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The preā€eminence of gold and silver as Shariah money.

Authors :
Krichene, Noureddine
Ghassan, Hassan Belkacem
Source :
Thunderbird International Business Review; Sep2019, Vol. 61 Issue 5, p821-835, 15p, 1 Chart, 1 Graph
Publication Year :
2019

Abstract

Shariah money is gold and silver, supplied by the market on profit criterion. Everywhere, government inconvertible paper money arose from bankruptcy. A government with balanced budgets would never need it. Imposed by force, inconvertible paper is a taxation mean, highly inflationary, and causes impoverishment. Unjust and bankrupt governments will continue to force this despotic money. Islamic Monetary Economics refutes the idea of money as a policy tool. Fully convertible paper is Shariah compliant. Shariah requires a just government to balance its budgets and restore fully gold and silver as lawful money. [ABSTRACT FROM AUTHOR]

Subjects

Subjects :
PAPER money
SILVER
GOLD
BANKRUPTCY

Details

Language :
English
ISSN :
10964762
Volume :
61
Issue :
5
Database :
Complementary Index
Journal :
Thunderbird International Business Review
Publication Type :
Academic Journal
Accession number :
137906673
Full Text :
https://doi.org/10.1002/tie.22040