Document Details

Document Type : Article In Journal 
Document Title :
Money as it Should Be, in an Islamic System
النقود الإسلامية ، كما ينبغي أن تكون
 
Subject : Articles  
Document Language : Arabic 
Abstract : The paper derives from Shariah texts and major judicial interpretations the normative characteristics of money in an Islamic society. It concludesfznt that realizing Shariah objectives and filings related to money does not require maintaining the material manifistation of money (i.e gold & silver bimetalic system), as it was at the Prophet’s time, but does require stability in the value of money, ‘thich stability is a prime condition for efficiently maintaining the thndions of money. It concludes, secondly, that issuing or generation of government (fiduciaay) money is a governmental duty that may not be delegated to non-governmental profit-seeking entities such as commercial banks. Opposite iews are also discussed. The paper concludes that achieving the shasiali objective of stability in the value of money requires an honest, efficient and independent monetary authority. 
ISSN : 1018-7383 
Journal Name : Islamic Economics Journal 
Volume : 10 
Issue Number : 1 
Publishing Year : 1418 AH
1998 AD 
Number Of Pages : 35 
Article Type : Article 
Added Date : Sunday, October 11, 2009 

Researchers

Researcher Name (Arabic)Researcher Name (English)Researcher TypeDr GradeEmail
عبدالجبار حمد عبيد السبهاني Abdul-Jabbar H. O AL-SabhaniResearcher  

Files

File NameTypeDescription
 21050.pdf pdf 

Back To Researches Page