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Eclectic Islamic Economic Law: Multiakad in Indonesia's Sharia Banking

Mohamad Nur Yasin

Pertanika Journal of Social Science and Humanities, Volume 27, Issue 1, March 2019

Keywords: Eclectic Islamic economic law, eclectic style, eclectic culture, multiakad sharia banking

Published on: 25 Mar 2019

This study evaluates the enactment of multiakad principles in the Sharia Banking products within the frame of eclectic law. There are 13 Sharia Commercial Banks in Indonesia that offer 228 non multiakad products and 168 multiakad products. This study identifies factors behind the enactment of multiakad principles in Sharia Banking products and the model of eclectic law that it subscribes to. The study is based on library research. The data used for this research was obtained from reputable documents and online literature. The findings show that various factors surround the implementation of multiakad in Sharia Banking products in Indonesia: political, economic and law. There are three models of eclectic law in multiakad products in Sharia Banking in Indonesia, namely Eclectic Methodological Doctrine, Eclectic Style, and Eclectic Culture

ISSN 0128-7702

e-ISSN 2231-8534

Article ID

JSSH-3768-2018

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