Journal of Sharia Micro Enterprise and Cooperation
Vol. 3 No. 1 (2026): Journal of Sharia Micro Enterprise and Cooperation

Abd Al-Malik Ibn Marwan's Economic Reform: The Influence of Standard Currency in the Umayyad Caliphate

Sukma, Bayu (Unknown)



Article Info

Publish Date
06 Mar 2026

Abstract

Backround: Abd al-Malik ibn Marwan, the Umayyad caliph who ruled from 685 to 705 CE, is recognized as a pivotal figure in the economic history of early Islamic civilization. Objective: This study examines the nature, process, and long-term consequences of his monetary reforms, with particular emphasis on the standardization of gold dinars and silver dirhams as the official currency of the Umayyad Caliphate. Method: This article employs a qualitative-historical methodology, drawing on primary classical sources and contemporary scholarly literature. Findings and Implications: These reforms addressed chronic problems of inflation, monetary fragmentation, and fiscal instability that had adversely affected trade and state administration. By establishing uniform weight standards and replacing Byzantine and Sasanid coins with distinctly Islamic currency bearing Quranic inscriptions, Abd al-Malik created a monetary system that facilitated interregional commerce, reinforced Islamic political identity, and enhanced confidence in the caliphate's financial institutions. Conclusion: The analysis demonstrates that Abd al-Malik's currency reforms constituted a foundational contribution not only to Umayyad economic governance but also to the broader trajectory of Islamic economic thought and practice.

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Journal Info

Abbrev

jsmec

Publisher

Subject

Economics, Econometrics & Finance

Description

Journal of Sharia Micro Enterprise and Cooperation provides a platform for ongoing discussions on relevant issues within its focus and scope, particularly those that can be examined empirically. The Scope of Journal of Sharia Micro Enterprise and Cooperation Journal is: Development of Sharia Micro ...