Pemikiran Moneter Al-Maqrizi tentang Uang dan Inflasi: Telaah Konseptual dan Implikasinya bagi Stabilitas Ekonomi

Abstract

Al-Maqrizi's monetary thought on the concepts of money and inflation has made a significant contribution to the development of Islamic economics, particularly in promoting monetary stability and enhancing public welfare. Al-Maqrizi emphasized that money should possess intrinsic value; therefore, gold and silver were regarded as the ideal forms of currency, while the use of fulus (copper coins) was restricted to small-scale transactions in order to preserve public confidence in the monetary system. Furthermore, he viewed the balance between the monetary and real sectors as a prerequisite for economic stability, arguing that increased production would help maintain equilibrium in the money supply. Al-Maqrizi classified inflation into two categories: natural inflation, which arises from external factors such as natural disasters
Eco-Iqtishodi
Jurnal Ilmiah Ekonomi dan Keuangan Syariah
Volume 8, Nomor 1, Juli 2026
P-ISSN: 2685-2721 dan E-ISSN: 268-2721
64
or wars, and human error inflation, which results from corruption, abuse of power, excessive money issuance, and poor governance. These ideas remain relevant for explaining contemporary monetary issues in Indonesia, particularly those related to currency stability and inflation control. Although Egypt during Al-Maqrizi's era and Indonesia differ in their historical, geographical, and institutional contexts, both have faced similar challenges, including declining food production, rising prices of essential goods, corruption, and weak governance, all of which may trigger inflation, reduce purchasing power, and undermine economic stability. Therefore, Al-Maqrizi's monetary thought provides a valuable conceptual foundation for strengthening monetary policies aimed at maintaining currency stability, controlling inflation, improving governance, and fostering greater synergy between the monetary and real sectors.