DESIGN OF COMPLEMENTARY CURRENCY MODEL BASED ON IDLE GOLD IN ACEH

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Many studies on Aceh has been conducted, especially since Aceh province is one of the Indonesian provinces that reserves the right of special autonomy to implement Islamic Shari‘ah and Islamic finance based on Mu‘amalat principles. However, Aceh is the 7th of the poorest provinces in Indonesia (Indonesian Census 2010) On the other hand, Aceh is renowned for its fertility in the cultivation of some agricultural products such as coffee, tobacco and palm oil. In contrast, Aceh is rich in gold mines and Aceh cannot be separated from gold. For example, West Aceh has Gold production of five tons per year (Aceh Mine Department, 2012).. Therefore, it needs a complementary currency based on gold to enhance the role of gold. This research attempts to design a model of complementary currency based on physical gold in Aceh. This model is expected to be able to revive the rural economy, diminish unemployment and increase the value of the local and provincial economy in gold terms. This model leverages on on rural communitarian and traditional institutions (lembaga adat) such as “Gampong, Mukim and Tuha peut” which is rooted in the ethos of mutual assistance at the village level. This model also involves mass organization-based Islamic Scholars (Ulama) networks such as Muhammadiyah and Al – Wasliyah, because people in Aceh depend on the socio-religious leadership of these community-rooted scholars whom they respect very much. This study employs interview methods to gauge the response and views of three salient civil societal groups, namely, scholars (ulama, kiyai), community leaders and business people.

Nama Prosiding : Conference Proceeding of Islamic Economics and Finance (CMIEF 2012)
ISSN : 2194-5365
Tahun : 2012
Peneliti : Bedjo Santoso,,
Diunggah tanggal : Selasa, 2020-11-10