Textbooks are often used to disseminate attitudes, values, and knowledge to reconstruct a discourse narrative. This study examines the neoliberalism values in the Indonesian textbooks of the Arabic language using Ghunter Kress's multimodal theory and the perception of Arabic language teachers in Madrasah Aliyah in Indonesia. The data was collected through documentation study and in-depth interviews. Besides the secondary documentation, the primary source comprised the Arabic language textbook for grade XI of Madrasah Aliyah, Indonesia. The book contained six chapters; however, the values of neoliberalism were found in three chapters, namely Market, Travel, and Information and Communication Technology. The interview was participated by 05 teachers of the Madrasah Aliyah, who responded to the research questions of the study. The findings showcase that the values of neoliberalism in Arabic textbooks incorporate free market, consumerism, luxurious lifestyle, and information and communication technology. The Arabic language teachers' perceptions of neoliberal values can be classified into three, parts namely (1) following the times advancement, (2) relevant to daily life, and (3) emphasizing hedonistic lifestyles. In summary, the findings of the study have several important implications for education, policy, and language teaching in Indonesian madrasah.