Shaping financial futures: How does quran surah Yusuf discuss the instruments of the state financial policy?
Abstract
This research presents an in-depth analysis of state financial policy, taking inspiration from the interpretation of the Prophet Yusuf's dream immortalized in Surah Yusuf. Using a qualitative approach and a literature review method that combines tafsir bi al ma'tsur and tafsir bi ra'yi, this research discusses each verse in detail, exploring the relevance of the findings to current scientific developments. The main findings include the seven-year cycle, which is the basis for formulating state financial policies, instruments based on food security strategies, and the determining phases for a country that can prosper or decline. This conclusion underlines the importance of the first and second cycles as policy foundations that should be addressed, opening new insights into understanding and designing state financial policies
References
Abdillah, M. (2001). Agama Ramah Lingkungan Perspektif al- Quran. Jakarta: Paramadina.
Ahmad, Mahadi. (2015). Cash Waqf : Historical Evolution , Nature and Role as an Alternative to Riba-Based Financing for the Grass Root. Journal of Islamic Finance, 4(1), 63–74. https://doi.org/10.12816/0024801
Ahmad, Mahmood, Ahmed, Z., Yang, X., Hussain, N., & Sinha, A. (2022). Financial development and environmental degradation: Do human capital and institutional quality make a difference? Gondwana Research, 105, 299–310. https://doi.org/10.1016/j.gr.2021.09.012
Al-Daghistani, S. (2016). Semiotics of Islamic Law, Maṣlaḥa, and Islamic Economic Thought. International Journal for the Semiotics of Law, 29(2), 389–404. https://doi.org/10.1007/s11196-016-9457-x
Asakal, B. S. (2023). Tracing the Transformation of the US’s Hegemonic Paradigm in the Historical Process: From Embedded Liberalism to Disembedded Financial Liberalism. Eskişehir Osmangazi Üniversitesi Sosyal Bilimler Dergisi, 24(1), 17–40. https://doi.org/10.17494/ogusbd.1200653
Chenet, H., Ryan-Collins, J., & van Lerven, F. (2021). Finance, climate-change and radical uncertainty: Towards a precautionary approach to financial policy. Ecological Economics, 183, 106957. https://doi.org/10.1016/j.ecolecon.2021.106957
Efendi, R. (2003). Produksi dalam Islam. Jogjakarta: Magistra Insania Press.
Geddes, A., & Schmidt, T. S. (2020). Integrating finance into the multi-level perspective: Technology niche-finance regime interactions and financial policy interventions. Research Policy, 49(6), 103985. https://doi.org/10.1016/j.respol.2020.103985
Haneef, M. A., & Furqani, H. (2009). Developing the Ethical Foundations of Islamic Economics: Benefitting from Toshihiko Izutsu. Intellectual Discourse, 17(2), 173–199. Retrieved from http://www.iium.edu.my/intdiscourse/index.php/islam/article/viewArticle/77
Haneef, M. A. M. (1997). Islam, The Islamic Worldview, and Islamic Economics. IIUM Journal of Economics & Management, 5(1), 39–65.
Harahap, B., & Risfandy, T. (2022). Islamic Organization and the Perception of riba (Usury) and Conventional Banks Among Muslims: Evidence From Indonesia. SAGE Open, 12(2), 1–7. https://doi.org/10.1177/21582440221097931
Jahanger, A., Usman, M., Murshed, M., Mahmood, H., & Balsalobre-Lorente, D. (2022). The linkages between natural resources, human capital, globalization, economic growth, financial development, and ecological footprint: The moderating role of technological innovations. Resources Policy, 76(January), 102569. https://doi.org/10.1016/j.resourpol.2022.102569
Javaid, O. (2019). Islamic System of Production and Consumption: A Guide for Muslim Entrepreneurs. Journal of Business Innovation, 4(1), 1–12. Retrieved from https://www.unimel.edu.my/journal/index.php/JBI/article/view/437/368
Kamal, A. H., Purbowisanti, R., Sani, A. A., & Setiorini, K. R. (2021). Do the Distribution of Zakat and Islamic Bank Financing Affect Income Inequality in Indonesia? Amwaluna: Jurnal Ekonomi Dan Keuangan Syariah, 5(1), 90–102. https://doi.org/10.29313/amwaluna.v5i1.5854
Kazak, H., & Ceker, O. (2022). A Critical Overview of Ali Shariati’s Comment on The Islamic Economy. Al-Uqud : Journal of Islamic Economics, 6(1), 49–79. https://doi.org/10.26740/aluqud.v6n1.p49-79
Lewis, A., Koukoura, A., Tsianos, G. I., Gargavanis, A. A., Nielsen, A. A., & Vassiliadis, E. (2021). Organ donation in the US and Europe: The supply vs demand imbalance. Transplantation Reviews, 35(2), 100585. https://doi.org/10.1016/j.trre.2020.100585
Muchatr, E. H., Supriadi, & Rahmawati, D. (2022). The Concept of Property and Welfare Through Abu Ubaid. Amwaluna: Jurnal Ekonomi Dan Keuangan Syariah, 6(1), 1–14.
