New Trends in Economic Behavior

The Phenomenon of the Anti-Usury Movement in Indonesia

Bibliographic Data

ID20352489
AuthorsIka Yunia Fauzia (0000-0003-1314-7602, Perbanas Institute), Abdul Kadir Riyadi (0009-0002-6715-164X, Islamic University)
Year2020
Volume27
Issue3
Pages515-550
Publication date2020-12-23
Open AccessYes
TypeARTICLE
VenueSTUDIA ISLAMIKA (JOURNAL)
Journal identifiersISSN: 0215-0492 • E-ISSN: 2355-6145
PublisherStudia Islamika, Center for the Study of Islam and Society (PPIM) Syarif Hidayatullah State Islamic University of Jakarta (PUBLISHER)
DOI10.36712/sdi.v27i3.11038
OpenAlexW3116228958
LanguageEN
Citations received1
References cited9

Like any other discourse, ideas regarding usury in Indonesia have evolved over time. This study is concerned with tracing that evolution and with understanding how Indonesian academics, practitioners, and laypersons view the problem. The increasing popularity of usury is then juxtaposed with emergence of anti-usury movements, of which this study identifies 14 throughout the country. Using a phenomenological approach, the study analyses these movements in order to better understand their nature and then categorises them into three classes. The first is that organised by figures affiliated with Hizbut Tahrir Indonesia; the second is initiated by Indonesia’s Salafi ulama; and the third has no clear leadership and membership and is, therefore, somewhat disorganised. The ideas espoused by the anti-usury movement are primarily disseminated via the internet and social media. This study finds that the movement is growing quickly and gaining momentum

Economics · Epistemology · Indonesian · Islam · Phenomenon · Political economy · Political science · Popularity · Sociology · Usury · History · Islamic Finance and Communication · Islamic Studies and Radicalism · Law · Philosophy · SMEs Development and Digital Marketing · Finance

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Open DOIOpen Access