Wooden Coins vs Fiat Money: An Interdisciplinary Analysis of Sharia Economics and Javanese-Islamic Socio-Cultural Preservation in the Sarwono Market

Husnurrosyidah Husnurrosyidah; Umma Farida; Mohammad Dzofir; Zainal 'Arifin

doi:10.53961/paradigma.v18i2.503

Husnurrosyidah Husnurrosyidah Universitas Islam Negeri Sunan Kudus
Umma Farida Universitas Islam Negeri Sunan Kudus
Mohammad Dzofir Universitas Islam Negeri Sunan Kudus
Zainal 'Arifin Universitas Islam Negeri Raden Mas Said Surakarta

DOI: https://doi.org/10.53961/paradigma.v18i2.503

Keywords: Wooden coins; Fiat money; Fair muama; Economic sustainability; Preservation of Javanese-Islamic culture; Sarwono Market.

Abstract

This study analyzes the Sarwono Market in Wonosoco Village, Kudus, Central Java as an innovative model of sharia economics with an interdisciplinary approach through the comparison of the transaction system of wooden coins compared to fiat money. It is motivated by the challenges of the post-pandemic village economy from dependence on the primary sector and the erosion of local culture. The Sarwono Market has been managed by BUMDes Wonorekso since December 2022 as a case study that integrates the principles of muamalah and justice (without gharar and riba) in accordance with the sharia economy, the sustainability of the village economy and the preservation of Javanese-Islamic socio-culture. Using an interdisciplinary methodological approach, this study combines the analysis of the Qur'an and Hadith on muamalah, sociological theories to explain mutual cooperation solidarity between citizens and cultural anthropology. Data collection was done through field observation and interviews with BUMDes managers, traders and visitors. The results show that the wooden coin system (Rp2,000 per piece, mandatory exchange at the counter) offers a transparent and stable alternative to fiat money which is prone to inflation so as to realize muamalah justice and turnover redistribution for the people. In addition, the Sarwono market strengthens economic sustainability through the empowerment of local MSMEs and tourism. While preserving culture such as wayang klitik, village specialties and nature-human harmony on the Jati Sewu pedestal of Sarwono village. The Sarwono market proves the potential of the local economy based on Javanese-Islamic wisdom to increase people's income. This research contributes to interdisciplinary Islamic studies in the fields of economics, sociology and cultural anthropology.

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