THE BARRIERS AND CHALLENGES TO THE IMPLEMENTATION OF ISLAMIC SHARIA IN THE BANKING INDUSTRY
Keywords:
sharia bank, sharia implementation, sharia transactionAbstract
The growth of Islamic banking is relatively smaller than national banking, which means that there are still obstacles or obstacles that must be conquered by Islamic banking. Although Islamic banking is increasingly recognized in the community, not only by Muslims, but by society at large. The market share of Islamic banks is still very low compared to 87% of the Muslim population in Indonesia, which reaches 230 million people. By using data analyzed using a descriptive qualitative approach, this study explains the obstacles and challenges faced by Islamic banking institutions. One of these obstacles is that the level of trust of the Muslim community in Islamic banks is still low, as well as public concerns about the issue of interest rates and usury in Islamic banking practices.
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