International Journal of Social and Education (INJOSEDU)
Vol. 1 No. 4 (2024): July

THE ROLE OF ISLAMIC MONEY MARKET IN SUPPORTING THE NATIONAL ECONOMY

Lucky Mahesa Yahya (Universitas Andalas)
Maulidna (Politeknik Teknologi Kimia Industri Medan)
Afriantoni (Universitas Graha Karya Muara Bulian)



Article Info

Publish Date
13 Jul 2024

Abstract

The Islamic money market is an integral part of the financial system that operates based on sharia principles, which prohibit riba (interest) and gharar (uncertainty). This market offers a variety of financial instruments that comply with Islamic values and fair and transparent business ethics. The study in this research uses the literature research method. The results show that with the right strategic and regulatory support, the Islamic currency market has great potential to strengthen the national economy. The implementation of Islamic financial education policies, the development of market infrastructure, and the strengthening of international cooperation can further enhance the role of the Islamic money market in achieving macroeconomic goals and improving people's welfare. Therefore, the Islamic money market not only provides an alternative to conventional financial instruments but also plays an important role in increasing financial inclusion, economic stability, and financing sustainable development in Muslim-majority countries.

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Journal Info

Abbrev

injosedu

Publisher

Subject

Social Sciences

Description

International Journal of Social and Education (INJOSEDU) is a journal that deals with social, cultural, economic, political and educational issues. Education covers all kinds of fields of education, in the sphere of family, school, and even higher education. The field of education is not confined to ...