Islam and Development: Social Science Research in Indonesia
Economic Growth and Development
The Question of Islamic Banking in Indonesia
Discusses Hatta’s influence on present-day thinking in Indonesia about riba. People in Indonesia, generally do not consider present-day bank interest to be opposed to Islam. Hence there is no serious move in that country to set up an Islamic bank. About half of the paper discusses secular banking in Indonesia. Also enumerates the difficulties that may be experienced if there is an attempt to establish an Islamic bank in Indonesia. Descriptive. For bankers. Documented.