Potential of Shariah Economy in Promoting Sustainable Economic Development in Indonesia
DOI:
https://doi.org/10.52300/jemba.v5i2.21168Keywords:
Islamic Economics, Economic Development, Islamic Finance Social Welfare, Financial InclusionAbstract
Sharia economy is increasingly gaining attention as an alternative to a just and sustainable economic system. In the context of economic development, the sharia approach is not only oriented towards growth, but also pays attention to aspects of distribution, ethics, and social welfare. This article discusses the potential of sharia economy in driving sustainable economic development in Indonesia by highlighting the role of sharia financial institutions, zakat instruments, waqf, and microfinance. The methods used are literature studies and qualitative descriptive analysis. The results of the study indicate that sharia economy has an effective mechanism in reducing poverty, empowering communities, and creating an inclusive economic system. However, to maximize its contribution, strengthening regulations, increasing public literacy, and collaboration between the government, private sector, and religious institutions are needed
Downloads
References
Arifin, M. H. F., & Chotib, M. (2025). Systematic Literature Study on the Role of Islamic Economics in Sustainable Economic Development. 2(1), 74–84.
Chapra, M. U. (2001). Islamic economic thought and the new global economy. Islamic Economic Studies, 9(1).
Coscieme, L., Mortensen, L. F., Anderson, S., Ward, J., Donohue, I., & Sutton, P. C. (2020). Going beyond Gross Domestic Product as an indicator to bring coherence to the Sustainable Development Goals. Journal of Cleaner Production, 248, 119232.
Fitriady, A., Silvia, V., & Suriani, S. (2022). The Impact of Macroeconomic Variables on the Real Economic Growth in Indonesia. International Journal of Global Optimization and Its Application, 1(2), 70–79.
Hassan, K., & Lewis, M. (2009). Handbook of Islamic banking. Edward Elgar Publishing.
Hidayat, S. E., Samidi, S., & Nasution, A. (2021). The alignment and misalignment of the Islamic economics curriculum with the indonesian government policy. Share: Jurnal Ekonomi Dan Keuangan Islam, 10(1), 61–83.
Mansoor Khan, M., & Ishaq Bhatti, M. (2008). Islamic banking and finance: on its way to globalization. Managerial Finance, 34(10), 708–725. https://doi.org/10.1108/03074350810891029
Marcella, R., & Alkarimi, F. A. (2024). SAQIFAH : Jurnal Hukum Ekonomi Syariah EMPOWERMENT OF PRODUCTIVE WAQF FUNDS FOR STUNTING PREVENTION FROM THE PERSPECTIVE OF SHARIA ECONOMICS. 9(2), 79–90.
Muhammad, R. (2019). Challenges of Islamic Supervisory in The Islamic Financial Technology Industry. 10, 311–338.
Suraiya, N. (2022). Sharia Financial Management Alternative Sources In Encouraging Micro, Small And Medium Enterprises Expansion In Indonesia. El-Qish: Journal of Islamic Economics, 2(2), 113–125.
Todaro, M. P., & Smith, S. C. (2020). Economic Development. Thirteenth Edition. In Pearson (Issue 13th Edition). https://www.mkm.ee/en/objectives-activities/economic-development
Yasen, S. (2018). Internalization Of Balance And Justice Value Sharia Economic System In Indonesia. Jurnal Hukum Ekonomi Syariah, 2(2), 80–94.
