ISLAMIC MONEY INSTEAD IMPLICATIONS BASED ON MACROECONOMIC AND SOCIAL VALUE VARIABLES IN INDONESIA

The purpose of this research is to find out the implications Islamic Money Instead based on macroeconomic and social variables value in Indonesia. used data secondary 2010-2019 time series. method using Vector Autoregressive Error Correction Model (VECM). E-views 9 program for processing data. result indicates that there are a variety Indonesia 1st model. GDP inflation as variable have positive implication Instead, meanwhile exchange rate has negative it. On 2nd model variable. greater than While not response shock. Furthermore, 3rd only zakat but also infaq shadaqah