Money Problems In An Ideal And Real Context (Analysis of Al-Ghazali and AlMaqrizi’s Perspective)

Capitalism defines money as wealth, and considers the purpose of economic transaction as activities to generate money as much as possible. The concept triggers people who have money to fulfill their desires. As a result, money is no longer used as a productive tool. Long before capitalism, Islamic thinkers had already succeeded with their intelligence. This paper discusses
the concept of money in the perspectives of Imam Al-Ghazali (1058-1111 AD) and Al-Maqrizi (1058-1446 AD). Their thoughts provide great ideas and become the source of contemporary
Islamic economics. The thoughts of Al-Ghazali and Al-Maqrizi related to the concept of Islamic money have expanded the Islamic economy to a greater extent for its conceptualization and
application. In the context of idealism, the concept of Islamic money does not allow cash hoarding leading to speculative motives as unproductive cash hoarding means reducing the
circulation of money. This can be a solution to the reality of the concept of money today which still implement speculative principles