Nuzulul Quran and Global Economic Resilience

Commemoration of the 17th Ramadan as the moment of Nuzulul Quran should go beyond ceremonial rites. It is an existential call to revisit the strategic road map in a world that is increasingly uncertain.

Geopolitical tensions among the United States, Israel, and Iran have triggered volatility in energy prices and disruptions to global supply chains. In this context, the Qur’an offers a framework for strategic management that is highly relevant to strengthening the national economy.

The stark reality recently disclosed by Energy and Mineral Resources Minister Bahlil Lahadalia is that our national fuel stockpiles can only last around 21-25 days. This limitation is linked to a shortage of domestic storage facilities, and two Pertamina tanker ships were even held up in the Strait of Hormuz.

The question is how much resilience we have if the conflict were to escalate over a long period. Imagine fuel shortages during the Eid al-Fitr traffic period.

The geopolitical tensions of the moment have produced domino effects extending to households. The World Bank’s Global Economic Prospects (2024) projects global growth slowing to 2.4 percent. The IMF has warned that escalation in the Middle East could trigger global inflation via energy price shocks.

The region accounts for around 30 percent of world oil production (OPEC, 2023). Therefore, instability there constitutes an existential threat to the stability of developing economies, including Indonesia, the world’s fourth-most populous country.

From a strategic-management perspective, David (2017) argues that organisations and nations must possess sharp environmental scanning and strategic flexibility to survive in the face of uncertainty. In this light, the principles of the Qur’an emerge not merely as dogma but as a methodology for economic defence grounded in ethics and sustainability.