Seigniorage of fiat money and the maqasid al-shari'ah: the compatibility of the gold dinar with the maqasid

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Seigniorage of fiat money and the maqasid al-shari'ah: the compatibility of the gold dinar with the maqasid

Part I of the paper argued that fiat money is counterproductive to the attainment of the maqasid al-Shari’ah. In the present interest-based fiat monetary system one of the maqasid, namely, the protection of wealth (mal) cannot be realized, which in turn causes the other maqasid to be affected too. I...

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Bibliographic Details
Main Authors:	Mydin Meera, Ahamed Kameel, Larbani, Moussa
Other Authors:	Mydin Meera, Ahamed Kameel
Format:	Article
Language:	English
Published:	Jabatan Kemajuan Islam Malaysia 2009
Subjects:	HG201 Money
Online Access:	http://irep.iium.edu.my/8694/ http://irep.iium.edu.my/8694/1/seigniorage_of_fiat_money_and_the_maqasid_al-shariah.pdf

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