Money in Islamic banking system

The idea of revisiting currency and the gold dinar from an Islamic standpoint is an interesting topic of discussion in the context of the current monetary system. This chapter examines the historical aspects and supremacy of a gold currency and the weakness of fiat money using a maslahah-mafsadah ap...

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Main Authors:	Santoso, Bedjo, Ahmad, Khaliq, Saiti, Buerhan
Format:	Book Chapter
Language:	English English
Published:	Palgrave Macmillan 2017
Subjects:	HG1501 Banking HG3368 Islamic Banking and Finance
Online Access:	http://irep.iium.edu.my/59669/ http://irep.iium.edu.my/59669/ http://irep.iium.edu.my/59669/ http://irep.iium.edu.my/59669/1/59669_Money%20in%20Islamic%20banking%20system.pdf http://irep.iium.edu.my/59669/6/59669_%20front%20matter%20money%20in%20Islami%20banking%20system.pdf

id	iium-59669
recordtype	eprints
spelling	iium-596692019-08-20T02:55:46Z http://irep.iium.edu.my/59669/ Money in Islamic banking system Santoso, Bedjo Ahmad, Khaliq Saiti, Buerhan HG1501 Banking HG3368 Islamic Banking and Finance The idea of revisiting currency and the gold dinar from an Islamic standpoint is an interesting topic of discussion in the context of the current monetary system. This chapter examines the historical aspects and supremacy of a gold currency and the weakness of fiat money using a maslahah-mafsadah approach. It considers some possible alternative forms of gold as money and then discusses some obstacles and barriers in the hope of finding a model of gold as money to implement in the current economic system. A deductive method is used to explore the implementation of a gold currency based on historical study and library research. The findings reveal that money is not limited to gold and silver. However, by deriving new law from original law process, the law (hukm) of gold or silver as money is permissible. Palgrave Macmillan 2017 Book Chapter PeerReviewed application/pdf en http://irep.iium.edu.my/59669/1/59669_Money%20in%20Islamic%20banking%20system.pdf application/pdf en http://irep.iium.edu.my/59669/6/59669_%20front%20matter%20money%20in%20Islami%20banking%20system.pdf Santoso, Bedjo and Ahmad, Khaliq and Saiti, Buerhan (2017) Money in Islamic banking system. In: Islamic economies: stability, markets and endowments. Palgrave CIBFR Studies in Islamic Finance . Palgrave Macmillan, Cham, Switzerland, pp. 99-125. ISBN 978-3-319-47936-1 https://link.springer.com/chapter/10.1007/978-3-319-47937-8_7 10.1007/978-3-319-47937-8
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English English
topic	HG1501 Banking HG3368 Islamic Banking and Finance
spellingShingle	HG1501 Banking HG3368 Islamic Banking and Finance Santoso, Bedjo Ahmad, Khaliq Saiti, Buerhan Money in Islamic banking system
description	The idea of revisiting currency and the gold dinar from an Islamic standpoint is an interesting topic of discussion in the context of the current monetary system. This chapter examines the historical aspects and supremacy of a gold currency and the weakness of fiat money using a maslahah-mafsadah approach. It considers some possible alternative forms of gold as money and then discusses some obstacles and barriers in the hope of finding a model of gold as money to implement in the current economic system. A deductive method is used to explore the implementation of a gold currency based on historical study and library research. The findings reveal that money is not limited to gold and silver. However, by deriving new law from original law process, the law (hukm) of gold or silver as money is permissible.
format	Book Chapter
author	Santoso, Bedjo Ahmad, Khaliq Saiti, Buerhan
author_facet	Santoso, Bedjo Ahmad, Khaliq Saiti, Buerhan
author_sort	Santoso, Bedjo
title	Money in Islamic banking system
title_short	Money in Islamic banking system
title_full	Money in Islamic banking system
title_fullStr	Money in Islamic banking system
title_full_unstemmed	Money in Islamic banking system
title_sort	money in islamic banking system
publisher	Palgrave Macmillan
publishDate	2017
url	http://irep.iium.edu.my/59669/ http://irep.iium.edu.my/59669/ http://irep.iium.edu.my/59669/ http://irep.iium.edu.my/59669/1/59669_Money%20in%20Islamic%20banking%20system.pdf http://irep.iium.edu.my/59669/6/59669_%20front%20matter%20money%20in%20Islami%20banking%20system.pdf
first_indexed	2023-09-18T21:24:32Z
last_indexed	2023-09-18T21:24:32Z
_version_	1777412103221542912

Money in Islamic banking system

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