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KONSEP UANG DALAM PERSPEKTIF EKONOMI ISLAM DAN KONVENSIONAL: KAJIAN KOMPARATIF BERBASIS LITERATUR Ely Elsanti; Nanda Tiara Dewi; Putri Rahmawati; Rana Asmaul Latif; Suci Hayati
Jurnal Ekonomi dan Bisnis Vol. 3 No. 4 (2025): APRIL
Publisher : ADISAM PUBLISHER

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Abstract

This study aims to compare the concept of money in the perspectives of Islamic economics and conventional economics, as well as to identify the implications and challenges in implementing the Islamic economic system in Indonesia. In conventional economics, money is viewed as a commodity that can be bought and sold to generate profit through interest or usury. Conversely, in Islamic economics, money serves solely as a legitimate medium of exchange and cannot be used to generate profit that contradicts Sharia principles, such as usury. This study shows that while the conventional economic system promotes rapid economic growth, it often leads to economic instability and social inequality. On the other hand, Islamic economics, which prioritises justice, transparency, and fair risk sharing, has the potential to create a more sustainable and inclusive economic system. However, the implementation of Islamic economics in Indonesia still faces several challenges, including low sharia financial literacy, gaps in understanding among the public, and regulations that are not yet fully supportive. Nevertheless, with greater support from the government, Islamic financial institutions, and the public, the Islamic economic system holds promising prospects for contributing to a more equitable and sustainable economic growth in Indonesia in the future.
PERBEDAAN KEBIJAKAN FISKAL DALAM EKONOMI KONVENSIONAL DAN PERSPEKTIF ISLAM Nelmy Fitria Utami; Desta Ayu Aristianti; Akhmad Kholil; Sendy Setia Ardifta; Suci Hayati
Jurnal Ekonomi dan Bisnis Vol. 3 No. 5 (2025): MEI
Publisher : ADISAM PUBLISHER

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Abstract

This article discusses a comparison between conventional fiscal policy and fiscal policy from an Islamic perspective, with a focus on their implementation during the time of the Prophet Muhammad (PBUH) and the Khulafa al-Rashidin. Conventional fiscal policy is based on macroeconomic principles that emphasize growth and stability through the management of taxation and government spending. In contrast, Islamic fiscal policy emphasizes social justice, wealth redistribution, and resource management in accordance with Sharia principles. This study employs a literature review method to analyze various sources related to both fiscal policy systems. The findings indicate that during the era of the Prophet and the Khulafa al-Rashidin, state financial management was conducted through the Bayt al-Mal with a transparent and accountable approach, successfully creating economic stability and societal welfare. The article also highlights the relevance of Islamic fiscal policy principles in the context of the modern economy and encourages further research on integrating ethical values into public budget management. Thus, this article provides valuable insights for policymakers aiming to develop a more inclusive and sustainable economic system.
ANALISIS KORELASI ANTARA LAJU INFLASI DAN TINGKAT PENGANGGURAN AKIBAT PHK MASSAL Nursalamah; Kartika Nurrosidah; Mayla Tania; Julia Rahma Sahara; Suci Hayati
Jurnal Ekonomi dan Bisnis Vol. 3 No. 5 (2025): MEI
Publisher : ADISAM PUBLISHER

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Abstract

Tujuan dari penelitian ini adalah untuk menguji hubungan antara tingkat pengangguran yang disebabkan oleh PHK massal dan tingkat inflasi. Krisis ekonomi telah mengakibatkan pemutusan hubungan kerja (PHK) serta kesenjangan yang semakin lebar antara pasokan peluang kerja upah rendah dan pertumbuhan angkatan kerja baru. Sebagai akibatnya, tingkat pengangguran Indonesia terus meningkat setiap tahunnya. Melalui tinjauan pustaka, penelitian ini menggunakan metodologi kualitatif. Sumber literatur primer dan sekunder dikumpulkan untuk melakukan proses penelitian. Penelitian kualitatif deskriptif adalah jenis penelitian ini. Metode penelitian yang didasarkan pada pengolahan data deskriptif dikenal sebagai metode penelitian kualitatif deskriptif. Menurut temuan penelitian ini, hilangnya pekerjaan dan pendapatan yang disebabkan oleh PHK massal telah meningkatkan tingkat pengangguran dan kemiskinan ketika individu dan keluarga yang terkena dampak merasa sulit untuk memenuhi kebutuhan dasar mereka. Hubungan terbalik antara tingkat inflasi dan pengangguran diamati secara empiris tanpa teori yang kuat; yaitu, jika inflasi meningkat, pengangguran menurun, dan jika inflasi menurun, pengangguran meningkat. Jadi, laju inflasi dan tingkat pengangguran akibat PHK massal memiliki korelasi atau hubungan yang saling berkaitan dan berkebalikan.
Keseimbangan Pasar Uang Bella Permata Sari; Devika Putrani; Rama Maulana; Vemas Praditya Pangestu; Suci Hayati
Journal Economic Excellence Ibnu Sina Vol. 3 No. 2 (2025): Journal Economic Excellence Ibnu Sina
Publisher : STIKes Ibnu Sina Ajibarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59841/excellence.v3i2.2771

