Islamic Law and Society in Indonesia: Corporate Zakat Norms and Practices in Islamic Banks

The book investigates how Muslim jurists have interpreted Shariah of zakat and how these have been imposed through the legislative and regulatory framework in Indonesia. It argues that the dynamics of Shariah interpretation, imposition, and compliance are too complex to be defined using the binaries of the religious versus the secular, public versus private, or tradition versus modernity. The corporate zakat context has revitalized the existing governance strategy in Islamic legal tradition and created a shared Islamic law vision between Islam and the state, generating a mixed legal and religious consciousness toward corporate zakat.

Format: Hardback
Length: 258 pages
Publication date: 08 April 2022
Publisher: Taylor & Francis Ltd

No corporation relishes the prospect of coughing up taxes, yet Islamic banks in Indonesia willingly comply with corporate zakat obligations. Why is this the case? The book delves into the intricacies of corporate zakat norms and practices in Indonesia by examining how Muslim jurists have interpreted the Shariah of zakat and how these principles have been implemented through the legislative and regulatory framework. Additionally, it presents original case studies based on sociolegal field research on the reception of the new obligations within Islamic banks that opt to pay and those that choose not to pay, effectively introducing a novel tax.

The book contends that the dynamics of Shariah interpretation, imposition, and compliance in Indonesia are far too intricate to be reduced to simplistic binaries such as religious versus secular, public versus private, or tradition versus modernity. The corporate zakat context has breathed new life into the existing governance strategy within the Islamic legal tradition, fostering a shared Islamic law vision between Islam and the state. As a result, this fusion generates a hybrid legal and religious consciousness towards corporate zakat.

In addressing broader discussions on Islamic law and modernity, this book will hold significant appeal to scholars engaged in the fields of Asian and Comparative Law, sociolegal studies, anthropology of Indonesia, business studies of the Islamic world, Islamic/ Shariah economics, Islamic law and politics, Islamic legal studies, Muslim society, and Islam in Southeast Asia.

Dimension: 234 x 156 (mm)
ISBN-13: 9781032019796