701060111},
isbn={978-989-758-315-5},
issn={2184-2736},
}

TY - CONF

JO - 1st International Conference on Islamic Economics, Business, and Philanthropy - ICIEBP
TI - Institutionalization of Sharia Financial Norms in Indonesia
SN - 978-989-758-315-5
IS - 2184-2736
AU - Hasanuddin, M.
AU - Al-Hakim, S.
PY - 2018
SP - 106
EP - 111
DO - 10.5220/0007077701060111
PB - SciTePress