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- W4283581421 abstract "Money has been considered the sinew of the economy and the medium of exchange throughout the ages. Money consisted of gold and silver coins in the first Islamic era; however, in our contemporary reality it has taken on completely different forms having no connection to gold or silver. This has generated many problems in categorizing these forms as money to which the legal rulings of the Qur’an and Sunnah, as well as the jurisprudence of former jurists, apply. This research aims to track the most important of these problems in order to facilitate understanding of them. It adopts inductive, analytical and critical methods to do so. The research reached a number of results, the most important of which is that the unqualified application of Shariah provisions that were established for gold and silver to paper currencies and other forms of money deviates from the accurate application (taḥqīq al-manāṭ) of the legal texts. Moreover, it deviates from the objectives of the Shariah regarding justice in wealth and prevention of its wrongful consumption. It is, thus, necessary to review the previous jurisprudential rulings in order to restore gold as a measure of value and a medium of exchange. The emergence of virtual currencies and the current global situation can be used to achieve this." @default.
- W4283581421 created "2022-06-28" @default.
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- W4283581421 date "2022-06-27" @default.
- W4283581421 modified "2023-10-07" @default.
- W4283581421 title "The Monetary Status of Paper Currency: The Jurisprudential Problem and the Future Alternative" @default.
- W4283581421 doi "https://doi.org/10.55188/ijifarabic.v11i1.254" @default.
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