The Role of Sharia Economics in Economic Resilience Towards a Golden Indonesia 2045

Hidayat, Adi and Akbar, Wahyu and Pelu, Ibnu Elmi A.S. and Tarantang, Jefry (2024) The Role of Sharia Economics in Economic Resilience Towards a Golden Indonesia 2045. INTERNATIONAL JOURNAL OF ECONOMIC LITERATURE, 2 (2). pp. 63-78. ISSN 3026-0221

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Abstract

This study delvesinto the role ofIslamic economicsin achieving economic resilience and how this role cancontribute to Indonesia's vision of "Indonesia Emas" (Golden Indonesia). The research analyzes literatureand employs conceptual analysis methods to elucidate various ways in which Islamic economics can strengthen the foundation of Indonesia's economic resilience. It is hoped that a profound understanding ofthe principles of Islamic economics will enable the incorporation of Islamic principles into national economic policies. The study indicates that the
implementation of Islamic economics can contribute to inclusive and sustainable economic growth. Forstrategic projects, Sharia-compliantfinancial instrumentssuch assukuk and Islamic banking can be utilized to generate sustainable sources of funding. Additionally, the principles of Islamic economics can help sustain the real sector of the economy and reduce systemic risks in the context of economic resilience. By implementing Islamic economics, small and medium enterprises (SMEs) and local economic sectors may thrive, enhancing income distribution and reducing economic inequality. In conclusion, this research discusses the role of Islamic economics in achieving
economic resilience both conceptually and practically. The findings of this study are expected to provide a foundation for the development of sustainable and inclusive policies, aligning with Indonesia's commitmentto becoming a "Golden" country in the context of a just and sustainable economy

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