Money Market Mechanism Based On Sharia Principles

The rapid development of economic activity followed by the financial institutions (banks) both conventional and using Islamic principles, in banking world often use money market facilities its operations, because certain circumstances bank may experience excess or lack liquidity short term which is less than one year. only that allowed does not interest system, this to avoid riba nasi'ah loss (danger) greater profit (mashlahah). In addition, Islam prohibits sale purchase as a commodity speculation. National Sharia council should develop concept policies procedures for activities more detail, so parties transaction can comply with principles established norms. However, fatwa Council No:37/DSN-MUI/X/2002 be used solution conduct transactions providing alternative contracts mudharabah (muqaradhah), Musharakah, Qard, Wadiah, al-Sharf.