The Role of DSN-MUI to Ensure Shariah Compliance of Islamic Financial Transactions in Indonesia (A Political Ambiguity Perspective)
Abstract
This article proved the National Shariah Boards-Muslim Expert Council of Indonesia (DSN-MU) had failed to engage the modern transaction needs in modern Islamic stock exchange in Indonesia. By doing an analytical method on political law against Islamic law in Indonesia, DSN MUI was not able to ensure the Islamic financial industries to achieve the Shariah compliance for legal substance and structure perspective. The dynamic of Indonesian political law against Muslim interest is the main factor of the failure of Fatwa DSN-MUI to ensure the shariah compliance.
Full Text: PDF DOI: 10.15640/jibf.v6n1a4
Abstract
This article proved the National Shariah Boards-Muslim Expert Council of Indonesia (DSN-MU) had failed to engage the modern transaction needs in modern Islamic stock exchange in Indonesia. By doing an analytical method on political law against Islamic law in Indonesia, DSN MUI was not able to ensure the Islamic financial industries to achieve the Shariah compliance for legal substance and structure perspective. The dynamic of Indonesian political law against Muslim interest is the main factor of the failure of Fatwa DSN-MUI to ensure the shariah compliance.
Full Text: PDF DOI: 10.15640/jibf.v6n1a4
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