Institutionalization of Sharia Financial Norms in Indonesia

Muhammad Hasanuddin, Sofian Al-Hakim

2017

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.

Paper Citation

in Harvard Style

Hasanuddin M. and Al-Hakim S. (2017). Institutionalization of Sharia Financial Norms in Indonesia.In 1st International Conference on Islamic Economics, Business, and Philanthropy - Volume 1: ICIEBP, ISBN 978-989-758-315-5, pages 106-111. DOI: 10.5220/0007077701060111

in Bibtex Style

@conference{iciebp17,
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 - Volume 1: ICIEBP,},
year={2017},
pages={106-111},
publisher={SciTePress},
organization={INSTICC},
doi={10.5220/0007077701060111},
isbn={978-989-758-315-5},
}

in EndNote Style

TY - CONF

JO - 1st International Conference on Islamic Economics, Business, and Philanthropy - Volume 1: ICIEBP,
TI - Institutionalization of Sharia Financial Norms in Indonesia
SN - 978-989-758-315-5
AU - Hasanuddin M.
AU - Al-Hakim S.
PY - 2017
SP - 106
EP - 111
DO - 10.5220/0007077701060111