Al-Masharif: Jurnal Ilmu Ekonomi dan Keislaman
Vol 11, No 1 (2023)

Money and Inflation in Al-Maqrizi's Islamic Economic Theory

Sumper Mulia Harahap (UIN Syahada Padangsidimpuan)



Article Info

Publish Date
17 May 2023

Abstract

Money related thoughts and inflation are things that Muslim scholars rarely observe. Al-Maqrizi proposed numerous ideas on money and inflation, and the goal of this research is to discover Al-Maqrizi's theory of money and inflation, as well as ways to cope with inflation. A qualitative research method using a conceptual approach or character study was applied. Content analysis was performed to analyze the data. The study's findings indicate that currency based solely on gold and silver can be accepted as a standard of worth. According to Al-Maqrizi, there are two types of inflation: natural inflation and inflation caused by human error (corruption and bad management, high taxation, and a rise in money circulation). 

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Journal Info

Abbrev

Al-masharif

Publisher

Subject

Economics, Econometrics & Finance

Description

Al-masharif: Jurnal Ilmu Ekonomi dan Keislaman is a peer-reviewed journal, is an economics publication of original research and writing on islamic economics. The journal aims to provide a forum for scholarly understanding of the field of islamic economics and has an important role in promoting the ...