This chapter discusses monetary policy practices under Islam. The chapter provides an in-depth discussion of why there is such urgency for Islamic monetary economics and how far Islamic monetary economics has evolved and developed. The discussion also covers the Islamic monetary policy framework from a different perspective than conventional monetary policy or a dual financial system. Real contemporary Islamic monetary economic practices in various countries are explored, not only in Indonesia but also Malaysia, Iran, Saudi Arabia, Sudan and Bahrain.

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Islamic Monetary Policy Practices

  • Solikin M. Juhro,
  • Ferry Syarifuddin,
  • Ali Sakti

摘要

This chapter discusses monetary policy practices under Islam. The chapter provides an in-depth discussion of why there is such urgency for Islamic monetary economics and how far Islamic monetary economics has evolved and developed. The discussion also covers the Islamic monetary policy framework from a different perspective than conventional monetary policy or a dual financial system. Real contemporary Islamic monetary economic practices in various countries are explored, not only in Indonesia but also Malaysia, Iran, Saudi Arabia, Sudan and Bahrain.