Upaya Dedolarisasi BRICS dan Implikasinya Terhadap Ekonomi Global dalam Pandangan Ekonomi Islam
DOI:
https://doi.org/10.35896/jse.v4i2.1215Keywords:
Dedolarisasi, BRICS, Ekonomi Global, Ekonomi IslamAbstract
In the global financial system, the dominance of the United States Dollar (USD) has created a structural dependency on a single currency, prompting the BRICS countries (Brazil, Rusia, India, China, and South Africa) to initiate dedollarization efforts. This study aims to analyze the dedollarization strategies undertaken by BRICS and to examine their implications through the lens of Islamic economics. Using a qualitative descriptive method with a literature based approach, this research employs secondary data obtained from academic journal, BRICS reports, credible economic new sources, and official press releases. The data were analyzed using a structured meta-analysis approach to identify patterns, similarities, and the strategic relevance of BRICS dedollarization strategies implemented by BRICS: Local Currency Settlement (LCS), New Development Bank (NDB), Contingent Reserve Arrangement (CRA), Cross-Border Interbank Payment System (CIPS), and the Belt and Road Initiative (BRI). These strategies align with Islamic economic principles such as justice (al-‘adl), public interest (maslahah), coorperation (ta’awun), stability (istiqrar), and efficiency (itqam). From an Islamic economic prespective, dedollarization represents not merely an economic policy alternative but a transformative effort toward a more equitable, ethical, and sustainable global monetary system.
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Bank Indonesia. (2020). Peraturan Bank Indonesia No. 22/12/PBI/2020 Tentang Penyelesaian Transaksi Bilateral Menggunakan Mata Uang Lokal Melalui Bank. In Peraturan Bank Indonesia.
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Bertaut, C., Beschwitz, B. Von, & Curcuru, S. (2021). The International Role of the U.S. Dollar. Board of Governors of the Federal Reserve System. https://www.federalreserve.gov/econres/notes/feds-notes/the-international-role-of-the-u-s-dollar-20211006.html
BRICS. (2009). History of BRICS. https://infobrics.org/page/history-of-brics/
BRICS. (2024). Reinforcing Financial Stability: An Overview of the BRICS Contingent Reserve Arrangement (CRA). BRICSTODAY. https://bricstoday.com/reinforcing-financial-stability-an-overview-of-the-brics-contingent-reserve-arrangement-cra/
Chapra, M. U. (2008). The Islamic Vision of Development in The Light of Maqashid al-Shariah. In The International Institute of Islamic Thought (15th ed.). https://doi.org/10.1007/978-3-030-93703-4_423-1
China Economic Information Service. (n.d.). Xinhua Silk Road. https://www.ceis.cn/en/list/xhsl/index.html
CIPS. (n.d.-a). CIPS Introduction. https://www.cips.com.cn/cipsenmobile/7242/7256/34009/index.html
CIPS, C. I. P. S. (n.d.-b). About CIPS. CIPS, Cross-Border Interbank Payment System. Pada akhir tahun 2019, CIPS memiliki 33 Peserta Langsung dan 903 Peserta Tidak Langsung (dari 94 negara dan kawasan) dengan peningkatan masing-masing sebesar 74%25 dan 413%25 dibandingkan dengan tahun 2015. Melalui Peserta Langsung dan Tidak Langsung ini,
D’Arista, J. (2004). Dollars, debt, and dependence: The case for international monetary reform. Journal of Post Keynesian Economics, 26(4), 557–572.
Diah, D. (2023). Apa Itu Dedolarisasi? Ini Pengertian, Keuntungan, dan Kerugian yang Bisa Didapatkan Indonesia. Tempo. https://www.tempo.co/ekonomi/apa-itu-dedolarisasi-ini-pengertian-keuntungan-dan-kerugian-yang-bisa-didapatkan-indonesia-825143
Enfu, C., & Chunyi, L. (2023). Research on the Mechanism of Dollarization and De-dollarization under the Global Financialization System. 5(1), 6–29.
Federal Reserve Bank of Atlanta, S. K. G. (2013). Creation of the Bretton Woods System. https://www.federalreservehistory.org/essays/bretton-woods-created
Handayani, L. N. (2018). Prinsip-prinsip Ekonomi Islam. PKEBS Universitas Gadjah Mada. https://pkebs.feb.ugm.ac.id/2018/07/02/prinsip-prinsip-ekonomi-islam/
Ilyinsky, A. I., & Magamedov, A. S. (2023). The Changing Role of the US Dollar in the Global Monetary System of a Multipolar World. Review of Business and Economics Studies, 11(2), 6–14. https://doi.org/10.26794/2308-944x-2023-11-2-6-14
IMF, I. M. F. (2024). World Economic (Issue May).
Iqbal, Z., & Mirakhor, A. (2011). An Introduction to Islamic Finance: Theory and Practice. In An Introduction to Islamic Finance (pp. 113–136). https://doi.org/https://doi.org/10.1002/9781118390474.ch6
Ito, H. (2021). The Global Monetary System and the Use of Local Currencies in ASEAN+3. RIETI Discussion Paper.
Kahn, M. J. (2011). The BRICs and South Africa as the Gateway to Africa. Journal of the Southern African Institute of Mining and Metallurgy, 111(7), 493–496.
