Pramudya A. Oktavinanda

Dissertation title: 
The Pursuit of Efficiency and Welfare Maximization in Islamic Law

An Indonesian corporate & securities lawyer with a deep passion in law & economics, legal interpretation, and Islamic legal theory. My dissertation research is focused on the application of economic theory in understanding and interpreting Islamic legal provisions.

My main purpose of research is to answer one of the most important questions in theory of Islamic legal interpretation, namely, what is the best way to interpret immutable legal texts, taking into account the development of and change in the society through a period of more than 1,500 years? Should such interpretation theory focus only on the text? Can we instead focus on the underlying purpose of those provisions? Would we ever be able to second guess God's intention?

By analyzing specific provisions of Islamic law as stipulated in the Koran from economics perspective, I intend to demonstrate that the best way to analyze and interpret Islamic law provisions is to view the existence and implementation of those provisions from efficiency and welfare maximization perspective compared to doctrinal approach or other moral considerations. More importantly, I also intend to demonstrate that the use of economic approach is religiously justified based on the Koran, establishing a religious justification for the application of law & economics.

I recieved my LLB from the Faculty of Law, University of Indonesia in 2005, graduating as its best outstanding student, and my LLM from the University of Chicago Law School in 2012. I have 10 years of working experience as a corporate lawyer at the biggest law firm in Indonesia, focusing on complex capital market, securities, and M&A transactions (involving international offerings under Rule 144 A and Reg S of the US 1933 Securities Act). My industries focus are broadcasting, telecommunication, infrastructure, banking, Islamic finance, and Indonesian major state owned companies. Currently, I am a fellow-in-residence at the Law School.

Contact info

The University of Chicago Law School 1111 East 60th Street Chicago, IL 60637