KEBIJAKAN FISKAL: DINAMIKA DAN KOMPARASINYA DALAM PANDANGAN SISTEM EKONOMI ISLAM

Abstract

This article discusses the dynamics of fiscal policy and compares it with the view of the Islamic economic system. The method used is qualitative with a descriptive, historical, and comparative approach. The information data is tracked from literature sources, such as: the Quran, al-Hadith, books in the library, articles that have been published in reputable journals. The results of tracking information sources found that the dynamics of fiscal policy, especially the world financial system, are divided into three periods, namely: the gold-silver period, the volatile period, and the fiat money period. A comparison in each period found that the fiscal system of the Islamic economy was more stable when compared to the fiscal system of capitalism.