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Model Kebijakan Moneter Islam dalam Menghadapi Krisis Ekonomi Amirullah, Sir Haykal Alam; Yazid, Muhammad
Jurnal Keislaman Vol. 8 No. 1 (2025): Jurnal Keislaman
Publisher : Sekolah Tinggi Agama Islam Taruna Surabaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54298/jk.v8i1.394

Abstract

This study aims to determine various Islamic monetary policies that can be used to deal with economic crises such as monetary crises and inflation. Monetary policy is a policy carried out by the central bank in this case is BI (Bank Indonesia) to regulate the amount of money in circulation and interest rates. However in the Islamic perspective,  the interest rate is a form of usury, so in the Islamic perspective the interest rate is changed to zakat of 2.5%. Through the library research methodology, researchers collect data from previous journals and several books to find out what models can be done by Islamic monetary policy in dealing with economic crises. The results of the study show Islamic monetary policy models that can be used to deal with economic crises such as 1) Reserve Ratio, 2) Moral Suassion, 3) Lending Ratio, 4) Refinance Ratio, 5) Profit Sharing Ratio, 6) Islamic Sukuk, 7) Government Investment Certificate, and 8) Sharia mutual funds. This study provides an understanding of various models of Islamic monetary policy to avoid usury to overcome economic crises. And this proves that sharia-based monetary policy can compete in modern times today.
An Analysis of the Islamic Capital Market as an Alternative Income Source for Gen Z Students: A Case Study from Faculty of Islamic Economics and Business Amirullah, Sir Haykal Alam; Nabila, Adzkia; Aizzah, Dwi Izky; Putra Habibi, M Dhuha Agfa Davi
International Journal of Islamic Thought and Humanities Vol. 4 No. 2 (2025): International Journal of Islamic Thought and Humanities
Publisher : Sekolah Tinggi Agama Islam Taruna Surabaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54298/ijith.v4i2.689

Abstract

This study is motivated by the need for students to obtain flexible alternative income without disrupting their tight academic schedules. This research aims to analyse the potential of the Islamic capital market as an income source for Gen Z students, with a case study at the Faculty of Islamic Economics and Business (FEBI) UINSA. Using a descriptive qualitative method, data were collected through in-depth interviews with three student investors with diverse backgrounds, triggers, and initial capital. The results indicate a direct correlation between preparatory research and profitability, whereas emotion-based investing (FOMO) leads to underperformance. The study's key finding is that initial capital size is not the primary determinant of success; the participant with the lowest capital achieved the highest nominal profit through strong fundamental and technical analysis. The study concludes that the Islamic capital market has significant potential as an alternative income source for students, provided it is supported by adequate literacy and methodology, and recommends that educational institutions strengthen capital market education to mitigate speculative risks.