Gold vis-à-vis money in Islam: the case against Dinarist movement
This paper delves in an aspect of monetary economics, addressing its Islamic wing in general and dinar advocates in particular. It argues that calls to reinstitution of dinar currencies are not only anachronistic and unnecessary, but also counter-productive and potentially unislamic. It further posi...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
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Emerald Group Publishing Ltd.
2017
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| Subjects: | |
| Online Access: | http://irep.iium.edu.my/59703/ http://irep.iium.edu.my/59703/1/59703_Gold%20vis-%C3%A0-vis%20money%20in%20Islam.pdf |
| _version_ | 1848785357146947584 |
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| author | Mohamad, Azhar Mohammad Sifat, Imtiaz |
| author_facet | Mohamad, Azhar Mohammad Sifat, Imtiaz |
| author_sort | Mohamad, Azhar |
| building | IIUM Repository |
| collection | Online Access |
| description | This paper delves in an aspect of monetary economics, addressing its Islamic wing in general and dinar advocates in particular. It argues that calls to reinstitution of dinar currencies are not only anachronistic and unnecessary, but also counter-productive and potentially unislamic. It further posits that regardless of nature of economy, legal tender fiat money and bank money are of same genus and treating them otherwise isn’t consistent with Islamic jurisprudential precepts. We also highlight that mismanagement, avarice, and human follies are to blame for financial maladies; regression to metallic currency is neither a panacea to the conundrums nor Islamic. |
| first_indexed | 2025-11-14T16:51:51Z |
| format | Article |
| id | iium-59703 |
| institution | International Islamic University Malaysia |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-14T16:51:51Z |
| publishDate | 2017 |
| publisher | Emerald Group Publishing Ltd. |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | iium-597032018-03-20T08:25:49Z http://irep.iium.edu.my/59703/ Gold vis-à-vis money in Islam: the case against Dinarist movement Mohamad, Azhar Mohammad Sifat, Imtiaz HG201 Money HG3368 Islamic Banking and Finance This paper delves in an aspect of monetary economics, addressing its Islamic wing in general and dinar advocates in particular. It argues that calls to reinstitution of dinar currencies are not only anachronistic and unnecessary, but also counter-productive and potentially unislamic. It further posits that regardless of nature of economy, legal tender fiat money and bank money are of same genus and treating them otherwise isn’t consistent with Islamic jurisprudential precepts. We also highlight that mismanagement, avarice, and human follies are to blame for financial maladies; regression to metallic currency is neither a panacea to the conundrums nor Islamic. Emerald Group Publishing Ltd. 2017-11-22 Article PeerReviewed application/pdf en http://irep.iium.edu.my/59703/1/59703_Gold%20vis-%C3%A0-vis%20money%20in%20Islam.pdf Mohamad, Azhar and Mohammad Sifat, Imtiaz (2017) Gold vis-à-vis money in Islam: the case against Dinarist movement. International Journal of Law and Management, 59 (6). pp. 977-992. ISSN 1754-243X E-ISSN 1754-2448 https://www.emeraldinsight.com/doi/full/10.1108/IJLMA-06-2016-0061 10.1108/IJLMA-06-2016-0061 |
| spellingShingle | HG201 Money HG3368 Islamic Banking and Finance Mohamad, Azhar Mohammad Sifat, Imtiaz Gold vis-à-vis money in Islam: the case against Dinarist movement |
| title | Gold vis-à-vis money in Islam: the case against Dinarist movement |
| title_full | Gold vis-à-vis money in Islam: the case against Dinarist movement |
| title_fullStr | Gold vis-à-vis money in Islam: the case against Dinarist movement |
| title_full_unstemmed | Gold vis-à-vis money in Islam: the case against Dinarist movement |
| title_short | Gold vis-à-vis money in Islam: the case against Dinarist movement |
| title_sort | gold vis-à-vis money in islam: the case against dinarist movement |
| topic | HG201 Money HG3368 Islamic Banking and Finance |
| url | http://irep.iium.edu.my/59703/ http://irep.iium.edu.my/59703/ http://irep.iium.edu.my/59703/ http://irep.iium.edu.my/59703/1/59703_Gold%20vis-%C3%A0-vis%20money%20in%20Islam.pdf |