Abstract

This study aims to examine the concept of money market equilibrium and the elements that influence it in the context of an open economy. Money market equilibrium occurs when the need for money is equal to the amount available at a certain interest rate. This study uses a quantitative descriptive methodology using secondary data from national financial reports and monetary indicators. The results of the analysis show that interest rates and national income are key variables that influence money market equilibrium. In addition, monetary policy implemented by financial authorities plays an important role in maintaining money market stability. These findings have a significant influence on the formulation of macroeconomic policies, especially in maintaining price stability and encouraging economic growth through efficient liquidity management.
Dampak Inflasi terhadap Daya Beli Masyarakat di Lampung Tahun 2024 dalam Perspektif Ekonomi Makro Annisa Istikomah; Cahyani Dwi Erawati; Rini Agustin Muda; Amanda Aulia; Suci Hayati
Kajian Ekonomi dan Akuntansi Terapan Vol. 2 No. 2 (2025): Kajian Ekonomi dan Akuntansi Terapan (KEAT)
Publisher : Asosiasi Riset Ekonomi dan Akuntansi Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61132/keat.v2i2.1036

Abstract

This study aims to understand the impact of inflation on the purchasing power of communities in Lampung Province throughout 2024 from a macroeconomic perspective using a qualitative approach. The persistent fluctuations in inflation over the year have triggered various responses and adaptation strategies among the public, particularly within economically vulnerable groups. Through in-depth interviews with various informants—such as small business owners, housewives, and informal sector workers—this study finds that inflation has influenced consumption patterns, spending priorities, and how people manage their daily income. A noticeable decline in purchasing power is observed in essential needs and healthcare services. Common coping strategies include switching to alternative products, taking on debt, or reducing overall consumption. The findings suggest that inflation has not only economic implications but also social consequences, highlighting the importance of social protection policies and price stabilization efforts to maintain household economic resiliencej.
Teori Permintaan Uang dan Konsep Uang Beredar dalam Ekonomi Islam Aurelia Cahya Aini; Dea Marsa Amelia; Farhan Trisna Maulana; Sopia Icha Maharani4; Suci Hayati
Jurnal Inovasi Ekonomi Syariah dan Akuntansi Vol. 2 No. 3 (2025): Mei: Jurnal Inovasi Ekonomi Syariah dan Akuntansi (JIESA)
Publisher : Asosiasi Riset Ekonomi dan Akuntansi Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61132/jiesa.v2i3.942

Abstract

Money in the Islamic perspective is understood as a medium of exchange and unit of account that must have real value and be used in productive and fair economic activities. In the theory of demand for money, Islamic economics has three main approaches. The mainstream school adopts the general principles of conventional theory with adjustments to sharia values, such as the prohibition of usury and the requirement for transactions based on real assets. The Iqtisaduna school, emphasizes the relationship between the monetary system and the Islamic social structure based on the values of justice and individual responsibility. Meanwhile, the alternative school criticizes the fiat monetary system and offers a concept based on intrinsically valuable money such as the dinar and dirham. The three schools also provide different views on the concept of money in circulation, ranging from an adjusted conventional monetary policy approach to a model that rejects a paper money system without asset support. This study provides a clear conceptual mapping of the differences and contributions of each school to the development of the theory of demand for money and money circulation management in the Islamic economic system.
Nilai Tukar Uang Konvensional dan Islam Masna Ani Saputri; Imelda Deva Kirana; Aim Matus Sholihah; Puspita Andraini; Suci Hayati
Ekopedia: Jurnal Ilmiah Ekonomi Vol. 1 No. 2 (2025): April-Juni 2025
Publisher : Indo Publishing

