Jusuf Wibisono

Minister of Finance from 1951 until 1952 and again from 1956 until 1957, under the Soekiman and Second Ali Sastroamidjojo cabinets. Originating from Magelang, Wibisono took part in Islamic organizations in the nationalist movement from his school years. He joined Masyumi during the Indonesian National Revolution, and became a leading member within the party despite disagreements with other party leaders such as Mohammad Natsir

proclamation of Indonesian independence, Wibisono was appointed into the Central Indonesian National Committee (KNIP), and became a member of the KNIP's working body.^[6] He was later appointed Junior Minister of Prosperity in the Third Sjahrir Cabinet.^[7]

Soekiman's cabinet, announced on 26 April 1951.^[11] In his first press conference after being sworn in, Wibisono announced the nationalization of De Javasche Bank, the colonial central bank.^[12][13] The nationalization process under Wibisono was voluntary – that is, shares were purchased at above market price – and Wibisono noted that he would not be immediately replacing foreign staff with Indonesian ones. By October 1951, the government had taken over 97 percent of the company's shares, and by December the bank was officially nationalized.^[14] He later served in the bank's council of advisors in-between his ministerial tenures.^[15]

Chinese Indonesian businesses.^[19] In 1953, he was appointed chairman of the Union of Muslim Workers of Indonesia (SBII), the labor organization wing of Masyumi. He served at this post until 1966.^[20] He made public statements calling for the increase of the work day (from seven hours to eight),^[21] and was briefly examined by prosecutors after criticizing members of the First Ali Sastroamidjojo Cabinet.^[22]

Iskaq Tjokroadisurjo, perceived to be favoring the Indonesian National Party (PNI). Iskaq proceeded to resign, and the motion of no confidence was defeated.^[26] He returned to his post as finance minister in the Second Ali Sastroamidjojo Cabinet.^[27] Disbursements to politically affiliated businesses continued, and in one case in July 1956, Wibisono provided favors for a Nahdlatul Ulama-affiliated business to ensure Sjafruddin Prawiranegara's reappointment as governor of Bank Indonesia.^[28] He also announced a reduction of 30 percent in the government headcount, to be implemented in stages, and the program was not executed during his tenure.^[29] He resigned on 9 January 1957 and was replaced with Djuanda Kartawidjaja.^[30] After the end of his ministerial tenure, he was arrested under corruption charges in April 1957, although he was released by March 1958 – officially for a lack of evidence.^[31]

Indonesian Communist Party gained significant powers and Wibisono wanted Masyumi to work with the PNI and Christian parties in order to prevent the Communists from entering government. Wibisono was willing to give significant concessions such as increasing President Sukarno's power to do this, but he was sidelined and instead the party under the new leadership of Prawoto Mangkusasmito opted to form a united front with other Islamic parties.^[33][34]

conspiracy charges and was imprisoned for nearly three years without trial.^[38] In mid-1966, Wibisono and other former Masyumi leaders were released from prison following the fall of Sukarno.^[39] Alongside Soekiman, Wibisono considered establishing their own political party which would be founded on Islam but which "mustn't be too religious".^[a] However, both men decided against it after consulting with figures from the new regime. Instead, Wibisono joined the ranks of the Indonesian Islamic Union Party (PSII),^[b] but after the PSII's poor performance in the 1971 Indonesian legislative election, he opted to retire from politics.^[34][40] He died on 15 June 1982 at Dr. Cipto Mangunkusumo Hospital in Jakarta.^[41]