Designing Fitrah Money: A Maqasidic Discourse (JIMF Bank Indonesia Conference Nov 2017)
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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| Format: | Proceeding Paper |
| Language: | English English English English |
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2017
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| Online Access: | http://irep.iium.edu.my/59557/ http://irep.iium.edu.my/59557/1/JIMF%202017%20Surabaya%20camera%20ready%20Fitrah%20money%20Paper.docx http://irep.iium.edu.my/59557/2/JIMF%20Fitrah%20money%20slides%20Surabaya%20Nov%202017.pptx http://irep.iium.edu.my/59557/3/JIMF%202017%2010%20Booklet%203IIMEFC%20FINAL%2002112017.pdf http://irep.iium.edu.my/59557/4/JIMF%202017%20presenter%20certificate.jpeg |
| _version_ | 1848785331649773568 |
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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 gold and silver, which hardly serve the best interests of ummah. |
| first_indexed | 2025-11-14T16:51:27Z |
| format | Proceeding Paper |
| id | iium-59557 |
| institution | International Islamic University Malaysia |
| institution_category | Local University |
| language | English English English English |
| last_indexed | 2025-11-14T16:51:27Z |
| publishDate | 2017 |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | iium-595572017-11-24T04:18:01Z http://irep.iium.edu.my/59557/ Designing Fitrah Money: A Maqasidic Discourse (JIMF Bank Indonesia Conference Nov 2017) Mohamad, Azhar HG Finance HG201 Money HG3368 Islamic Banking and Finance 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 gold and silver, which hardly serve the best interests of ummah. 2017-11-08 Proceeding Paper PeerReviewed application/pdf en http://irep.iium.edu.my/59557/1/JIMF%202017%20Surabaya%20camera%20ready%20Fitrah%20money%20Paper.docx application/pdf en http://irep.iium.edu.my/59557/2/JIMF%20Fitrah%20money%20slides%20Surabaya%20Nov%202017.pptx application/pdf en http://irep.iium.edu.my/59557/3/JIMF%202017%2010%20Booklet%203IIMEFC%20FINAL%2002112017.pdf application/pdf en http://irep.iium.edu.my/59557/4/JIMF%202017%20presenter%20certificate.jpeg Mohamad, Azhar (2017) Designing Fitrah Money: A Maqasidic Discourse (JIMF Bank Indonesia Conference Nov 2017). In: 3rd International Islamic Monetary Economics and Finance Conference IIMEFC / JIMF, November 8 - 9, 2017, Grand City Convention and Exhibition, Surabaya East Java, Indonesia.. (In Press) |
| spellingShingle | HG Finance HG201 Money HG3368 Islamic Banking and Finance Mohamad, Azhar Designing Fitrah Money: A Maqasidic Discourse (JIMF Bank Indonesia Conference Nov 2017) |
| title | Designing Fitrah Money: A Maqasidic Discourse (JIMF Bank Indonesia Conference Nov 2017) |
| title_full | Designing Fitrah Money: A Maqasidic Discourse (JIMF Bank Indonesia Conference Nov 2017) |
| title_fullStr | Designing Fitrah Money: A Maqasidic Discourse (JIMF Bank Indonesia Conference Nov 2017) |
| title_full_unstemmed | Designing Fitrah Money: A Maqasidic Discourse (JIMF Bank Indonesia Conference Nov 2017) |
| title_short | Designing Fitrah Money: A Maqasidic Discourse (JIMF Bank Indonesia Conference Nov 2017) |
| title_sort | designing fitrah money: a maqasidic discourse (jimf bank indonesia conference nov 2017) |
| topic | HG Finance HG201 Money HG3368 Islamic Banking and Finance |
| url | http://irep.iium.edu.my/59557/ http://irep.iium.edu.my/59557/1/JIMF%202017%20Surabaya%20camera%20ready%20Fitrah%20money%20Paper.docx http://irep.iium.edu.my/59557/2/JIMF%20Fitrah%20money%20slides%20Surabaya%20Nov%202017.pptx http://irep.iium.edu.my/59557/3/JIMF%202017%2010%20Booklet%203IIMEFC%20FINAL%2002112017.pdf http://irep.iium.edu.my/59557/4/JIMF%202017%20presenter%20certificate.jpeg |