Abstract

A norm can be institutionalized, if it is known, understood, obeyed, and respected. This happens with the institutionalization of Islamic finance in Indonesia. The norms of Islamic financial institutions in Indonesia were originally sourced from Al-Qur’an and al-Hadith are then understood, adhered to, valued and institutionalized into shariah financial institutions. Institutionalization of norms into Islamic financial institutions in Indonesia is not only determined by the awareness of the community in complying the norm, but the extent to which awareness to comply with norms can be consolidated into cultural strength that can affect the structural strength. This is where the institutionalization of Islamic finance is formed.

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