Abstract

In the current monetary system, stable and just economic never be realizedby fiat money

instead the performance fiat money is more slipped.That is why, some scholars proposed for

revisiting to gold system. They postulated that gold system is line with Islamic value;

however, there is not enough study to prove it. It is therefore this paper aim to analyze gold as

money from Islamic perspective. The research is qualitative employed deductive analysis

focused onlibrary, and secondary sources. The study revealed that gold system has several

advantages such as stability, fair, practical, and the system is in line with the Islamic

principles on muamalah. It does not involve riba (usury), gharar, gambling and no

containment of prohibited elements.

Keywords: Gold system, Islamic value, Stable and just economy