Open AccessKebijakan Moneter Tanpa Bunga
Author(s) -
Irwan Maulana,
Ruslan Husein Marasabessy
Publication year - 2018
Publication title -
jurnal asy-syukriyyah/jurnal asy-syukriyyah (online)
Language(s) - English
Resource type - Journals
eISSN - 2715-6753
pISSN - 1693-136X
DOI - 10.36769/asy.v19i1.26
Subject(s) - interest rate , monetary policy , economics , consumption (sociology) , monetary economics , islam , investment (military) , macroeconomics , international economics , political science , geography , law , social science , archaeology , sociology , politics
The central bank as the monetary authority uses several monetary instruments including the application of interest rates to create monetary stability. Interest has determined every economic activity, such as consumption, savings, investment, employment opportunities, export-import, and others. This study aims to describe the assumptions of how to conduct monetary policy without interest, using qualitative methods through library research. As for the background of this research, there are some fatwa in Muslim countries regarding the prohibition of interest while interest as monetary instruments. This research will contribute to the body of existing literature of Islamic economic development.