It is well established in finance theory that credit markets characterized with high asymmetric information, leads to severe distortion and sometimes complete collapse of the formal credit market. Financial contracts or services will not be written under this condition. The contracts between borrower and lender will only be honored if the element of trust exists in such transactions. In this co…
In the past couple of decades, interest in Islamic Law has increased in the Muslim world as well as in the non-Muslim world. The popularity of Islamic Banking and Finance has especially triggered scholarly studies in this field since usul al-fiqh is the essence of comprehending the law revealed by the Lawgiver. Despite the number of studies on Islamic Law, works dealing with usul al-fiqh, which…
Phenomenological Approach And a Constructivist Paradigm
Riset Ekonomi Islam Indonesia 30 tahun terakhir memiliki tema beragam. Tulisan ini mengkategorikannya menjadi tiga sub tema: ekonomi pembangunan Islam, keuangan syariah, dan bisnis syariah. Google Scholar digunakan sebagai referensi untuk melakukan pencarian penelitian dengan tema tersebut, secara terpisah di dalam Bahasa Inggris dan Bahasa Indonesia. Secara umum, tema pembangunan Islam didomin…