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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| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Jabatan Kemajuan Islam Malaysia
2009
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| Online Access: | http://irep.iium.edu.my/8694/1/seigniorage_of_fiat_money_and_the_maqasid_al-shariah.pdf http://irep.iium.edu.my/8694/ |
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