WACANA PUBLIK KEUANGAN ISLAM DI SUMATERA BARAT

Abstract

This paper demonstrates how the Islamic financial system has been shaped by, and come to reflect, broader socio-cultural, political and economic developments such as the 1997 economic crisis in Indonesia and increases in oil welfare from Middle Eastern countries. The paper argues that a complex system of socio-economic pressures and financial systems at the regional, national and transnational levels has enabled the regional governments to engage in Islamic financial system. The paper suggests that the involvement was driven by the capacity to distribute resources to large sections of the population through small business groups provided a useful mechanism for shoring up electoral support. It is also argues that the present of a robust Islamic banking system was vital to the regional governments attempts to source additional financial resources from the Islamic world that could be used to fund local development.

Keywords:  Islamic Financial, Politics, Public Issue.