The Role of the State in The Economy: Exploring Fiscal and Monetary Policies in Government (Theoretical Review in Islamic Economics)

Authors

  • Jaudat Iqbal Harris Universitas Islam Negeri Sunan Ampel Surabaya
  • Aqif Khilmia Universitas Islam Negeri Sunan Ampel Surabaya

DOI:

https://doi.org/10.30651/jms.v8i3.19013

Keywords:

Role, Functions, Government Policy

Abstract

The state has the authority to establish policies that support and protect economic growth and activities. The government, as the executor of collective tasks, is considered entrusted by God to create welfare, justice, and a good life for all people. In this study, the author uses a literature review method to examine the roles, functions, and policies in the economy from an Islamic perspective. The results of this study show that the government plays a crucial role in a country's economy. For example, when Indonesia faced the Covid-19 pandemic, the government took comprehensive actions in the fiscal and monetary sectors. In the fiscal sector, the government refocused activities and reallocated budgets, while in the monetary sector, the Ministry of Finance allocated Rp62.3 trillion from the state budget for Covid-19 handling and control, social protection, and incentives for the business sector.

References

Agussalim. (2019). EKONOMI PANCASILA DAN IMPLIKASINYA DALAM PEMBELAJARAN EKONOMI. Jurnal PenKoMi : Kajian Pendidikan dan Ekonomi, 2(1), 16–30. https://doi.org/10.33627/pk.v2i1.150

Chamid, N. (2010). Jejak Langkah Sejarah Pemikiran Ekonomi Islam. Pustaka Pelajar.

Daud, A. (1998). Shohih Sunan Abu Daud. Maktabah Al-Ma’arif.

Deliarnov. (2005). Perkembangan Pemikiran Ekonomi, alih bahasa ikhwan Abidin basri. PT Raja Grafindo Persada.

Hidayatullah, I. (2015). PERAN PEMERINTAH DI BIDANG PEREKONOMIAN DALAM ISLAM. Jurnal Dinar, 1(2). https://doi.org/10.21107/dinar.v2i1.2691

Huda, N., & Idris, H. R. (2013). Ekonomi Makro Islam. Kencana Prenada Media Group.

Kebijakan Fiskal dan Moneter Mengadapi Dampak Covid-19. (n.d.). Retrieved 2 June 2023, from https://www.djkn.kemenkeu.go.id/artikel/baca/13017/Kebijakan-Fiskal-dan-Moneter-Mengadapi-Dampak-Covid-19.html

Kemenkeu. (2021). Informasi APBN 2021 percepatan pemulihan ekonomi dan penguatan reformasi. https://media.kemenkeu.go.id/getmedia/b5715b29-76d8-4357-8cd6-9ce98209c4f3/informasi-apbn-2021.pdf

Maimunah, M., & Yasin, H. (2019). MENGENAL EKONOMI ISLAM DI MASA KHALIFAH UMAR BIN KHATTAB. El-Arbah: Jurnal Ekonomi, Bisnis Dan Perbankan Syariah, 3(02), 57–69. https://doi.org/10.34005/elarbah.v3i02.1052

Masrufah, L. (2022). KEBIJAKAN MONETER FISKAL DALAM PEREKONOMIAN. 2.

Munir, M. (2011). PERAN PEMERINTAH DALAM PEREKONOMIAN DALAM PERSPEKTIF ISLAM. IQTISHODUNA, 1(3). https://doi.org/10.18860/iq.v1i3.206

Muthmainnah, N. (2019). Mekanisme Pasar Dan Regulasi Harga Perspektif Ibn Taimiyah Dan Ibn Khaldun: Sebuah Kajian Komparatif. JES (Jurnal Ekonomi Syariah), 4(1). https://doi.org/10.30736/jesa.v4i1.60

Nangarumba, M. (2016). Analisis Pengaruh Kebijakan Moneter, Kebijakan Fiskal, dan Penyaluran Kredit Terhadap Pertumbuhan Ekonomi di Provinsi Jawa Timur Tahun 2006-2016. Jurnal Ekonomi dan Ekonomi Studi Pembangunan, 8(2), 114–130. https://doi.org/10.17977/um002v8i22016p114

Nasution, Y. S. J. (2018). Mekanisme Pasar Dalam Perspektif Ekonomi Islam. Jurnal At-Tawassuth, 3(1), 22. http://dx.doi.org/10.30821/ajei.v3i1.1695

Natadipurba, C. (2016). Ekonomi Islam 101 (Cetakan ke 2). PT Mobidelta Indonesia.

