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Journal : Journal of Islamic Economics and Philanthropy

Islamic Banks and Monetary Variables in Indonesia Sari, Rahma; Subagya, Denysa Cristiana; Laela, Khusnul; Ridani, Fara; Kurniawan, Mahrus Lutfi Adi
Journal of Islamic Economics and Philanthropy Vol. 7 No. 2 (2024): November
Publisher : Universitas Darussalam Gontor

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21111/jiep.v7i2.12563

Abstract

The pattern of sharia banking which is different from conventional banks can be seen during the crisis, where sharia banking is procyclical during the crisis and countercyclical during the expansion period, this shows that sharia banking prevents a worse crisis from occurring. This pattern must be balanced with caution in implementing monetary policy, because monetary policy is very closely related to the financial sector, including the sharia financial sector. This research aims to analyze monetary variables on sharia banking financing. Monetary variables used include the BI rate, money supply, exchange rate, production index as a proxy for GDP and inflation. The research use time-series data and the OLS method. The research result show that monetary variables have a significant effect on sharia banking financing. This research implication is that the monetary policy implemented focuses on price stability and the domestic economy to support the growth of sharia banking financing.
Strategy And Optimization of the Role of Productive Waqf in People’s Economic Empowerment Gatari, Altis Puspa; Zuhairoh, Saffaanah; Darokah, Husna Enggar Dani; Putra, Budi Jaya; Lubis, Ramadhona Amalia; Kurniawan, Mahrus Lutfi Adi
Journal of Islamic Economics and Philanthropy Vol. 7 No. 3 (2025): February
Publisher : Universitas Darussalam Gontor

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21111/jiep.v7i3.12784

Abstract

Waqf is an Islamic economic instrument that has great potential in supporting social and economic development. However, in Indonesia, waqf management is still not optimal, with most waqf assets not being utilized productively. This article analyzes the strategy and optimization of productive waqf in community economic empowerment, highlighting the challenges faced and innovative solutions that can be applied. The research method used is a literature study with a qualitative approach. The results show that effective strategies to maximize productive waqf include strengthening regulations, increasing the capacity of nadzir, integration with Islamic financial institutions, and implementing waqf-based business models. Case studies from various countries show that well-managed waqf can have a significant economic impact, including in the education, health and micro-enterprise sectors. This study concludes that with the implementation of appropriate strategies, productive waqf can be an important instrument in economic empowerment and improving the welfare of the community, as well as supporting sustainable economic development.