Economic Growth in Indonesia: A Comparative Study of Conventional and Islamic Economic Theories DOI Creative Commons

Abdul Rahman Assafii,

Nita Triana, Ahmad Zayyadi

et al.

International Journal of Social Science and Religion (IJSSR), Journal Year: 2024, Volume and Issue: unknown, P. 529 - 546

Published: Dec. 22, 2024

This article discusses the theory and dynamics of economic growth in Indonesia with a focus on comparative analysis between conventional Islamic approaches. The period studied covers years 2018 to 2023, during which both systems show significant developments their contribution national growth. Conventional economics, key indicators such as Gross Domestic Product (GDP) per capita income, focuses accumulation capital, labour, technology. In contrast, economics prioritises principles justice, social welfare prohibition usury, are realised through instruments ZISWAF (Zakat, Infaq, Sadaqah Waqf) sharia-based finance. Through descriptive-analytical approach, this identifies advantages challenges offers rapid but often faces problems inequality exclusion. On other hand, contributes financial inclusion, equity poverty alleviation, although it constraints legal regulatory infrastructure. shows that integration two approaches can provide holistic solution for inclusive sustainable Indonesia, support achievement Sustainable Development Goals (SDGs).

Language: Английский

The environmental impact of green trade and circular trade: Does urbanization matter? DOI Creative Commons
Dorothea Ramizo, Helen Cabalu, Mark N. Harris

et al.

Cleaner Production Letters, Journal Year: 2024, Volume and Issue: unknown, P. 100086 - 100086

Published: Dec. 1, 2024

Language: Английский

Citations

0
Economic Growth in Indonesia: A Comparative Study of Conventional and Islamic Economic Theories DOI Creative Commons

Abdul Rahman Assafii,

Nita Triana, Ahmad Zayyadi

et al.

International Journal of Social Science and Religion (IJSSR), Journal Year: 2024, Volume and Issue: unknown, P. 529 - 546

Published: Dec. 22, 2024

This article discusses the theory and dynamics of economic growth in Indonesia with a focus on comparative analysis between conventional Islamic approaches. The period studied covers years 2018 to 2023, during which both systems show significant developments their contribution national growth. Conventional economics, key indicators such as Gross Domestic Product (GDP) per capita income, focuses accumulation capital, labour, technology. In contrast, economics prioritises principles justice, social welfare prohibition usury, are realised through instruments ZISWAF (Zakat, Infaq, Sadaqah Waqf) sharia-based finance. Through descriptive-analytical approach, this identifies advantages challenges offers rapid but often faces problems inequality exclusion. On other hand, contributes financial inclusion, equity poverty alleviation, although it constraints legal regulatory infrastructure. shows that integration two approaches can provide holistic solution for inclusive sustainable Indonesia, support achievement Sustainable Development Goals (SDGs).

Language: Английский

Citations

0