Nechifor, V., Ramos, M. P., Ferrari, E., Laichena, J., Kihiu, E., Omanyo, D., … Kiriga, B. (2021). Food security and welfare changes under COVID-19 in Sub-Saharan Africa: Impacts and responses in Kenya. Global Food Security, 28(February), 100514. https://doi.org/10.1016/j.gfs.2021.100514
Nurasyiah, A., Sarwath, L., Mahri, A. J. W., Hermawan, R., & Karmanto, G. D. (2022). Reducing Family Poverty through an Islamic Women’s Empowerment Strategy in Indonesia: An Analytical Network Process Approach. Al-Uqud : Journal of Islamic Economics, 6(2), 245–261. https://doi.org/10.26740/aluqud.v6n2.p245-261
Nurfaizah, K. (2020). Government Intervention in Determining Prices According to Ibn Taimiyah’s. Airlangga International Journal of Islamic Economics and Finance, 2(2), 97. https://doi.org/10.20473/aijief.v2i2.20821
Ozili, P. K. (2021). Financial inclusion research around the world: A review. Forum for Social Economics, 50(4), 457–479. https://doi.org/10.1080/07360932.2020.1715238
Santoso, I. R., Zulfikar, A. A., Handoko, L., Firmansyah, Muliadi, S., & Mualim. (2022). The Impact of Government Policies and Regulations on the Development Islamic Economics Distribution. Proceedings of the International Conference on Social, Economics, Business, and Education (ICSEBE 2021), 205(Icsebe 2021), 46–50. https://doi.org/10.2991/aebmr.k.220107.010
Schleifer, P., & Sun, Y. (2020). Reviewing the impact of sustainability certification on food security in developing countries. Global Food Security, 24(February 2019), 100337. https://doi.org/10.1016/j.gfs.2019.100337
Siregar, A. (2021). The Concept of Property and Ownership in Islam. Randwick International of Social Science Journal, 2(4), 341–346. https://doi.org/10.47175/rissj.v2i4.314
Sobaya, S., Fadhlulloh, Z. H. H., & Andriansyah, Y. (2021). Role of Government in Keeping Price Stability Through Pure Market Operation From an Islamic Economic Perspective. Proceedings of the 2nd Southeast Asian Academic Forum on Sustainable Development (SEA-AFSID 2018), 168, 246–249. https://doi.org/10.2991/aebmr.k.210305.045
Suhendra, A. (2017). Models of Land Ownership in Islam: Analysis on Hadis Ihyā’ al-Mawāt. ESENSIA: Jurnal Ilmu-Ilmu Ushuluddin, 18(2), 189–199. https://doi.org/10.14421/esensia.v18i2.1480
Syekh, S. (2013). Sekilas Pengantar Ilmu Ekonomi dan Pengantar Ekonomi Islam. Jakarta: Referensi.
Tran, D. V., Hassan, M. K., Alam, A. W., Pezzo, L., & Abdul-Majid, M. (2021). Economic policy uncertainty, agency problem, and funding structure: Evidence from U.S. banking industry. Research in International Business and Finance, 58(September 2020), 101470. https://doi.org/10.1016/j.ribaf.2021.101470
Widiastuti, T, Cahyono, E. F., Zulaikha, S., Mawardi, I., & Al Mustofa, M. U. (2021). Optimizing zakat governance in East Java using analytical network process (ANP): the role of zakat technology (ZakaTech). Journal of Islamic Accounting and Business Research, 12(3), 301–319. https://doi.org/10.1108/JIABR-09-2020-0307
Widiastuti, T, & Rani, L. N. (2020). Evaluating the Impact of Zakat on Asnaf’s Welfare. Global Journal Al-Thaqafah, (SpecialIssue), 91–99. Retrieved from https://www.scopus.com/inward/record.uri?eid=2-s2.0-85111109142&partnerID=40&md5=d2001e899f670592598dfcbe1d49d626
Widiastuti, Tika, Auwalin, I., Rani, L. N., & Ubaidillah Al Mustofa, M. (2021). A mediating effect of business growth on zakat empowerment program and mustahiq’s welfare. Cogent Business and Management, 8(1). https://doi.org/10.1080/23311975.2021.1882039
Zaremba, A., Aharon, D. Y., Demir, E., Kizys, R., & Zawadka, D. (2021). COVID-19, government policy responses, and stock market liquidity around the world: A note. Research in International Business and Finance, 56(2016), 101359. https://doi.org/10.1016/j.ribaf.2020.101359
Published
How to Cite
Issue
Section
License
This work is licensed under a Creative Commons Attribution 4.0 International License.
CC BY 4.0