Politik Ekonomi UU Perbankan Syariah Peluang dan Tantangan Regulasi Industri Perbankan Syariah

Building an effective legal and regulatory framework for Islamic banking is imperative. Initiative toenact Islamic banking laws in Indonesia can be regarded in this respect. The objective of this paper is to examinethe critical issues in Islamic banking laws. This paper examines and highlights the main features of Islamic bankinglaws. It is suggested that the main goal of the laws are to enhance Shari’ compliance and promoting stabilityof the system. Despite the progress achieved through this approach, it is recommended that Islamic bankingdevelopment needs more efforts and initiatives. This paper also attempts to provide an analysis of future directionin the development of Islamic banking industry in Indonesia