Designing fitrah money:appraisal of gold-silver as practical alternatives

Academic efforts in concocting a plausible alternative to fiat regime often staggers given inherent constrictions of Islamic jurisprudence and economic technicalities. Despite passionate advocacy of Muslim scholars, the campaign for gold dinar and silver dirham runs into allegations of being simplis...

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Main Author: Mohamad, Azhar
Format: Proceeding Paper
Language:English
English
English
Published: 2016
Subjects:
Online Access:http://irep.iium.edu.my/50034/
http://irep.iium.edu.my/50034/1/ISERD_Designing_Fitrah_Money_Appraisal_of_Gold-Silver_as_Practical_Alternatives.pdf
http://irep.iium.edu.my/50034/4/PROGRAM_SCHEDULE_5th_feb.pdf
http://irep.iium.edu.my/50034/6/Thank_you_letter_ISERD.pdf
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author Mohamad, Azhar
author_facet Mohamad, Azhar
author_sort Mohamad, Azhar
building IIUM Repository
collection Online Access
description Academic efforts in concocting a plausible alternative to fiat regime often staggers given inherent constrictions of Islamic jurisprudence and economic technicalities. Despite passionate advocacy of Muslim scholars, the campaign for gold dinar and silver dirham runs into allegations of being simplistic, anachronistic, regressive, unnecessary, and sub-optimal. Shunning the popular Maqasidic and historical approaches in debunking these claims, this paper highlights the need for a return to basics, the default factory settings as designed by God, and trowels a fitrah approach in evaluating gold and silver. As such, we proffer an open-minded approach in formulating an Islamically congruent currency and decry obstinate fixation with
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format Proceeding Paper
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institution International Islamic University Malaysia
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language English
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publishDate 2016
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spelling iium-500342021-07-23T07:37:07Z http://irep.iium.edu.my/50034/ Designing fitrah money:appraisal of gold-silver as practical alternatives Mohamad, Azhar HG201 Money Academic efforts in concocting a plausible alternative to fiat regime often staggers given inherent constrictions of Islamic jurisprudence and economic technicalities. Despite passionate advocacy of Muslim scholars, the campaign for gold dinar and silver dirham runs into allegations of being simplistic, anachronistic, regressive, unnecessary, and sub-optimal. Shunning the popular Maqasidic and historical approaches in debunking these claims, this paper highlights the need for a return to basics, the default factory settings as designed by God, and trowels a fitrah approach in evaluating gold and silver. As such, we proffer an open-minded approach in formulating an Islamically congruent currency and decry obstinate fixation with 2016 Proceeding Paper NonPeerReviewed application/pdf en http://irep.iium.edu.my/50034/1/ISERD_Designing_Fitrah_Money_Appraisal_of_Gold-Silver_as_Practical_Alternatives.pdf application/pdf en http://irep.iium.edu.my/50034/4/PROGRAM_SCHEDULE_5th_feb.pdf application/pdf en http://irep.iium.edu.my/50034/6/Thank_you_letter_ISERD.pdf Mohamad, Azhar (2016) Designing fitrah money:appraisal of gold-silver as practical alternatives. In: ISERD-RW International Conference, 5 Feb 2016, West Drayton, London. (Unpublished)
spellingShingle HG201 Money
Mohamad, Azhar
Designing fitrah money:appraisal of gold-silver as practical alternatives
title Designing fitrah money:appraisal of gold-silver as practical alternatives
title_full Designing fitrah money:appraisal of gold-silver as practical alternatives
title_fullStr Designing fitrah money:appraisal of gold-silver as practical alternatives
title_full_unstemmed Designing fitrah money:appraisal of gold-silver as practical alternatives
title_short Designing fitrah money:appraisal of gold-silver as practical alternatives
title_sort designing fitrah money:appraisal of gold-silver as practical alternatives
topic HG201 Money
url http://irep.iium.edu.my/50034/
http://irep.iium.edu.my/50034/1/ISERD_Designing_Fitrah_Money_Appraisal_of_Gold-Silver_as_Practical_Alternatives.pdf
http://irep.iium.edu.my/50034/4/PROGRAM_SCHEDULE_5th_feb.pdf
http://irep.iium.edu.my/50034/6/Thank_you_letter_ISERD.pdf