Fiscal Policy in Review Sharia Economic System

Sumadi Sumadi

doi:10.61132/iceat.v3i1.255

Authors

Sumadi Sumadi Institut Teknologi Bisnis

DOI:

https://doi.org/10.61132/iceat.v3i1.255

Keywords:

Economic Development, Economic System, Fiscal Instruments, Fiscal Policy, Sharia Economics

Abstract

In a state fiscal policy is a state obligation and becomes the right of the people as a form of ri'ayatusy syu'un so that fiscal policy is not merely a necessity for economic improvement and for improving people's welfare. However, fiscal policy in the Islamic economic system does not rely on economic growth as in the capitalist economic system but refers to the creation of a fair economic distribution mechanism, because the essence of economic problems that afflict mankind is derived from how the distribution of assets in society occurs. This type of research is a qualitative research with a descriptive approach that uses the literature study method as a method of completion. The study object of research regarding fiscal policy in terms of the Islamic economic system. Fiscal policy plays an important role in the Islamic economic system when compared to monetary policy. Fiscal policy (fiscal policy) is government actions to improve general welfare through government revenue and expenditure policies, mobilization of resources, determining prices for goods and services from companies.

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