IJIE
Vol 2 No 02 (2020): International Journal of Islamic Economics

Al-Magrizi Inflation Theory Of Islamic Monetary Policy Implementation In Indonesia

Ridan Muhtadi (STAI Miftahul Ulum, Pamekasan)
Safarinda Imani (Universitas Ibrahimy Situbondo)

Article Info

Publish Date
19 Jan 2021

Abstract

During the time of Imam al-Magrizi (766-845 H), inflation had occurred in Egypt. Al-Magrizi shows about the theory of inflation. Inflation becomes a discourse that studied heavily in the subject of the economy. Al-Magrizi is an Islamic economic thought who did a particular study of money and inflation. The paper focused on al-Magrizi inflation theory caused by two factors, namely natural factors and human error factors. To solve these factors, a nation could apply Islamic monetary policy to Umar Chapra's thought, namely a credit-oriented (financing) location as a solution of natural factor theory. Also, moral suasion or moral appeals as a solution to the human factor inflation theory.

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Journal Info
IJIE
Website

Abbrev

IJIE

Publisher

Institut Agama Islam Negeri Metro Lampung

Subject

Economics, Econometrics & Finance

Description

International Journal of Islamic Economics accepts manuscripts whose topics are in range of economic fields and employs standard economics analysis tools focusing on issues pertaining to Philosophy of Islamic Economics, Islamic Economic Thought, Islamic Economics and Contemporary Issues and Islamic ...