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Journal : Al-Fadilah: Islamic Economics Journal

Analysis of the Influence of Sharia Monetary Policy on Economic Development in Indonesia Rania Ningsih; Bilal Kautsar Setiabudi; Moh azfahani zain; Nasya Amelia Putri
Al-Fadilah: Islamic Economics Journal Vol. 2 No. 1 (2024): Potential and Innovation in Islamic Economic
Publisher : Penerbit Hellow Pustaka

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61166/fadilah.v2i1.18

Abstract

The Islamic economic system is considered capable of contributing to the global economy, including in Indonesia. This article aims to analyze monetary policy in Indonesia from an Islamic economic perspective. In this research, researchers observe monetary policy instruments, namely open market operations, where in general, monetary targets are aimed at encouraging economic growth and stabilizing inflation. The methodology used is a literature study approach to three main journals and several national and international journal articles related to sharia monetary. The main finding of this research is that the development of sharia-based monetary policy in Indonesia is considered to have an important role in economic development in Indonesia.
Analysis of Islamic Political Economic Thought During the Khulafa Arrosyidin Period Samsul Arifin; Rania Ningsih; Vifin Nadzary Al Awaly; Mashudi
Al-Fadilah: Islamic Economics Journal Vol. 3 No. 1 (2025): Potential and Innovation in Islamic Economic
Publisher : Penerbit Hellow Pustaka

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61166/fadilah.v3i1.35

Abstract

This study aims to review how Islamic political economic thinking was during the time of the Khulafaur Rasyidin, consisting of Abu Bakar as-Siddiq, Umar bin Khattab, Utsman bin Affan, and Ali bin Abi Thalib. In their government, Islamic economic policies were implemented based on the Qur'an and Hadith, aiming to achieve the welfare of the people. This study was conducted using a library research method or approach or a qualitative approach. Literature study is a series of activities related to the method of collecting library data, reading and recording and processing research materials. The results of the study show that the application of Islamic economics by the Khulafaur Rasyidin succeeded in creating economic stability and a just government, even though it was colored by internal political conflict.