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All Journal IJTIHAD Journal of Islamic Economic Laws AL IMARAH : JURNAL PEMERINTAHAN DAN POLITIK ISLAM El-Qist : Journal of Islamic Economics and Business (JIEB)
Firsty Izzata Bella
Universitas Airlangga
Religion Arts Humanities Economics, Econometrics & Finance Law, Crime, Criminology & Criminal Justice Library & Information Science Social Sciences

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Journal : IJTIHAD

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Impact of Covid-19 on the Financial System in Indonesia: Islamic and Conventional Financial System Firsty Izzata Bella
Ijtihad Vol. 15 No. 1 (2021)
Publisher : Universitas Darussalam Gontor

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (568.538 KB) | DOI: 10.21111/ijtihad.v15i1.4741

Abstract

This research intended to open a discussion regarding the Islamic Financial System (IFS) by providing an in-depth explanation, comparing with the Conventional Financial System (CFS), and seeing the impact of pandemic Covid-19 on the financial system in Indonesia. Through qualitative-descriptive research method specifically utilizing literature studies and case analysis, it is noticeable that Covid-19 has had a very significant impact on the financial system in Indonesia which can be found from money market and capital market. The results depicted that in general, IFS should be applicable not only to Muslim countries, but also to non-Muslim countries. Also, it is known that the impact of the Covid-19 pandemic is real and large, especially on the financial system globally and in Indonesia particularly.
Co-Authors Fitria Idham Chalid Sri Iswati Supriani, Indri Yunice Karina Tumewang