The author of this article explains that Islamic economics system actually has
developed in Indonesia. But because of Dutch Colonized era and the government
after, Islamic economics system has been marginalized in Indonesia. In the beginning
of 1990s, Islamic economics particularly in monetary system that indicates the
operating of Bank Muamalat Indonesia (BMI-Muamalat Bank of Indonesia) in 1992,
Lembaga Keuangan Syariâah (LKBS-Syariah Finance Institution), and Lembaga
Keuangan Syariâah Non Bank (LKSBB-Non-Bank Syariah Finance Institution).These
institutions emerge at the time when economic crisis happen in Indonesia. According
to the writer of the article the growth of Islamic economics institutions in Indonesia
gives hopes. But the problem in the context of those is the legislations that regulate
the institution do not appear yet.
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