The Dynamics of Politics in the Development of Sharia Economic Law in Indonesia

The Islamization of knowledge has catalyzed a concrete shift in various academic disciplines, with Islamic economics, or Sharia economics, serving as a significant case study. This field has prompted extensive discussions, both philosophically and practically. While Sharia economics exhibits promise as a model for communal economic development, questions linger regarding its ability to meet the challenges posed by globalization and free-market capitalism. This article delves into the nexus of Sharia economic law development in Indonesia. It navigates the dichotomy of secularization and Islamization, which has culminated in a unique hybrid – religious secularism. This setting has laid the foundation for the development of Sharia economic law, particularly in the realm of Muamalah (Sharia economic law). The study utilizes Abdullah Saeed's classification system to analyze Sharia economic law, focusing on the textual, semi-contextual, and contextual dimensions. Ultimately, it explores the political dynamics underpinning Sharia economic law development, emphasizing interactions between academic traditions, governmental influences, societal dynamics, and global capitalist forces.