How Caliphate control prices


By: Hafidz Abdurrahman

Price is an exchange of money between money. Naturally, this price is defined by presses and demand (bidding and demand). Therefore, if the item has been offered abundant, and his request a little, then the price will come down. If the item is offered a little, while his request is big, the price will rise.

Thus, the price will follow the law of the market. Because, the law of the market is defined by the presses and demand factor, so to maintain the stability of the price in the market, the factors must be observed by the country is this The balance between presses and demand must always be observed by the country, so that the price is completely stable.

Peg prices and inflation
When the prices go up, people think simple, not to go up, then the government has to go down, set a price. A cursory glance, though the fact is not. By pecking price, the price can be stable at a certain time, but this way is causing inflation. Because, admittedly or not, the price of this price reduces the currency of money.

Therefore, Islam has forbidden the country to set a price. Price, precisely by Islam is allowed to follow the market mechanism, presses and demand. During the time of the prophet, when the price of the goods rose, the friends came to the prophet to ask for the price of being pegged, in order to be

Allah is the all-Mighty, the all-knowing. That way, the prophet does not want to set a price, it is left to follow the mechanism of presses and demand

When the prophet returns to the market mechanism, does not mean the country then does not intervene. Of course not. It's just, of course not by pecking price, but the other way. Cara, that doesn't damage the competition in the market.
Intervention.

If the price of the item is happening, due to a less presses factor, while the demand is big, so that the price of the item can go down and normal, the country can perform the market intervention by adding It clearly does not damage the market. On the contrary, making the market remain in stable condition. This condition can happen, because it may be in a region has suffered a crisis, it could be because of a drought or disease, which resulted in the production of As a result, presses things in the area are dwindling.

To deal with this, the country can supply the area with essential items from other regions. These policies have been done by Umar, when the have region had a disease, so the production was dwindling, then the goods in the area were supplied from Iraq.

If the rise of the item occurs, due to the lack of presses, the result of the stockpiling action (Ihtikar) by the traders, then the country will also have to intervene by dropping the sanctions on the Sanctions in the form of ' Zir, and an obligation to sell the goods the to the market. That way, those things will be normal again.

If the lift is happening, it is not due to presses and demand, but because of the price fraud (ghaban fakhisy) against buyers or sellers who do not know the price of the market, it can also be sanctioned ta ' Zir, accompanied by rights rights to the victim . The victim can cancel his trading transactions, can also continue.

Zero inflation

Inflation is related to purchasing currency, good for goods and services. Inflation, it could be because of the currency factor, which could change. If the value of the currency is due to the value of intrinsiknya, then to maintain the stability of the currency, so inflasinya zero, there is no other way, except by using standard currency and silver currency

Inflation can also occur, because the money is considered not enough to make a transaction, due to number value. These conditions can be solved, with a moratorium on prohibition and services. Thus, the money available will always be enough to meet the needs of goods and services.

When the price of the goods and services rise, for example, while purchasing low society, its demand is diminished. If the demand is diminished, then the price of goods and services, by itself will come down. So onwards, until finally the currency available is always enough to meet the needs of goods and services.

Printing policy, when low society buys, due to the amount of money circulating in the middle of the community, instead of increasing society's power, it causes inflation. Due to the number of eyes in the middle of the community, coupled with an existing currency, will increase the amount of currency. If the amount of currency adds up, it will happen for inflation. Because, that means, the value of the currency is down.

Conclusion

Based on the description at the top, then the state policy caliphate to control the stability of the price is done in a way that is allowed by

Keep presses and demand in the market to stay balanced. Not by pecking prices of goods and services.

If presses and services are reduced, then the cost and the wages rise, for demand is large, then the availability of goods and services can be balanced back by the country by supplying goods and services from other regions.

If it is reduced to stockpiling, then the country can impose ta ' Zir, and the duty of releasing its property to the market.

If the increase is due to fraud, then the country can impose ta ' Zir, and rights rights, between canceling or continuing.

If the price of the price occurs because of the inflation factor, the country is also obligated to keep their currency, with gold and silver standards Includes not adding the amount, so it causes the fall of an existing currency value.

These are the steps of caliphate state, in control of the price of goods and services.

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