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The economy of Indonesia is a mixed economy with dirigiste characteristics, [31] ... or Masterplan Percepatan dan Perluasan Pembangunan Ekonomi Indonesia, ...
A market economy was established in the Islamic world on the basis of an economic system resembling merchant capitalism. Capital formation was promoted by labour in medieval Islamic society, and financial capital was developed by a considerable number of owners of monetary funds and precious metals.
Indonesian traditional Quranic school. The spread of Islam in Indonesia was a slow, gradual and relatively peaceful process. One theory suggests it arrived directly from Arabia before the 9th century, while another credits Sufi merchants and preachers for bringing Islam to Indonesian islands in the 12th or 13th century either from Gujarat in India or directly from the Middle East. [4]
Nahdlatul Ulama (Indonesian pronunciation: [nahˈdatʊl ʊˈlama], lit. ' Revival of the Ulama ', NU) is an Islamic organization in Indonesia.Its membership numbered over 40 million in 2023, [2] making it the largest Islamic organization in the world. [3]
The term crony capitalism was initially applied to states involved in the 1997 Asian financial crisis such as Indonesia, South Korea and Thailand. In these cases, the term was used to point out how family members of the ruling leaders became extremely wealthy with no non-political justification. [16]
The national emblem of Indonesia contains a shield that represents Pancasila. Pancasila economics (Indonesian: Ekonomi Pancasila), also known as "Indonesian populist economics" (Indonesian: Ekonomi kerakyatan Indonesia), is an economic system which aims to reflect the five principles of Pancasila. [1]
Ulama and kyais, mostly wealthy landowners of rural area, were authoritative figures in this system, and santri (students) learned Islam through taqlid (rote learning) and kitab kuning. Distinct characteristics of traditionalism are based on such syncretism and rural communal dynamics.
Indonesian Ulema Council (Indonesian: Majelis Ulama Indonesia, Arabic: مجلس العلماء الإندونيسي, abbreviated MUI) is Indonesia's top Islamic scholars' body. MUI was founded in Jakarta on 26 July 1975 during the New Order era. [1]