Religious Moderation in the Governance of Islamic Banking in Indonesia: A Reconstruction of the Principles of Justice, Balance and Inclusivity from the Perspective of Islamic Economic Law
Abstract
Islamic banking in Indonesia faces demands for formal compliance to evolve into ethical, inclusive, transparent, sustainable and substantively just governance. Tensions arise when business interests, regulation, Sharia supervision, customer protection and access to services are not always aligned in day-to-day institutional practice. This study aims to formulate a model of Islamic banking governance based on religious moderation that integrates justice, balance, inclusivity and substantive public interest. The study employs a normative legal methodology with a document-based grounded theory approach to construct conceptual categories from relevant Indonesian legal sources. Data were sourced from legislation, DSN-MUI fatwas, journal articles, books, institutional reports, and academic literature on contemporary national Islamic banking. Data were collected through documentation and analysed using data condensation, data presentation, and the drawing of conclusions based on the interactive model of Miles et al. The findings indicate that religious moderation functions as a normative framework linking wasatiyyah, justice, balance, maslahat, and inclusivity within institutional governance. Institutional practices reveal a gap between formal compliance and substantive justice in the distribution of risk, access, protection, and the interests of other stakeholders. Consequently, Sharia governance needs to shift from procedural compliance towards substantive governance that assesses Sharia objectives, social benefits, and protection. Further research should empirically test this model across multiple sites and develop measurable indicators to achieve strong operational and institutional validation.
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DOI: https://doi.org/10.24952/yurisprudentia.v11i2.21305
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