Monetary Policy in Perspective Conventional Economy and Islamic Economics

Muhamad Mujahidin ()

MPRA Paper from University Library of Munich, Germany

Abstract: This article describes the perspective of differences between monetary policy in conventional economics and Islamic economics. By using a negation approach, this study concludes that Islamic monetary policy offers an economic system that is more resistant to monetary crises because the Islamic monetary system does not use an interest rate system so that it can stabilize prices more and be able to control inflation compared to the conventional monetary system.

Keywords: Islamic Economics; Sharia Economy; Monetary; Islamic Monetary (search for similar items in EconPapers)
JEL-codes: A10 B22 B26 E02 E44 E52 E58 F40 (search for similar items in EconPapers)
Date: 2019-06-20
New Economics Papers: this item is included in nep-isf, nep-mac and nep-mon
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:94693

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