International Review of Practical Innovation, Technology and Green Energy (IRPITAGE)
Vol. 4 No. 2 (2024): July-October 2024

POSITION AND ROLE OF DIGITAL MONEY IN THE ECONOMY MACRO PERSPECTIVE OF ISLAMIC VS CONVENTIONAL ECONOMICS

Samsudin (Unknown)
M. Shabri Abd. Majid (Unknown)
Isnaini Harahap (Unknown)



Article Info

Publish Date
14 Aug 2024

Abstract

The development of information technology has given birth to an innovation in the financial system, namely digital money (cryptocurrency). Conventional economics sees digital money as a tool to improve efficiency, financial access and economic growth. However, there are concerns regarding financial stability, regulation, and potential abuse. On the other hand, Islamic economics has different principles. expand_more Digital money must be sharia-compliant, such as the prohibition of riba, gharar, and maysir. This poses its own challenges in adopting digital money in the Islamic economic framework. This study aims to explore and analyze the position and role of digital money in the economy from Islamic and conventional macroeconomic perspectives, and identify its implications for the global economy. It is hoped that this research can provide insights into the integration of digital money in different economic systems and how to utilize this technology to achieve more inclusive and sustainable economic goals.

Copyrights © 2024






Journal Info

Abbrev

IRPITAGE

Publisher

Subject

Humanities Energy Social Sciences Other

Description

International Review of Practical Innovation, Technology And Green Energy (IRPITAGE) is a scientific journal that presents the results of scientific works sourced from Community Service in Indonesia. Contains All Forms of Novelty Innovations in both scientific science and technology, as well as ...