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Journal : DE'RECHTSSTAAT

MONEY, BANKS, AND MONETARY POLICY (A SHARIA ECONOMIC LAW APPROACH) Rumatiga, Hidayat; Janwari, Yadi; Hasanuddin, Muhammad
DE'RECHTSSTAAT 2024: SPECIAL ISSUE ON DJUANDA INTERNATIONAL CONFERENCE ON SOCIAL SCIENCES (DICSS) 2024
Publisher : Fakultas Hukum Universitas Djuanda

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Abstract

Along with the dynamics of the global and domestic economy, the challenges faced by the monetary system are increasingly complex. The financial crisis, technological changes in payment systems, and developments in the global market have had a significant impact on the way money and banks operate. For example, the emergence of digital currencies and fintech has changed the traditional financial landscape, creating new opportunities and risks. This study aims to understand the relationship between money, banks, and monetary policy in the context of the Indonesian and Islamic economies. The methods used are the approach of revelation, the opinions of scholars, and fatwas as well as the results of other relevant research. The results of the study show that monetary policy is a policy made by Bank Indonesia in order to control the circulation of money so that it remains stable and aims to maintain the stability of the rupiah; maintain the stability of the payment system, and help maintain the stability of the financial system to support sustainable economic growth. The Prophet Muhammad SAW used two currencies, dinar (gold) and dirham (silver). The Prophet Muhammad established the dinar and dirham currencies as the monetary standards at that time. Where both types of currencies were adopted from Rome and Persia.
Co-Authors . Zulfan Abdul Gofur Abdurahman, Lukman Aditia, Muhammad Fakhri Aditya Wiguna, Aditya Ahmad Junaidi Alwi Prayoga, Abil Amany, Amany Ambarwati, Wulan Sulistya Andysah Putera Utama Siahaan Anggraeni, Desi Cahya Ari Fajar Santoso Athoillah, Mohamad Anton Atika Rizki, Cindy Badawi, Afif Barany Fachri Barus, Efriansyah Putra Bahari Batubara, Supina Bintang, Dwika Aura Burhansyah, Luki Busriyanti Busriyanti, Busriyanti Chairul rizal Chinthia, Maulidania Mediawati Dhany, Hanna Willa Eka Pandu Cynthia Eko Budianto Fachri, Barany Fatoni, Siti Nur Gholiyah, Ghina Nurul Ginting, Sujatmiko Gozaly, Ahmad Yusdi Hadiat, Hadiat Hakim, Atang Abd. Hanafi, Moch. Irfan Harahap, Ramadhan Harsono, Heri Budi Hendry . Heris Suhendar, Heris Hidayat Hidayat Iis Siti Aisyah Janwri, Yadi Juarsa, Eka Kamaludin Yusup , Deni Khairul Meinanti, Dwi Reiza Moh. Jufriyanto Muhammad Muhammad Amin Muhammad Hasanuddin Muhammad Iqbal Muhammad Noor Hasan Siregar mustaufir Najla Lubis Nuranisyah, Siti Nurhayati, Fiska Nurhayati, Risma Nursyahida, Fadhila Ihsan PA, Dahrim Prayoga, Abil Alwi Putra, Randi Rian Ramadani, Fadilah Ratnasari, Ai reni Ricky Ramadhan Harahap Ridwan, Ahmad Hasan Rizal, Chairul Rizaldi, Fakhri Rizki, Cindy Atika Rumatiga, Hidayat Ruth Riah Ate Tarigan Sabilarrosyadi Setiadi Setiadi Sharuddin, Mohd Solahuddin Bin Siti Khodijah Sofiawati, Eva Sofyan Al-Hakim Solihin, Dadin Sri Wahyuni Supiyandi Supiyandi Supriyadi, Hadi Susanto, Bayu Eka Suyandi, Dedi Tamba, Dheddy Abdi Triana, Indah Wardiman, Dadi Wibowo, Wildan Rahmat Widia Wati, Widia Yadi Janwari Zulfan Zulham