Islamic Economics and Finance in Exchange Rate Stabilization

Author: Eka Wahyu Hestya Budianto
ISBN: xxx-xxx-xxxx-xx-x
Edition: First, February 2026/Sya’ban 1447 H
Page: xii + 354 hlm, B5 (18,2 cm x 25,7 cm)
Synopsis: Exchange rate stability remains one of the most critical pillars of macroeconomic resilience in an increasingly interconnected global economy. Persistent currency volatility can undermine trade performance, disrupt investment planning, intensify inflationary pressures, and weaken social welfare. While conventional monetary frameworks have relied heavily on interest rate adjustments and capital mobility to manage exchange rate fluctuations, recurring financial crises have exposed structural weaknesses within interest-based and speculation-driven systems. This book explores how Islamic economics and finance offer an alternative normative and institutional framework capable of contributing to exchange rate stability through ethical principles, risk-sharing mechanisms, and policy coherence.