PRINCIPLES AND FOUNDATIONS OF MONETARY SYSTEM IN ISLAMIC ECONOMICS

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EYVAZLOU H.

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Journal: EGHTESAD-E ISLAMI Year:2008 | Volume:8 | Issue:29 Page(s): 35-61

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Information Journal Paper

Title

PRINCIPLES AND FOUNDATIONS OF MONETARY SYSTEM IN ISLAMIC ECONOMICS

Author(s)

EYVAZLOU H. | Issue Writer Certificate

Keywords

ISLAMIC MONETARY SYSTEMQ3

ISLAMIC ECONOMICSQ2

VALUE OF MONEYQ3

EXISTENCE OF MONEYQ3

THE SHARE OF CASH MONEYQ3

GHARAR CONTRACTQ3

Abstract

This paper uses a set of consistent and coherent Islamic Axioms in a systematic approach to derive the general principles of ISLAMIC MONETARY SYSTEM. It is obvious that these principles are just theoretical and will change and evolve over the time. Using this method, we introduced three criteria; efficiency equity and mutual consent as the comparative Islamic measures and also derived four fundamental bases of ISLAMIC MONETARY SYSTEM in an Islamic framework of contracts given the fair market conditions as following:1. Money value is a measurement of social equity;2. Money value roots in transactions in goods and services market;3. Possibility of assignment of shadow price for money and cash capital;4. Mutual consent in economic and financial behaviors.

Cites

References

THE COMMON GOOD AND ECONOMIC JUSTICE: REFLECTIONS ON THE THOUGHT OF YVES R. SIMON

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APA: Copy

EYVAZLOU, H.. (2008). PRINCIPLES AND FOUNDATIONS OF MONETARY SYSTEM IN ISLAMIC ECONOMICS. EGHTESAD-E ISLAMI, 8(29), 35-61. SID. https://sid.ir/paper/99724/en

Vancouver: Copy

EYVAZLOU H.. PRINCIPLES AND FOUNDATIONS OF MONETARY SYSTEM IN ISLAMIC ECONOMICS. EGHTESAD-E ISLAMI[Internet]. 2008;8(29):35-61. Available from: https://sid.ir/paper/99724/en

IEEE: Copy

H. EYVAZLOU, “PRINCIPLES AND FOUNDATIONS OF MONETARY SYSTEM IN ISLAMIC ECONOMICS,” EGHTESAD-E ISLAMI, vol. 8, no. 29, pp. 35–61, 2008, [Online]. Available: https://sid.ir/paper/99724/en

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