THE STUDY OF ISLAMIC VIEWPOINT AND WESTERN APPROACH TO SUBJECTIVE CONCEPT OF MONEY AND CREDIT

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MOJAHEDI MOAKHAR MOHAMMAD MEHDI; DALALI ESFAHANI RAHIM; SAMADI SAEID; BAKHSHI RASOUL

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Journal: Journal of Economic Research and Policies Year:2013 | Volume:21 | Issue:65 Page(s): 201-230

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Title

THE STUDY OF ISLAMIC VIEWPOINT AND WESTERN APPROACH TO SUBJECTIVE CONCEPT OF MONEY AND CREDIT

Author(s)

MOJAHEDI MOAKHAR MOHAMMAD MEHDI | DALALI ESFAHANI RAHIM | SAMADI SAEID | BAKHSHI RASOUL | Issue Writer Certificate

Keywords

MONEYQ2

MONEY ESSENCEQ2

CREDITQ2

BANKQ2

EX NIHILOQ2

Abstract

The imaginable essences around the world are either objective or subjective that rely on original objective concepts. In this regard some phenomena neither exist in objective world nor in subjective concepts, and only a falsified fact is what exists. MONEY -as a human’s innovation- could be an objective essence in commodity or a subjective concept (fiat MONEY). Furthermore MONEY could be forged from EX NIHILO MONEY creation. This paper compares western and Islamic economists’ viewpoints about subjective essence of MONEY and CREDIT. The western approach emphasizes on function of MONEY while Islamic attitude mainly based on identity of MONEY. So the difference between their attitudes towards MONEY essence and function, leads to different entrance into the MONEY concept.

Cites

COMPARATIVE ANALYSIS OF THE THEORETICAL FOUNDATIONS OF CENTRAL BANK INDEPENDENCE IN CONVENTIONAL ECONOMICS AND ISLAMIC ECONOMICS

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APA: Copy

MOJAHEDI MOAKHAR, MOHAMMAD MEHDI, DALALI ESFAHANI, RAHIM, SAMADI, SAEID, & BAKHSHI, RASOUL. (2013). THE STUDY OF ISLAMIC VIEWPOINT AND WESTERN APPROACH TO SUBJECTIVE CONCEPT OF MONEY AND CREDIT. JOURNAL OF ECONOMIC RESEARCH AND POLICIES, 21(65), 201-230. SID. https://sid.ir/paper/89516/en

Vancouver: Copy

MOJAHEDI MOAKHAR MOHAMMAD MEHDI, DALALI ESFAHANI RAHIM, SAMADI SAEID, BAKHSHI RASOUL. THE STUDY OF ISLAMIC VIEWPOINT AND WESTERN APPROACH TO SUBJECTIVE CONCEPT OF MONEY AND CREDIT. JOURNAL OF ECONOMIC RESEARCH AND POLICIES[Internet]. 2013;21(65):201-230. Available from: https://sid.ir/paper/89516/en

IEEE: Copy

MOHAMMAD MEHDI MOJAHEDI MOAKHAR, RAHIM DALALI ESFAHANI, SAEID SAMADI, and RASOUL BAKHSHI, “THE STUDY OF ISLAMIC VIEWPOINT AND WESTERN APPROACH TO SUBJECTIVE CONCEPT OF MONEY AND CREDIT,” JOURNAL OF ECONOMIC RESEARCH AND POLICIES, vol. 21, no. 65, pp. 201–230, 2013, [Online]. Available: https://sid.ir/paper/89516/en

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