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p-Index From 2021 - 2026
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All Journal Solo International Collaboration and Publication of Social Sciences and Humanities International Journal of Economics, Accounting, and Management
M. Arif Faizin
Unknown Affiliation
Humanities Economics, Econometrics & Finance Languange, Linguistic, Communication & Media Law, Crime, Criminology & Criminal Justice Social Sciences Other

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Comparative Analysis of Wealth Redistribution: Fiscal Instruments of the Prophet's Era and Indonesia's Fiscal Policy in Poverty Reduction Siti Itsna Syamsiyah; Muhamad Agus Alfiyan Nur Ahmada; Muhamad Aqim Adlan; M. Arif Faizin
International Journal of Economics Accounting and Management Vol. 2 No. 5 (2026): IJEAM - January 2026
Publisher : PT. INOVASI TEKNOLOGI KOMPUTER

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.60076/ijeam.v2i5.1770

Abstract

This study aims to analyze the comparative study of wealth redistribution from fiscal instruments from the Prophet Muhammad's era and Indonesian fiscal policy in poverty alleviation. Using qualitative research methods with a literature review approach, it was found that the Islamic financial system has had a clear, structured framework, and a social justice orientation since its inception. Zakat is a key pillar, not only an individual act of worship but also a fiscal instrument managed by the state through the Baitul Mal (the Islamic treasury). In addition to zakat, there are other sources such as ghanimah, fai', jizyah, kharaj, usyr, khums, as well as voluntary contributions in the form of infaq, sadaqah, and waqf. When compared with modern Indonesian fiscal policy, there are fundamental differences both in revenue sources and management mechanisms. Indonesia places taxes as the fiscal backbone. The comparative analysis shows that the Prophet Muhammad's fiscal system excels in aspects of target certainty, mechanism simplicity, and a strong moral-spiritual foundation. Meanwhile, the Indonesian fiscal system excels in aspects of modern institutions, legal frameworks, and the ability to manage a more complex economic scale. Indonesia's biggest challenge is how to bridge the Islamic values ​​of social justice with contemporary fiscal policy practices
Tracing the History of Islamic Economic Thought in Southeast Asia: From Sultanate Rule to the Modern Era Kukuh Trisnafi; Ning Wijayanti; M. Arif Faizin
Solo International Collaboration and Publication of Social Sciences and Humanities Vol. 3 No. 03 (2025): Solo International Collaboration and Publication of Social Sciences and Humani
Publisher : Walidem Institute and Publishing

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61455/sicopus.v3i03.479

Abstract

Objective: This study aims to analyze the historical traces of Islamic economic civilization in Southeast Asia, with a focus on the transformation of the economic system in Indonesia, Malaysia, and Brunei Darussalam, from the era of the Sultanate to the development of modern Sharia banks. Theoretical framework: This study uses Islamic economic concepts such as the prohibition of usury, distributive justice (adl), and social welfare (falah), as well as the theory of institutional transformation and economic history, to analyze changes in the Islamic economic system. Literature review: The literature review includes a study of Islamic economics, the history of Islamic civilization in Southeast Asia, and the development of Islamic banks. The focus is on how Islamic economic principles are applied in the modern banking system and the role of the Sharia Supervisory Board in maintaining economic morality. Method: This study uses a qualitative method with a literature study, collecting data from various historical and contemporary sources to understand the transformation of the Islamic economic system in the Southeast Asian region.  Results: The results show the continuity of Islamic economic values, such as the prohibition of usury and distributive justice, from the Sultanate to the implementation of Sharia Bank products based on profit sharing (mudharabah/musharakah). Sharia banks also play a role in the management of social funds and the supervision of economic morality. Implications: These findings can strengthen a more equitable and ethical economic system in Southeast Asia by strengthening Islamic economic principles in the context of contemporary economics and the role of Islamic banks. Novelty: This study combines the study of the history of Islamic economics with the development of Islamic banks, providing new insights into the relevance of Islamic economic values in the framework of modern economics, as well as recommending cross-disciplinary research to understand the evolution of this system.
Co-Authors Kukuh Trisnafi Muhamad Agus Alfiyan Nur Ahmada Muhamad Aqim Adlan Ning Wijayanti Siti Itsna Syamsiyah