Designing fitrah money: a maqasidic discourse
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: | Article |
| Language: | English |
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Bank Indonesia
2018
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| Online Access: | http://irep.iium.edu.my/62856/ http://irep.iium.edu.my/62856/ http://irep.iium.edu.my/62856/1/62856_Designing%20fitrah.pdf |
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iium-62856 |
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eprints |
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iium-628562018-04-25T06:24:52Z http://irep.iium.edu.my/62856/ Designing fitrah money: a maqasidic discourse Mohammad Sifat, Imtiaz Mohamad, Azhar HB126.4 Islamic Economics HJ9011 Local 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. Bank Indonesia 2018 Article PeerReviewed application/pdf en http://irep.iium.edu.my/62856/1/62856_Designing%20fitrah.pdf Mohammad Sifat, Imtiaz and Mohamad, Azhar (2018) Designing fitrah money: a maqasidic discourse. Journal of Islamic Monetary and Finance (JIMF), 3 (2). pp. 388-396. ISSN 2460-6146 E-ISSN 2460-6618 http://jimf-bi.org/index.php/JIMF/article/view/896 |
| repository_type |
Digital Repository |
| institution_category |
Local University |
| institution |
International Islamic University Malaysia |
| building |
IIUM Repository |
| collection |
Online Access |
| language |
English |
| topic |
HB126.4 Islamic Economics HJ9011 Local finance |
| spellingShingle |
HB126.4 Islamic Economics HJ9011 Local finance Mohammad Sifat, Imtiaz Mohamad, Azhar Designing fitrah money: a maqasidic discourse |
| 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. |
| format |
Article |
| author |
Mohammad Sifat, Imtiaz Mohamad, Azhar |
| author_facet |
Mohammad Sifat, Imtiaz Mohamad, Azhar |
| author_sort |
Mohammad Sifat, Imtiaz |
| title |
Designing fitrah money: a maqasidic discourse |
| title_short |
Designing fitrah money: a maqasidic discourse |
| title_full |
Designing fitrah money: a maqasidic discourse |
| title_fullStr |
Designing fitrah money: a maqasidic discourse |
| title_full_unstemmed |
Designing fitrah money: a maqasidic discourse |
| title_sort |
designing fitrah money: a maqasidic discourse |
| publisher |
Bank Indonesia |
| publishDate |
2018 |
| url |
http://irep.iium.edu.my/62856/ http://irep.iium.edu.my/62856/ http://irep.iium.edu.my/62856/1/62856_Designing%20fitrah.pdf |
| first_indexed |
2023-09-18T21:29:04Z |
| last_indexed |
2023-09-18T21:29:04Z |
| _version_ |
1777412388116496384 |