Niqosiya: Journal of Economics and Business Research
Vol. 6 No. 1 (2026): January-June 2026

Uang dan Kebijakan Moneter Islam dalam Mewujudkan Stabilitas Moneter yang Berkelanjutan

Muhammad Khaeru Fathurrohman (Universitas Sultan Ageng Tirtayasa)
Mahda Rihhadatul Aisy (Universitas Sultan Ageng Tirtayasa)
Najmudin Najmudin (Universitas Sultan Ageng Tirtayasa)



Article Info

Publish Date
18 Jun 2026

Abstract

Introduction: Currently, the global economy is in a state of crisis, characterized by widespread poverty, exploitation, regional and international economic inequality, unbalanced production patterns, and the unsustainable use of natural resources. In contrast, during the era of Islamic governance, the dinar and dirham were established as legitimate means of exchange to achieve sustainable monetary stability. Research Methods: This study employs a qualitative research method in the form of a literature review. Books, scientific journals, and websites serve as secondary data sources for this study. Result: The dinar and dirham have been in use since the time of the Prophet Muhammad (peace be upon him), through the era of the Caliphate, and into the Umayyad and Abbasid dynasties. From the very beginning, Islamic governments implemented monetary policies that established the dinar and dirham as the official monetary standard. This policy had a positive impact on the growth of goods and services within a country, thereby creating a balance in aggregate supply and demand. In addition, the welfare and employment opportunities of the people continued to improve. In this regard, the dinar and dirham are considered stable currencies in preventing economic downturns, inflation, and recessions; unlike the paper money used today.

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Journal Info

Abbrev

niqosiya

Publisher

Subject

Description

Scope of study of scientific writings by students or collaboration of students and lecturers in the form of research on Islamic economic studies, Sharia economics, Sharia banking, zakat and waqf management in the realm of Islamic economics and business studies as well as scientific ...