Kamil, M. A., & Muhammad Rasyid Ridlo. (2023). Dedolarisasi: Momentum Kebangkitan Dinar. Maro: Jurnal Ekonomi Syariah Dan Bisnis, 6(2), 220–230. https://doi.org/10.31949/maro.v6i2.6185
Kornitasari, Y., Nabeela, R. S., Ismail, M., & Manzilati, A. (2023). PENGANTAR EKONOMI MONETER ISLAM. UB Press. https://books.google.co.id/books?hl=id&lr=&id=3K_BEAAAQBAJ&oi=fnd&pg=PP1&dq=Teori+Ekonomi+Moneter+Islam&ots=kaD7JSmfR8&sig=kFxk8X4L2uArITZOejmi94Z9SQ4&redir_esc=y#v=onepage&q=Teori Ekonomi Moneter Islam&f=false
Kurniawan, A. (2024a). 3 Alasan BRICS Membuat Mata Uang Baru untuk Tandingi Dolar AS. Sindonews. https://ekbis.sindonews.com/read/1464973/33/3-alasan-brics-membuat-mata-uang-baru-untuk-tandingi-dolar-as-1727658565?showpage=all
Kurniawan, A. (2024b). Sejarah Berdirinya BRICS, Blok Ekonomi Penantang Dominasi Barat. Sindonews. https://ekbis.sindonews.com/read/1418963/33/sejarah-berdirinya-brics-blok-ekonomi-penantang-dominasi-barat-1721383650
Marzuki, S. N. (2018). Konsep Uang dan Kebijakan Moneter Dalam Hukum Ekonomi Islam. Mizan: Journal of Islamic Law, 1(2), 201–216. https://doi.org/10.32507/mizan.v1i2.7
New Development Bank. (n.d.). New Development Bank: Projects. Ndb.Int. https://www.ndb.int/projects/
New Development Bank, N. (2022). Annual Report 2022 - Building a leading development bank for emerging economies. https://www.ndb.int/annual-report-2022/
O’Neill, J. (2001). Building Better Global Economic BRICs. November 2001.
Ohashi, H. (2018). The Belt and Road Initiative (BRI) in the context of China’s opening-up policy. Journal of Contemporary East Asia Studies, 7(2), 85–103. https://doi.org/10.1080/24761028.2018.1564615
Ozanne, B. (2024). What Is CIPS? A Guide to China’s Cross-Border Payment System. Stratys.
Rau’s IAS Study Circle. (2024). New Development Bank. Compass.Raiias. https://compass.rauias.com/current-affairs/new-development-bank/
Sari, Y., & Indrabudiman, A. (2024). Kebijakan Moneter Islam Dalam Upaya Mengendalikan Inflasi. Jurnal Ilmiah Ekonomi Islam, 10(1), 621. https://doi.org/10.29040/jiei.v10i1.11938
Siddiqui, K. (2020). The U.S. Dollar and the World Economy: A Critical Review. Athens Journal of Business & Economics, 6(1), 21–44. https://doi.org/10.30958/ajbe.6-1-2
Subramanian, A. (2011). Living in the Shadown of China’s Economic Dominance.
Swift. (n.d.). Swift history. Swift. https://www.swift.com/about-us/history
Syaifullah. (2024). Analisis Potensi Mata Uang BRICS dalam Menantang Dominasi Dolar AS dalam Perspektif Ekonomi Moneter Islam: Keunggulan dan Tantangan. Ejurnal.Iainpare.Ac.Id, 2(2).
Sifa, M. A., Putro, H. K., & Mun'im, M. (2025). Strategi Manajemen Sumber Daya Manusia Berbasis Syariah untuk Meningkatkan Kinerja Karyawan di Lembaga Keuangan Syariah dalam Perspektif Al-Quran. Journal of Islamic Banking, 6(1), 1-19.
Tahkim, M. (2016). Sistem Ekonomi Islam Dan Kesejahteraan Masyarakat. Jurnal Studi Islam Dan Sosial, 51, 436–451.
Teslya, G., & Podolskaya, T. (2020). Analysis of the Changing Role of Pound Sterling Within the International Monetary System. The EUrASEANs: Journal on Global Socio-Economic Dynamics, 4(4(23)), 39–44. https://doi.org/10.35678/2539-5645.4(23).2020.39-44
The Belt Council Information Office Of The People’s Republic of China. (2023). The Belt and Road Initiative: A Key Pillar of the Global Community of Shared Future. http://www.beltandroadforum.org/english/n101/2023/1010/c124-895.html
The People’s Bank Of China. (2019, April 22). The Belt and Road Initiatives: Progres, Contributions, and Prospects. The State Council Information Office. http://english.scio.gov.cn/beltandroad/2019-04/22/content_76329624.htm
TORONTO, U. of T. (2024). Treaty for the Establishment of a BRICS Contingent Reserve Arrangement. http://www.brics.utoronto.ca/docs/140715-treaty.html
UnairNews, R. D. H. (2023). Ekonom UNAIR Ungkap Alasan Dolar Amerika Jadi Mata Uang Dunia. https://unair.ac.id/ekonom-unair-alasan-dolar-amerika-jadi-mata-uang-dunia/
Wardhono, R. D. T. K., Hermawan, D., & Cahyaningtyas, D. (2023). DAMPAK IMPLEMENTASI TRANSAKSI BILATERAL DENGAN MENGGUNAKAN UANG LOKAL TERHADAP REGULASI DAN REFORMASI KELEMBAGAAN DI SEKTOR KEUANGAN.
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2025-12-05
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Upaya Dedolarisasi BRICS dan Implikasinya Terhadap Ekonomi Global dalam Pandangan Ekonomi Islam. (2025). JOURNAL OF SHARIA ECONOMICS, 4(2), 1-19. https://doi.org/10.35896/jse.v4i2.1215
