POLICY DIRECTIONS ON CONSTRUCTION OF SHARIA BANKING IN NATIONAL BANKING SYSTEM IN INDONESIA

Authors

  • Andrew Shandy Utama Dosen Fakultas Hukum Universitas Lancang Kuning

Abstract

At the time of the economic crisis of 1998, many conventional banks collapsed while sharia banks were not affected. After the crisis, sharia banking experienced significant growth in Indonesia. The problem was how the policy direction of supervision of sharia banking in the national banking system in Indonesia? The method used in this study is normative legal research using the approach of legislation. Sources of data used in this study are secondary data, namely data obtained from legislation, scientific journals, and legal literatures. Data collection techniques used in this study is literature study. Data analysis technique used in this research is qualitative analysis. The result of this research is the policy on supervision of sharia banking in the national banking system in Indonesia towards a better direction. Law Number . 7 of 1992 and Law Number 10 of 1998 state that the supervision of sharia banking is performed by Bank Indonesia as the central bank. However, based on Law Number 21 of 2008, supervision of sharia banking is not only done by Bank Indonesia, but also internally supervised by the Sharia Supervisory Board. Following the enactment of Law Number 21 of 2011, supervision of sharia banking shifted from Bank Indonesia to an independent institution called the Financial Services Authority.

References

Anggadini, Sri Dewi. 2014. Mekanisme Pengawasan Dewan Pengawas Syariah dan Bank Indonesia terhadap Bank Syariah. Majalah Ilmiah, 12 (1): 77-84.
Anshori, Abdul Ghofur. 2009. Perbankan Syariah di Indonesia. Yogyakarta: Gadjah Mada University Press.
Gazali, Djoni S. & Usman, Rachmadi. 2012. Hukum Perbankan. Jakarta: Sinar Grafika.
Kasmir. 2012. Dasar-dasar Perbankan. Jakarta: Rajawali Pers.
Prabowo, Bagya Agung. & bin Jamal, Jasri. 2017. Peranan Dewan Pengawas Syariah terhadap Praktik Kepatuhan Syariah dalam Perbankan Syariah di Indonesia. Ius Quia Iustum, 24 (1): 113-129.
Rasjad, Sandi F.S. 2015. Pengaturan dan Pengawasan Otoritas Jasa Keuangan terhadap Perbankan. Lex et Societatis, III (3), 118-115.
Rivai, Veithzal. & Arifin, Arviyan. 2010. Islamic Banking. Jakarta: Bumi Aksara. S, Ichsan Ferdinan. 2013. Kewenangan Bank Indonesia Setelah Disahkan
Undang-Undang Nomor 21 Tahun 2011 tentang Otoritas Jasa Keuangan. Privat Law, 2: 5-13.
Usman, Rachmadi. 2012. Aspek Hukum Perbankan Syariah di Indonesia. Jakarta: Sinar Grafika.
Batusangkar, October 14 ÔÇô 15, 2017

Downloads

Published

2018-01-02

Issue

Vol. 1 No. 1 (2017): Proceeding: Batusangkar International Conference II Graduate Programme of IAIN Batusangkar. ISBN : 978-602-329-072-7

Section

Articles

License

Authors who publish with this journal agree to the following terms:

  • Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a Creative Commons Attribution License that allows others to share the work with an acknowledgement of the work's authorship and initial publication in this journal.
  • Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgement of its initial publication in this journal.
  • Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work.