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All Journal Jurnal Riset Rumpun Ilmu Sosial, Politik dan Humaniora (JURRISH) Jurnal Ekonomi dan Bisnis
Sendy Setia Ardifta
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Economics, Econometrics & Finance Environmental Science Social Sciences

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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.
Globalisasi Ekonomi dan Tantangannya terhadap Ekonomi Politik Islam Bella Permata Sari; Devika Putriani; Diva Oktanadia; Rama Harfi Ferdinan; Sendy Setia Ardifta; Hotman Hotman
Jurnal Riset Rumpun Ilmu Sosial, Politik dan Humaniora Vol. 4 No. 3 (2025): JURRISH: Jurnal Riset Rumpun Ilmu Sosial, Politik dan Humaniora
Publisher : Pusat Riset dan Inovasi Nasional

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55606/jurrish.v4i3.5672

Abstract

Economic globalization is a process that significantly impacts the structure and values within Islamic political economy. Market integration, trade liberalization, and cross-border capital flows have created an increasingly competitive and capitalistic global economic order. On one hand, globalization provides opportunities for developing countries, including Indonesia, to access new technologies, expand export markets, and increase foreign investment. However, on the other hand, globalization also poses serious challenges for Islamic political economy, particularly due to the dominance of capitalist principles that contradict the fundamental values of Islamic economics, such as justice ('adl), balance (tawazun), and the prohibition of riba and gharar. Additionally, internal challenges such as low community literacy, a lack of innovation in Sharia-compliant financial products, and insufficient policy support further hinder the development of the Islamic economy. This research employs a descriptive qualitative method based on literature studies to analyze the impact of globalization on Islamic political economy. The findings indicate that adaptive strategies, innovation enhancement, regulatory strengthening, and the improvement of literacy and research are necessary for Islamic political economy to play a strategic role in addressing the challenges of globalization. Thus, it is hoped that Islamic political economy can contribute to the realization of a more just and sustainable global economic order.
Co-Authors Akhmad Kholil Bella Permata Sari Desta Ayu Aristianti Devika Putriani Diva Oktanadia Hotman Hotman Nelmy Fitria Utami Rama Harfi Ferdinan Suci Hayati