Munich Personal RePEc Archive

Kritik atas Sistem Bunga Perbankan Konvensional dan Solusi Moneter Islam

Mutaqin, Diana Agustina (2019): Kritik atas Sistem Bunga Perbankan Konvensional dan Solusi Moneter Islam. Published in: Criticism of the Interest System in Conventional Banking and Islamic Monetary Solutions

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Abstract

The purpose of this study is to review some of the criticisms of the Bank's interest system. Issues related to whether bank interest including usury or not usury has been debated and is still being discussed to date by Islamic economists. But now there has been criticism from Western or Conventional Economists of the negative impact of the Bank's interest in the economy. The method used is a qualitative method using descriptive analysis and literature review. From these experiences, the Islamic Monetary System which is free from interest can be a solution to realize prosperity and guarantee economic injustice. this system is expected not only to increase the money in circulation but how to be able to improve the performance of the real sector in accordance with Islamic sharia. Because basically in the Islamic monetary system, it is not only aimed at material welfare but aims at moral well-being. There are at least five values of Islamic economic instruments that can be integrated into the economic system, namely zakat, waqf, social security, the justice system in resolving economic disputes and sharia financial institutions.

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