Nurlina, & Zurjani. (2018). Dampak Kebijakan Fiskal dan Monter dalam Perekonomian Indonesia. JURNAL SAMUDRA EKONOMIKA, 2(2). https://doi.org/10.1234/jse.v2i2.1152

Oky, R. (2019). TEORI PAJAK MENURUT ABU YUSUF SEBUAH ALTERNATIF SOLUSI PERPAJAKAN DI INDONESIA. Iqtishoduna: Jurnal Ekonomi Islam, 8(1).

P3EI, P. (2015). Ekonomi Islam. Raja Grafindo Persada.

Peranan Negara Dalam Perekonomian (Perspektif Islam). (n.d.). Ikatan Ahli Ekonomi Islam Indonesia. Retrieved 30 May 2023, from https://www.iaei-pusat.org/article/ekonomi-syariah/peranan-negara-dalam-perekonomian-perspektif-islam-part-1-1?language=en

Sofyan, S. (2017). Peran Negara dalam Perekonomian (Tinjauan Teoritis Kebijakan Fiskal dalam Ekonomi Islam). HUNAFA: Jurnal Studia Islamika, 13(2), 288. https://doi.org/10.24239/jsi.v13i2.441.288-314

Solihin, B. (2019). KONSEP MEKANISME PASAR DAN PERSAINGAN HARGA DALAM ISLAM. Jurnal Al-Mujaddid, 1(2). https://jurnal.staisebelasapril.ac.id/index.php/almujaddid/article/view/25

Sukardja, A. (2012). Piagam Madinah dan Undang-Undang NRI; Kajian Perbandingan tentang Dasar Hidup Beragama dalam Masyarakat Majemuk. Sinar Grafika.

Suprayitno, E. (2005). Ekonomi Islam. Graha Ilmu.

Sutana, I. (2010). Politik Ekonomi Islam (1st ed.). CV Pustaka Setia.

Turmudi, I. (2019). Kajian Kebijakan Fiskal dan Kebijakan Moneter dalam Islam. An-Nawa : Jurnal Studi Islam, 1(1). https://doi.org/10.37758/annawa.v1i2.143

Yusuf, A. (1979). Kitab al-Kharaj. Dar Al-Ma’arif.

Downloads

Published

2023-11-22

How to Cite

Harris, J. I., & Khilmia, A. (2023). The Role of the State in The Economy: Exploring Fiscal and Monetary Policies in Government (Theoretical Review in Islamic Economics). Jurnal Masharif Al-Syariah: Jurnal Ekonomi Dan Perbankan Syariah, 8(3). https://doi.org/10.30651/jms.v8i3.19013

Issue

Vol. 8 No. 3 (2023)

Section

Artikel

License

The Authors submitting a manuscript do so on the understanding that if accepted for publication, copyright of the article shall be assigned to Jurnal Masharif al-Syariah: Jurnal Ekonomi dan Perbankan Syariah and Faculty Of Islamic Religiuos Universitas Muhammadiyah Surabaya as publisher of the journal.

Copyright encompasses exclusive rights to reproduce and deliver the article in all form and media, including reprints, photographs, microfilms and any other similar reproductions, as well as translations. The reproduction of any part of this journal, its storage in databases and its transmission by any form or media, such as electronic, electrostatic and mechanical copies, photocopies, recordings, magnetic media, etc., will be allowed only with a written permission from Jurnal Masharif al-Syariah: Jurnal Ekonomi dan Perbankan Syariah and Faculty Of Islamic Religiuos Universitas Muhammadiyah Surabaya.

Faculty Of Islamic Religiuos Universitas Muhammadiyah Surabaya, the Editors and the Advisory Editorial Board make every effort to ensure that no wrong or misleading data, opinions or statements be published in the journal. In any way, the contents of the articles and advertisements published in the Tadarus are sole and exclusive responsibility of their respective authors and advertisers.

Rights of Authors
The Jurnal Masharif al-Syariah: Jurnal Ekonomi dan Perbankan Syariah And Faculty Of Islamic Religiuos Universitas Muhammadiyah Surabaya recognize the retention of the following:

  • Patent and trademark rights and rights to any process or procedure described in the article.
  • The right to photocopy or make single electronic copies of the article for their own personal use, including for their own classroom use, or for the personal use of colleagues, provided the copies are not offered for sale and are not distributed in a systematic way outside of their employing institution (e.g. via an e-mail list or public file server). Posting of an article on a secure network (not accessible to the public) within the author institution is permitted.
  • The right, subsequent to publication, to use the article or any part thereof free of charge in a printed compilation of works of their own, such as collected writings or lecture notes.