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Economic system

Economic system. Islam Comprehensive Way of Life. Source: Zarqa in Antonio (2004:5) with some modification. The Term of Syariah Banking.

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Economic system

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  1. Economic system

  2. Islam Comprehensive Way of Life • Source: Zarqain Antonio (2004:5) with some modification.

  3. The Term of Syariah Banking • According to the Law of the Republic of Indonesia number 21 year 2008 concerning Islamic banking "Islamic bank is a bank that runs its business or their activitiesbased on sharia principles and according to the type consisting of general Islamic banks and Islamic banks of financing the people". • According to Ali (2008:1) "Islamic bank is a financial institution that functionas an intermediaryfor someonewith surplus funds andthe lack of funds for business activities and other activities in accordance with Islamic law".

  4. The fundamental principles of Syariah Banking

  5. According Antonio(2004:85-132) the basic principles of Syariah Bankingare devided into five sections,

  6. The Differences

  7. Development of Islamic Banking in Indonesia • Source: OutlookPerbankanSyariah 2011 (Bank Indonesia:2010).

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