Macroeconomic Stability on Islamic Economic Perspective: Towards Equitable and Sustainable Economic Growth

Presenters: Risdiana Himmati, Citra Mulya Sari, Lativa Hartiningtyas, Rendra Erdkhadifa
Affiliation: Sayyid Ali Rahmatullah Tulungagung State Islamic University
Room: 2 (Online)

ICIES News- The 4th International Conference on Islamic Economics Studies (ICIES) 2024 showcased a pioneering presentation by scholars from Sayyid Ali Rahmatullah Tulungagung State Islamic University. The research, titled “Macroeconomic Stability on Islamic Economic Perspective: Towards Equitable and Sustainable Economic Growth,” was presented by Risdiana Himmati, Citra Mulya Sari, Lativa Hartiningtyas, and Rendra Erdkhadifa, shedding light on the principles of Islamic economics in fostering stable and fair economic growth.

This study delves into the critical aspects of achieving macroeconomic stability through the lens of Islamic economics, which emphasizes justice, equitable income distribution, and the elimination of usurious practices. The researchers argue that government policies, such as the implementation of zakat (almsgiving) and adherence to Islamic monetary principles, are pivotal in establishing economic stability.

Employing a literature study approach, the research underscores the importance of evaluating economic policies to ensure they promote a fair and sustainable economy. The analysis indicates that from the perspective of Islamic economics, macroeconomic stability can be achieved and enhanced through policies that support economic investment, equitable income distribution, and sustainable economic growth.

The findings of this study are particularly significant for policymakers and economic strategists seeking to align their policies with Islamic economic principles. The research advocates for a holistic approach where justice and equity are central to economic policy, ensuring that growth is not only robust but also inclusive and sustainable.

The presentation at ICIES 2024 highlighted the need for a paradigm shift in economic policy-making, aligning it with the ethical and equitable framework of Islamic economics. This approach not only addresses the root causes of economic disparity but also promotes a stable and resilient economic environment.

For further insights and detailed discussions, the research team from Sayyid Ali Rahmatullah Tulungagung State Islamic University can be contacted through their official channels.

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