Shaping financial futures: How does quran surah Yusuf discuss the instruments of the state financial policy?


  • Dian Berkah Universitas Muhammadiyah Surabaya
  • Tika Widiastuti Universitas Airlangga
  • Nikmatul Atiya Universitas Airlangga


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


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.

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.

Al-Daghistani, S. (2016). Semiotics of Islamic Law, Maṣlaḥa, and Islamic Economic Thought. International Journal for the Semiotics of Law, 29(2), 389–404.

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.

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.

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.

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

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.

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.

Javaid, O. (2019). Islamic System of Production and Consumption: A Guide for Muslim Entrepreneurs. Journal of Business Innovation, 4(1), 1–12. Retrieved from

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.

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.

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.

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.

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.

Nurfaizah, K. (2020). Government Intervention in Determining Prices According to Ibn Taimiyah’s. Airlangga International Journal of Islamic Economics and Finance, 2(2), 97.

Ozili, P. K. (2021). Financial inclusion research around the world: A review. Forum for Social Economics, 50(4), 457–479.

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.

Schleifer, P., & Sun, Y. (2020). Reviewing the impact of sustainability certification on food security in developing countries. Global Food Security, 24(February 2019), 100337.

Siregar, A. (2021). The Concept of Property and Ownership in Islam. Randwick International of Social Science Journal, 2(4), 341–346.

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.

Suhendra, A. (2017). Models of Land Ownership in Islam: Analysis on Hadis Ihyā’ al-Mawāt. ESENSIA: Jurnal Ilmu-Ilmu Ushuluddin, 18(2), 189–199.

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.

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.

Widiastuti, T, & Rani, L. N. (2020). Evaluating the Impact of Zakat on Asnaf’s Welfare. Global Journal Al-Thaqafah, (SpecialIssue), 91–99. Retrieved from

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).

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.



How to Cite

Berkah, D., Widiastuti, T., & Atiya, N. (2024). Shaping financial futures: How does quran surah Yusuf discuss the instruments of the state financial policy?. Al-Uqud : Journal of Islamic Economics, 8(1). Retrieved from
Abstract views: 37