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Abstract The core topics of this paper focuses on the economic outlook of Islam on monetary policy to the macro-economic indicator variables. This study uses a quantitative approach using path analysis techniques to the analysis of alternative methods based Path Analysis of variance (PLS). This paper aims to scrutinize the monetary policy on several macroeconomic variables and self-criticism of the monetary policy for a better future. It is highly can be used as a reference for solving problems of economic conditions as the monetary policy strategy of the future. The results showed positive and negative results regarding monetary policy between the SBI and SBIS against macro-economic variables. Islamic outlook for monetary policy in Indonesia has not been able to apply the theory of sharia as a whole because several macroeconomic variables and economic activity does not run clean. Therefore, the policy of physical and monetary policy should attempt a new strategy to improve the system and connect with these theoretical results. System is part of the Islamic Sharia and Islam is the entirety of sharia.