POLISI KEWANGAN MENURUT PERSPEKTIF EKONOMI ISLAM
Abstract
This anicle explains the role that monetary policy should be designed to
play in an Islamic economy and to highlight how it can be made to play
its role effectively if interest is abolished. This anicle also discussess the
mechanism for equating the supply of money with its demand in the ab~
sence of interest as a regulating mechanism and the feasible alternatives
to interest-bearing government securities for financing government budgetary
deficits in a non-inflationary framework.
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