Mengupas Uang dalam Ekonomi Makro Islam dan Konvensional: Sejarah, Fungsi, dan Teori Keuangan

Abstract

The aim of this research is to investigate the role and concept of money in Islamic and conventional financial macroeconomics by examining the history, functions, and underlying financial theories. Money plays a very important role in the economy, both as a medium of exchange, a store of value, and a unit of account. Nevertheless, there are fundamental differences between Islamic financial systems and conventional ones regarding the function of money in society. In conventional financial systems, money is generally regarded as a commodity that can be traded, while in Islamic finance, money is viewed as a medium of exchange in accordance with Sharia principles. The method used in this research is a literature review that gathers data from various academic sources on the history of money, financial theory, and its relevance in the context of macroeconomics across both Islamic and conventional systems. The analysis was conducted using a descriptive-analytical approach to compare the differences in the concepts and functions of money in both systems. This study also highlights the importance of understanding these fundamental differences in the effort to build a more sustainable and ethical financial system. We hope that this research can contribute to further debates regarding the role of money in macroeconomics and enhance understanding of the practical implications of applying Islamic and conventional financial theories