ABSTRACT
A dual economy of morality may develop in which market behavior violates values and sentiments central to other sectors of social life. A society can learn to live with such moral segmentation and the political inequality on which it is typically premised. This chapter examines the situation of Muslims in contemporary Indonesia's economic transformation. It then examines Muslim ideas and initiatives on business and ethics. The chapter provides a brief sketch of a few recent Muslim economic initiatives and the ideological context against which they have taken place. Muslim economic strategies have been influenced not merely by their perception of market justice but—the moral embedding issue once again—by their perception of the logic and legitimacy of the political-economic system as a whole. The chapter concludes with a general reflection on the political and ethical dilemmas faced by the Muslim community in attempting to gain a toehold in the "New Order" economy.
