Abstract
Fatwa (legal opinion issued by Islamic cleric) is a part of Islamic law doctrine as a solution to problems in Islamic teachings that are not discussed in sources of Islamic law. The National Sharia Supervisory Board ( DewanSyariahNasional ) of Indonesian Clerics Council ( MajelisUlama Indonesia ) issues several fatwa(s) to address matters in Sharia economics and banking often raised by the Bank Indonesia (the central bank of the Republic of Indonesia) and by other Sharia economic actors. This raises the question, whether or not the fatwa(s) issued by the National Sharia Supervisory Board of MUI are positioned as material law of Sharia economics by court judges in examining and releasing verdict of Sharia economics/banking dispute. A normative study with legal and conceptual approach was carried out to investigate the problem. The result shows that the fatwa(s) issued by the National Sharia Supervisory Board of MUI are positioned as basic references of Sharia economic and banking management by the products of Sharia economics and/or banking; as guidelines in conducting Sharia bank management by the Bank Indonesia; and as guidelines by court judges in settling Sharia economic dispute.
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