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Journal : Indonesia Economic Journal

Kebijakan Moneter dalam Tinjauan Tiga Mazhab Ekonomi Islam Terhadap Permintaan Uang Abelia Olivia Putri; Vani Gusti Andini; Suci Hayati
Indonesia Economic Journal Vol. 1 No. 1 (2025): JUNI
Publisher : Indo Publishing

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.63822/rqt86j82

Abstract

This study aims to examine monetary policy from the perspective of the three major schools of thought in Islamic economics Mainstream, Alternative, and Revivalist schools with a focus on the concept of money demand. These schools differ significantly in their epistemological foundations, methodologies, and approaches to economic theory and policy within the Islamic framework. This research employs a qualitative-descriptive method through a literature review of various prominent Islamic economic thinkers. The findings reveal that the Mainstream school is adaptive to the modern economic system, accepting conventional monetary instruments adapted to Sharia principles, and interprets money demand through a modified Keynesian approach that excludes speculative motives. In contrast, the Alternative school rejects interest-based monetary systems, emphasizes the role of the real sector, and views money as a tool for productive transactions that must avoid accumulation and speculation. Meanwhile, the Revivalist school takes a normative and idealistic stance, advocating a return to the dinar and dirham (gold and silver currency) system and rejecting fiat money, aiming to establish monetary justice based on intrinsic value. The study concludes that the differences among these schools reflect the rich diversity of thought within Islamic economics. No single school offers a definitive solution to monetary issues, making an integrated approach across schools more contextual and applicable in formulating Islamic monetary policies that are just, stable, and responsive to the challenges of the global economy.
Analisis Hubungan antara Suku Bunga, Nilai Tukar, dan Jumlah Uang Beredar Terhadap Inflasi di Indonesia Bahrur Rokhim; Aurel Rani Avidesta R; Dhenia Lizariani; Suci Hayati
Indonesia Economic Journal Vol. 1 No. 1 (2025): JUNI
Publisher : Indo Publishing

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.63822/efxhsm47

Abstract

One of the economic problems that has received a lot of attention is inflation, because inflation is an important indicator in assessing the level of economic stability of a country. Inflation that occurs in a country can reduce people's purchasing power due to continuous price increases. Inflation can occur due to various factors, including the influence of interest rates, exchange rates, and the amount of money in circulation. This study aims to determine the effect of interest rates, exchange rates, and the amount of money in circulation on inflation in Indonesia. The research method used in this study is a qualitative method with data collection techniques sourced from various types of literature, such as journals, books, BPS and online sources (Google Scholar). The results of the study obtained are that interest rates have a positive and significant effect on inflation in Indonesia, exchange rates also have a positive and significant effect on inflation in Indonesia, and the amount of money in circulation has a positive but not significant effect on inflation in Indonesia. Simultaneously, these three aspects affect inflation in Indonesia.
Pengaruh Keuangan Syariah terhadap Pertumbuhan Ekonomi Makro di Indonesia Arif Tirta Permana; Desi Amalia Fadla; Githa Marsyalia Azzahra; Nur Nafisha Fulih; Suci Hayati
Indonesia Economic Journal Vol. 1 No. 1 (2025): JUNI
Publisher : Indo Publishing

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.63822/1p4srp03

Abstract

Penelitian ini bertujuan untuk menganalisis pengaruh keuangan syariah terhadap pertumbuhan ekonomi makro di Indonesia. Kajian ini dilakukan dengan pendekatan kuantitatif menggunakan data sekunder dari Otoritas Jasa Keuangan (OJK), Bank Indonesia, dan Badan Pusat Statistik (BPS). Variabel yang dianalisis mencakup aset perbankan syariah, nilai sukuk negara (SBSN), dan pembiayaan syariah kepada UMKM, serta indikator makroekonomi seperti Produk Domestik Bruto (PDB) dan konsumsi rumah tangga. Hasil penelitian menunjukkan bahwa keuangan syariah memiliki hubungan positif dan signifikan terhadap pertumbuhan ekonomi, baik dalam jangka pendek maupun jangka panjang. Aset perbankan syariah berperan sebagai pendorong intermediasi keuangan yang mendukung pertumbuhan PDB, sedangkan sukuk negara terbukti efektif dalam membiayai pembangunan infrastruktur. Pembiayaan syariah kepada sektor UMKM juga meningkatkan konsumsi dan daya beli masyarakat. Temuan ini menegaskan bahwa keuangan syariah bukan hanya sistem keuangan alternatif, melainkan instrumen strategis dalam pembangunan ekonomi nasional. Diperlukan sinergi kebijakan antara otoritas fiskal dan moneter untuk memperkuat peran keuangan syariah secara berkelanjutan.
Co-Authors Abelia Olivia Putri Ade Farid Adnan Wijaya Ahmad Syarif Aim Matus Sholihah Akhmad Kholil Akhus Nur Salim Alfira Kelda Alif Ghufron Al-Fattah Amanda Aulia Annisa Istikomah Annisa Rakhma Dewi Arif Tirta Permana Aulia Rakhmi Aurel Rani Avidesta R Aurelia Cahya Aini Azka Najwa Ramadhani Azzahra Meytriana Bahrur Rokhim Bella Permata Sari Cahyani Dwi Erawati Dea Marsa Amelia Dela Khusnul Hotimah Desi Amalia Fadla Desta Ayu Aristianti Destrinelli Devi Aulia Ulva Devika Putrani Dewi Jannati Asih Putri Dhenia Lizariani ELVI MAILANI Ely Elsanti Faizal Chan Farhan Trisna Maulana Fikri Nuriad Githa Marsyalia Azzahra husnul fatarib Imelda Deva Kirana Inggis Shalma Zahira Intan Aulia Denada Julia Rahma Sahara Kartika Nurrosidah Keysya Muyasaroh Khasanah Khairani, Eka Ulfa Lutfi Ananda Widya Syari M. Ibnu Rizal M. Rafiudin Safikri Masna Ani Saputri Maulida Hasyima Mayla Tania Mustika Wulandari Naeklan Simbolon Naila Dava Eliza Nanda Tiara Dewi Nelmy Fitria Utami Neti Hasaroh Nova Elisa Nur Nafisha Fulih Nuraini Nursalamah Pradita Mawardani Puja Audinia Artika Puspita Andraini Putri Eka Marsilal Putri Rahmawati Putri Setianingsih Rama Maulana Rana Asmaul Latif Randi Muhammad Irawan Rara Presila Rifki Arif Nugraha Rini Agustin Muda Risma Sitohang Ronal Jusupan Maulana Rosidah Selvira Zahrani Sendy Setia Ardifta Sheilla Aulia Sopia Icha Maharani4 Sulaeman, Yeni Vani Gusti Andini Vemas Praditya Pangestu Vika Putri Nurwinda Wulan Purnama Sari Yantoro Yantoro Yantoro Yusra Nasution Zahyuni, Violita Zakky Al Hussainy Zaqi Rohman