KEBIJAKAN EKONOMI UMAR BIN KHATTAB

Abstract

Umar bin Khatab was a close-friend of Rasulullah SAW that did policies in Islamic economy, specially macro economy, and found wisdom way in manage property (Country Wealth) and made people benefit with three ways, first: take with the right way, second: given in accordance with their rights, and third; avoid from bad. It showed that management of Umar bin Khatab was neat in took policy country financial management, country won’t take people property in wrong way. In government policy, he always take care the lack people in everything, so he can make the function of Baitul Maal maximal (State budget revenue) in alms management, jizyah (tax for non-Muslim), kharaj (land tax), khumus (ghanimah) usyur (customs), and then spend to government activity, e.g expenditures for the needs of the people, invest and production, country employee, and other infrastructure needed, then make the bright ideas and showed exchange tool, e.g Dinar, Dirham, and Warid, all of them was source of monetary Instrumen; open market operation, discount rate, reserve requirement , attitude. The hope from that policy was an equilibrium economy with the reason of welfare and justice, with the support of management foundation of Baitul Maal in Country Financial, so fiskal policy have given positive impact towards invest level, aggregate supply and influence towards inflation level and economic growth, e.g. Benefit and falah towards people.