Al-Mustashfa: Jurnal Penelitian Hukum Ekonomi Syariah
Vol. 9 No. 2 (2024)

Relevance of Inflation Control According to M. A. Mannan With Law No. 3 Of 2004

Mabruri Andatu (Sekolah Tinggi Ilmu Syariah Al Wafa Bogor Indonesia)
Tajul Arifin (Pascasarjana UIN Sunan Gunung Djati Bandung)



Article Info

Publish Date
12 Dec 2024

Abstract

This research is motivated by the frequent inflation challenges faced by Indonesia, attributed to the limited integration of sharia principles in maintaining economic stability. The study aims to analyze the compatibility of M. A. Mannan's inflation control mechanisms with the provisions of Law No. 3 of 2004 on Bank Indonesia, particularly Article 10 Paragraph 1. Mannan's concept offers a mechanistic approach to understanding the factors affecting inflation and effective control methods. This study examines the alignment between Mannan's principles and existing legal frameworks, including the role of Bank Indonesia in ensuring price stability. The findings reveal that, despite theoretical and practical differences, Mannan's proposed mechanism complements the strategies outlined in the law, providing valuable insights for effective monetary policymaking. This research adopts a normative juridical approach and descriptive analysis method, with data collected and analyzed using qualitative techniques. The results indicate notable differences and similarities between Indonesia's inflation control and Mannan's monetary policy concept. The findings underscore the importance of integrating Mannan's approach into Indonesian monetary policies to enhance inflation control and national economic stability.Keywords: Inflation Policy, Islamic Economy, M.A.Mannan, Bank Indonesia, Price Stability

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Journal Info

Abbrev

al-mustashfa

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Subject

Description

Al-Mustashfa: Jurnal Penelitian Hukum Ekonomi Syariah publishes original and recent studies that focus on normative, empirical, and comparative analyses of Sharia economic law and its application across various modern economic sectors in different countries, particularly in Indonesia. The scope of ...