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.63822/hent7t97

Abstract

The exchange rate plays a crucial role in a country's economic stability, as it affects the competitiveness of exports and imports, capital flows, and monetary policy. This article presents a comparative review between the exchange rate mechanism in conventional economics based on market demand and supply and central bank policy (floating with fixed exchange rate) with the concept of sharf in Islamic economics that emphasizes the prohibition of usury, speculation, and real asset-based transactions. A descriptive qualitative research method with a desk study approach is used to analyze the latest academic literature and policy documents. The results of the analysis show that although both systems aim at exchange rate stability, Islamic economics offers a framework of fairness and transparency that limits extreme volatility through cash requirements, quantity equivalence (for similar currencies), and minimal intervention to maintain market balance. In contrast, the conventional system is more flexible in responding to global economic shocks but is vulnerable to speculation. These findings underline the importance of integrating sharia principles in the formulation of modern exchange rate policies to minimize uncertainty and support inclusive and sustainable economic growth.
Perbandingan Kebijakan Fiskal dalam Perspektif Konvensional dan Islam: Telaah Teoritis dan Praktik Historis Annisa Rakhma Dewi; Inggis Shalma Zahira; Vika Putri Nurwinda; Suci Hayati
Ekopedia: Jurnal Ilmiah Ekonomi Vol. 1 No. 2 (2025): April-Juni 2025
Publisher : Indo Publishing

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.63822/vycfca54

Abstract

Fiscal policy is one of the main instruments used by the state to manage the economy, both in terms of expenditure and state revenue. This study aims to compare fiscal policy in conventional and Islamic perspectives with a descriptive-qualitative approach. In conventional economics, fiscal policy aims to maintain macroeconomic stability, promote growth, and income distribution through tax instruments and state spending. Meanwhile, in Islamic economics, fiscal policy is designed to achieve the maqashid of sharia, namely social justice, the welfare of the people, as well as equitable distribution of wealth without usury and unethical economic practices. This study also reviews the practice of fiscal policy during the time of the Prophet Muhammad and the Khulafaur Rashidin, which shows the implementation of the state financial system through Baitul Mal and other sources of revenue such as zakat, kharaj, fai, and jizyah. This research shows that although there are similarities in the objectives between the two systems, namely public welfare, there are fundamental differences in the philosophical approaches and policy instruments used. Thus, understanding both perspectives is important in designing a fair and sustainable fiscal policy, especially for Muslim-majority countries.
Pasar Uang dan Kurva LM: Tinjauan Konvensional dan Perspektif Ekonomi Islam Akhus Nur Salim; Alif Ghufron Al-Fattah; Adnan Wijaya; Suci Hayati
Ekopedia: Jurnal Ilmiah Ekonomi Vol. 1 No. 2 (2025): April-Juni 2025
Publisher : Indo Publishing

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.63822/gd368r56

Abstract

This study aims to analyse the concept of money market and LM curve in the perspective of conventional economics and Islamic economics. The method used is library research by reviewing various scientific literature, journals, and relevant official documents. In conventional economics, the money market functions as a means of providing short-term liquidity through interest-based instruments, and the LM curve describes the relationship between interest rates and national income in a money market equilibrium. In contrast, the Islamic economy rejects the practice of usury and makes money solely a medium of exchange, so the Islamic money market uses profit-sharing-based instruments and the principle of fairness in transactions. The LM curve model in Islamic economics needs to be reformulated with a non-usury approach that is in accordance with maqashid sharia. The results of the study show that the difference in basic principles between the two approaches creates a different money market system structurally and normatively. Therefore, understanding these two perspectives is very important in developing an inclusive, fair and sustainable financial system.
Pengaruh ROA dan EPS Terhadap Harga Saham Sektor Consumer Non-Cyclical ISSI Tahun 2023: Perspektif Keseimbangan Umum Keysya Muyasaroh Khasanah; Rara Presila; Suci Hayati
Ekopedia: Jurnal Ilmiah Ekonomi Vol. 1 No. 2 (2025): April-Juni 2025
Publisher : Indo Publishing

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.63822/snykyj37

Abstract

The objective of this study is to evaluate how Return on Assets (ROA) and Earnings Per Share (EPS) affect the share value of the Indonesia Shariah Stock Index (ISSI) non-cyclical consumer sector in 2023, using general equilibrium methodology. This sector was chosen due to its resilience to economic fluctuations and significant contribution to the Islamic capital market. This study uses an explanatory quantitative approach utilising financial statement data from the companies, with analysis conducted through multiple linear regression. The results show a significantly positive impact of EPS on share price, while ROA has an adverse impact, highlighting that investors prioritise earnings per share over asset utilisation. The general equilibrium viewpoint illustrates how the interaction of key factors drives stability in the Islamic stock market, providing suggestions for investors and policy makers in advancing the Islamic capital market.
Co-Authors Abelia Olivia Putri Ade Farid Adnan Wijaya 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 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