Abstract
Notaries have a strategic position in making Islamic banking contracts. The reason is that the notary is responsible for the correctness of the contract construction to fulfill the terms of the agreement and the sharia principles. This study aims to find the philosophy of juridical consequences of the notary profession relationship with Islamic banking, which is associated with challenges in the global era. This research uses a philosophical, juridical, and empirical approach. The analysis results show that a notary who has sharia competence and understands and also carries out the philosophy of juridical consequences of the profession is very much needed. This is due to the growing challenges in developing Islamic banking globally, particularly about competition due to advances in information technology
Highlights
Indonesia's Islamic banking industry has excellent potential to become a global player in Islamic finance
The latest census conducted by the government shows that 87.1% of the Indonesian people or around 270 million people adhere to Islam.(1) The increase in Indonesia's sovereign credit rating to investment grade will increase investor interest in investing in the domestic financial sector, including the Islamic finance industry
This study aims to provide a new theory for notaries in Islamic banking is facing challenges in the cyber era
Summary
Indonesia's Islamic banking industry has excellent potential to become a global player in Islamic finance. The first reason is that the large Muslim population is a potential customer of the Islamic financial industry. The latest census conducted by the government shows that 87.1% of the Indonesian people or around 270 million people adhere to Islam.(1) The increase in Indonesia's sovereign credit rating to investment grade will increase investor interest in investing in the domestic financial sector, including the Islamic finance industry. It has abundant natural resources that can be used as underlying transactions for the Islamic financial.(2) Globalization has many consequences. One of them is the expansion of equity and various risk financing activities. This will pave the way for further growth in the Islamic banking system(3)
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