Dispute Resolution in the Development of Islamic Economics and Finance in Indonesia
Halal Business Chain

KNEKS organized another Focus Group Discussion (FGD) with the overarching theme “Evaluation of Legal Protection in the Sharia Economic and Financial Sector.” Among the participants was Azhar Alam, a lecturer from the UMS Islamic Economic Laws study program, who was appointed as one of the expert respondents. The event took place at the Yogyakarta Marriot Hotel on Thursday, May 27, 2021.


Dispute Resolution in the Development of Islamic Economics and Finance in Indonesia

The progress of Islamic economic and financial development in Indonesia has led to a noticeable increase in the number of Islamic economic disputes. This underscores the importance of effective and efficient dispute resolution mechanisms in facilitating the growth of Islamic economics and finance in Indonesia.

In addition to the religious courts, the presence of Basyarnas (National Sharia Arbitration Board) is also crucial and requires greater awareness among the public, particularly within the Islamic economic industry and among all customers who have obtained Islamic financing in Indonesia. Therefore, it is essential to conduct an in-depth evaluation and study by engaging academics, legal practitioners, law enforcement officials, and stakeholders involved in Islamic economics and finance through a Focus Group Discussion (FGD).

Halal Business Chain

In his remarks, Sutan Emir Hidayat emphasized the significance of the halal business chain to bolster the advancement of the Islamic economy. He highlighted the necessity of strengthening the legal ecosystem to ensure that all legal aspects pertaining to Islamic economics are addressed appropriately and professionally.

In the event, Sutan Emir Hidayat shared that he had served as treasurer on the Malaysian PCIM board while studying at IIUM, alongside Indonesian colleagues in PCIM Malaysia such as Ustadz Sonny Zulhuda, Ph.D.

Translator: Farizal Luqman Majid

Faculty of Islamic Studies

Featured News

image-featured
17 February 2026

Hibatulloh Al-Mubarok started his klanceng honey business from Pondok Shabran, secured P2MW funding, and expanded across Indonesia. What’s his secret?

sdgs-label
sdgs-badge
sdgs-badge
image-featured
14 February 2026

Competition winners have the opportunity to receive scholarships to continue their studies in all study programs at FAI UMS.

image-featured
10 February 2026

ICIMS 2026 responds to rapid ai development with scientific principles and Muhammadiyah values

sdgs-label
sdgs-badge
sdgs-badge

UMS Newsletter

Nothing’s more special than reading curated news just for you.
Subscribe to the UMS Newsletter for free today.

Explore our newsworthy articles on ums.ac.id

icon

Research

Featured articles unpacking research by UMS lecturers.

icon

Global Pulse

In-depth articles featuring infographics.

icon

Academia Star

Profiles of outstanding UMS lecturers and students.

icon

Alumni Stories

Inspiring stories of UMS alumni building their careers.