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

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

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.

Published
2021-01-19
How to Cite
MUHTADI, Ridan; IMANI, Safarinda. Al-Magrizi Inflation Theory Of Islamic Monetary Policy Implementation In Indonesia. International Journal of Islamic Economics, [S.l.], v. 2, n. 2, p. 150-160, jan. 2021. ISSN 2686-2166. Available at: <https://e-journal.metrouniv.ac.id/index.php/IJIE/article/view/2097>. Date accessed: 15 apr. 2021. doi: https://doi.org/10.32332/ijie.v2i2.2097.

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