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Designing fitrah money:appraisal of gold-silver as practical alternatives

Mohamad, Azhar (2016) Designing fitrah money:appraisal of gold-silver as practical alternatives. In: ISERD-RW International Conference, 5 Feb 2016, West Drayton, London. (Unpublished)

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Abstract

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

Item Type: Conference or Workshop Item (Slide Presentation)
Additional Information: 3334/50034
Subjects: H Social Sciences > HG Finance > HG201 Money
H Social Sciences > HG Finance > HG201 Money
Kulliyyahs/Centres/Divisions/Institutes (Can select more than one option. Press CONTROL button): Kulliyyah of Economics and Management Sciences
Kulliyyah of Economics and Management Sciences > Department of Business Administration
Depositing User: Dr Azhar Mohamad
Date Deposited: 09 Mar 2016 15:03
Last Modified: 24 May 2018 11:40
URI: http://irep.iium.edu.my/id/eprint/50034

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