Research Article
The Global Economic Crisis In The Covid-19 Pandemy In Islamic Economic Perspective
@INPROCEEDINGS{10.4108/eai.5-8-2020.2301182, author={Muhammad Sholahuddin and Wuryaningsih Dwi Lestari and Wafiatun Mukharomah and Rahmawati Rahmawati}, title={The Global Economic Crisis In The Covid-19 Pandemy In Islamic Economic Perspective}, proceedings={Proceedings of the 2nd International Conference of Business, Accounting and Economics, ICBAE 2020, 5 - 6 August 2020, Purwokerto, Indonesia}, publisher={EAI}, proceedings_a={ICBAE}, year={2020}, month={10}, keywords={economic crisis pandemic islamic economy shariah islamic governance}, doi={10.4108/eai.5-8-2020.2301182} }- Muhammad Sholahuddin
Wuryaningsih Dwi Lestari
Wafiatun Mukharomah
Rahmawati Rahmawati
Year: 2020
The Global Economic Crisis In The Covid-19 Pandemy In Islamic Economic Perspective
ICBAE
EAI
DOI: 10.4108/eai.5-8-2020.2301182
Abstract
The economic crisis has happened repeatedly. But with the existence of the Covid-19 Pandemic, causes and effects of the crisis were increasingly felt in real terms both by micro and macro. The purpose of this paper is to analyze qualitatively using various methods of enriching literature, the causes of crises and their solutions. The methodology of analysis of Islamic economics used in this paper is to link references from sources of Islamic law in the form of the Koran and As-Sunnah with the facts that are the object of the law. The analysis shows that the main causes of the economic crisis are: bad behavior of economic agents, external factors and events, poor governance, fiscal and monetary system instability. While alternative solutions in the perspective of Islamic Economics include: changing the bad behavior of economic agents, implementing economic management according to Sharia, creating social and political stability, stabilizing the fiscal and monetary system.