Journal of Islamic Economy
Vol. 1 No. 3 (2024): NOVEMBER-JOIE

Bank Indonesia's Strategy in Accelerating Sharia Economic Growth

Ahmad Said (Universitas Muhammadiyah Prof. DR. HAMKA)
Eko Susanto (Universitas Muhammadiyah Prof. DR. HAMKA)



Article Info

Publish Date
27 Nov 2024

Abstract

Seconomy has become an integral part of the Indonesian economic system, especially after the implementation of policies that support the sustainability of this sector. In an effort to accelerate the growth of the sharia economy, Bank Indonesia (BI) plays an important role with various strategic policies implemented to strengthen this sector. The strategies implemented by BI not only include monetary policy, but also financial inclusion, development of the sharia capital market, and strengthening of sharia financial institutions. This study aims to explore more deeply the efforts of Bank Indonesia in encouraging the development of the sharia economy and its impact on overall economic growth. The research method used in this study is a qualitative descriptive approach with analysis of literature studies and relevant secondary data. Based on the analysis conducted, the strategies implemented by Bank Indonesia have proven effective in increasing the contribution of the sharia economy sector to Indonesia's Gross Domestic Product (GDP). Bank Indonesia, through comprehensive policies, provides significant impetus for the growth of the sharia economy, both in terms of macroeconomic policies and the real sector.

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Journal Info

Abbrev

JOIE

Publisher

Subject

Economics, Econometrics & Finance

Description

The journal publishes original articles on current issues and trends occurring internationally in Public Philosophy of Islamic Economics, Islamic Economic Thought, Islamic Economics and Contemporary Issues, Contemporary issues in Islamic Financial Institutions, Islamic Management Islamic Accounting, ...