Kebijakan Moneter dan Sistem Keuangan Dalam Ekonomi Islam

Monetary policy and financial system considered as vital instruments in economic stability or growth. The stability as well as the growth of economy in a country strongly depend upon monetary policy and financial system implemented. Such phenomenon also prevails in Islamic Economics. Which both instruments are also ruled by The Holy Quran as well as The Hadith. Nevertheless, the thing distinguishing between Islamic and Conventional Economics is according to the variabel of interest or usuy, where either The Holy Quran or The Hadiths clearly states that interest or riba is banned. Instead of interest, regarded as the basis of the both instruments, Islamic Economics adopts Profit Loss Sharing (PLS) System in regulating them including banking sector which considered as a part of financial system. Moreover, monetary policy in Islamic Economics has aslo its monetary standard and instruments, which are far from interest or riba-based things, such as musyarakah certificates and others. However, what are described in this writing regarding Islamic Economics-based monetary policy and financial system is just theoritical side only due to lock of empirical data. This is because nearly none country in this world apply Islamic Economic-based monetary and Financial Principles as a whole