A Nexus between Identity Awareness and Decolonization Process of Local Economy: Indonesian Experience

Authors

  • Muhammad Hanif Al-hakim Master Student at Centre for Advanced Studies on Islam, Science and Civilisation (CASIS) - UTM

DOI:

https://doi.org/10.21111/al-iktisab.v1i1.2379

Keywords:

Identity, Awareness, Decolonization, economy, Indonesia, BMT

Abstract

This paper will examine four significant economic events – namely, Indonesiangovernment’s measure to nationalize the existing foreign enterprises in 1950s; debatein between 1949-1957 in searching of an appropriate ideology to be adopted as frameworkin devising economic policies; the rise of Sharia-compliant bank in early 1990s; and theemergence of Islamic co-operative financial institution called Bay al-Mâl wa al-Tamwîl(BMT), in relation to the advancement of people awareness of their right identity. Thefinding says that reality stated that decolonization movement in Indonesia from bottomupthat is contrary from ideal studies, and it is always connected with real identity thatthe decolonized people are certain with. By then, identity awarness is the way to thedecolonisation process that will impact to Islamization of economics in Indonesia.

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Published

2017-05-31

How to Cite

Al-hakim, Muhammad Hanif. 2017. “A Nexus Between Identity Awareness and Decolonization Process of Local Economy: Indonesian Experience”. AL-IKTISAB: Journal of Islamic Economic Law 1 (1):1-20. https://doi.org/10.21111/al-iktisab.v1i1.2379.

Issue

Vol. 1 No. 1 (2017)

Section

Articles

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