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- Title
The Islamic Currency.
- Authors
Ateş, Ahmet Enes
- Abstract
Consequently, Abdullah does identify bimetallic monetary system used for ages by Muslims and justifies the commodity money, dinar and dirham in particular, Turkish Journal of Islamic Economics (TUJISE) 182 against fiat money. Apart from Abdullah, many other Muslim economists present the same ideas about monetary economics that the fiat money standard and the fractional reserve banking is not compatible with the Sharia. On the other hand, fiat money has no intrinsic value, but has a nominal specific price for being money. Adam Abdullah, The Islamic Currency, Malaysia: ICIFE, 2016, 477 pages Reviewer: Ahmet Enes Ates © Research Center for Islamic Economics DOI: 10.26414/BR195 TUJISE, 8(1), 2021, 177-182 tujise.org Research Assistant, Marmara University, Turkey. ahmet.enes@marmara.edu.tr TUJISE Turkish Journal of Islamic Economics Which concept is more central and much-debated in the field of economy than money?.
- Subjects
MONEY supply; HARD currencies; MONETARY policy; PRECIOUS metals; COINAGE
- Publication
Turkish Journal of Islamic Economics, 2021, Vol 8, Issue 1, p177
- ISSN
2147-9054
- Publication type
Article
- DOI
10.26414/BR195