Islamic monetary system : a study on the viability of transforming the fiat monetary system into the grain-backed monetary system /

Contemporary economy of the world is running under the Fiat Monetary System which is characterized as the most dangerous, unfair and non-Islamic monetary system. For instance, the value of fiat money depreciates day by day and consequently heading towards becoming worthless pieces of paper, nickel a...

Full description

Saved in:
Bibliographic Details
Main Author: Aizezi, Abula
Format: Thesis
Language:English
Published: Gombak, Selangor : Institute of Islamic Thought and Civilization, International Islamic University Malaysia 2010
Subjects:
Online Access:http://studentrepo.iium.edu.my/handle/123456789/2522
Tags: Add Tag
No Tags, Be the first to tag this record!
LEADER 032600000a22003370004500
008 110512t2010 my a g m 000 0 eng d
040 |a UIAM  |b eng 
041 |a eng 
050 0 0 |a HG230.3 
100 1 |a Aizezi, Abula 
245 1 0 |a Islamic monetary system :  |b a study on the viability of transforming the fiat monetary system into the grain-backed monetary system /  |c by Abula Aizezi 
260 |a Gombak, Selangor :  |b Institute of Islamic Thought and Civilization, International Islamic University Malaysia   |c 2010 
300 |a xiii, 127 leaves :  |b ill. ;  |c 30 cm. 
500 |a Abstract in English and Arabic. 
500 |a "A dissertation submitted in partial fulfilment of the requirement for the degree of Master of Philosophy, Ethics and Contemporary Issues"-- On t.p. 
502 |a Thesis (MPECI)--International Islamic University Malaysia,2010. 
504 |a Includes bibliographical references (leaves 123-127). 
520 |a Contemporary economy of the world is running under the Fiat Monetary System which is characterized as the most dangerous, unfair and non-Islamic monetary system. For instance, the value of fiat money depreciates day by day and consequently heading towards becoming worthless pieces of paper, nickel and digital characters; it provides the superpower countries with the opportunity of monetary oppression and monopoly on weak nations; fiat money is issued with interest. Therefore, in a quest to contribute to solve these monetary problems of the world as much as possible, this research aims to examine the viability of transforming the Fiat Monetary System into the Grain-backed Monetary System which is characterized as a safe, fair and Islamic monetary system. Thus, this study, firstly, recalls the economic history of the world from Barter System to the Fiat Monetary System and analyzes their advantages and disadvantages. Then, it discusses the Islamic Criteria of Acceptable Trade and the compatibilities of the Barter System and the traditional and contemporary monetary systems with the Islamic Criteria of Acceptable Trade. Finally, this dissertation introduces a new monetary system, namely, Grain-backed Monetary System and analyzes its significance, Islamicity, contributions to the contemporary and future sustainable economic developments of the Islamic world in particular and of the whole world in general. 
596 |a 1 
650 0 |a Monetary policy  |x Religious aspects Islam 
650 0 |a Paper money  |x Islamic perspectives 
650 0 |a Money 
650 0 |a Economics, Islamic 
655 |a Theses, IIUM local 
690 |a Dissertations, Academic  |x International Institute of Islamic Thought and Civilization   |z IIUM 
710 2 |a International Islamic University Malaysia.  |b International Institute of Islamic Thought and Civilization 
856 4 |u http://studentrepo.iium.edu.my/handle/123456789/2522 
900 |a hab-smab-his-rmb 
999 |c 435422  |d 466356 
952 |0 0  |6 T HG000230.000003 A000311I 002010  |7 0  |8 THESES  |9 754507  |a IIUM  |b IIUM  |c MULTIMEDIA  |g 0.00  |o t HG230.3 A311I 2010  |p 00011204537  |r 2017-10-19  |t 1  |v 0.00  |y THESIS 
952 |0 0  |6 TS CDF HG000230.000003 A000311I 002010  |7 0  |8 THESES  |9 845321  |a IIUM  |b IIUM  |c MULTIMEDIA  |g 0.00  |o ts cdf HG230.3 A311I 2010  |p 11100325994  |r 2017-10-26  |t 2  |v 0.00  |y THESISDIG