Author
Fitri Amalia(1
), Maisyaro , Kholida(2), Muhammad Albahi(3),
(1) Universitas Islam Negeri Sultan Syarif Kasim Riau,
(2) ,
(3) ,
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Available online: 2024-12-18 | Published : 2024-12-18
Copyright (c) 2024 Fitri Amalia, Maisyaro , Kholida, Muhammad Albahi
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Abstract
This study discusses the role of Islamic money and financial institutions in the Indonesian macro economy, focusing on their interaction with monetary policy and economic stability. The study uses a qualitative method with a literature study approach. The findings show that the Islamic financial system offers an alternative based on sharia principles that avoid interest (riba), with instruments such as profit sharing and asset-based financing. Islamic financial institutions play a significant role in supporting inclusive economic growth, reducing inflation, and encouraging monetary stability through instruments such as sukuk. In addition, these financial institutions have great potential in creating sustainable economic development, especially in countries with a majority Muslim population, including Indonesia
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References
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