The economic invalidity of fiat money from an islamic outlook

This research focuses on the role of money, the development of money and banking and monetary reform. The research demonstrates that the migration of the medium of exchange from gold and silver into a legal tender involving flat paper notes and bank deposits backed by debt, reflects a reduction of i...

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Main Author:	Adam Abdullah
Format:	Thesis
Language:	English
Subjects:	HG 351 .A3 2009 Adam Abdullah Tesis FPE 2009 Paper money Bank notes
Online Access:	http://umt-ir.umt.edu.my:8080/jspui/bitstream/123456789/1317/2/HG%20351%20.A3%202009%20FullText.pdf http://umt-ir.umt.edu.my:8080/jspui/bitstream/123456789/1317/1/HG%20351%20.A3%202009%20Abstract.pdf
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id	my-umt-ir.-1317
record_format	uketd_dc
spelling	my-umt-ir.-13172012-05-14T09:50:15Z The economic invalidity of fiat money from an islamic outlook Adam Abdullah This research focuses on the role of money, the development of money and banking and monetary reform. The research demonstrates that the migration of the medium of exchange from gold and silver into a legal tender involving flat paper notes and bank deposits backed by debt, reflects a reduction of intrinsic value, even though the token value of fiat money is still considered as equivalent in value to the intrinsic value of historical coinage: money has developed from physical gold and silver into virtual payments. Fakulti Pengurusan dan Ekonomi 2009-08 Thesis en http://hdl.handle.net/123456789/1317 http://umt-ir.umt.edu.my:8080/jspui/bitstream/123456789/1317/2/HG%20351%20.A3%202009%20FullText.pdf cc0fefe7f936469c5fcc01204355a2bf http://umt-ir.umt.edu.my:8080/jspui/bitstream/123456789/1317/1/HG%20351%20.A3%202009%20Abstract.pdf f3abd2ca6946cd68e7da68d305a8da0a http://umt-ir.umt.edu.my:8080/jspui/bitstream/123456789/1317/3/license.txt 8a4605be74aa9ea9d79846c1fba20a33 HG 351 .A3 2009 Adam Abdullah Tesis FPE 2009 Paper money Bank notes
institution	Universiti Malaysia Terengganu
collection	UMT Repository System
language	English
topic	HG 351 .A3 2009 Adam Abdullah Tesis FPE 2009 Paper money Bank notes
spellingShingle	HG 351 .A3 2009 Adam Abdullah Tesis FPE 2009 Paper money Bank notes Adam Abdullah The economic invalidity of fiat money from an islamic outlook
description	This research focuses on the role of money, the development of money and banking and monetary reform. The research demonstrates that the migration of the medium of exchange from gold and silver into a legal tender involving flat paper notes and bank deposits backed by debt, reflects a reduction of intrinsic value, even though the token value of fiat money is still considered as equivalent in value to the intrinsic value of historical coinage: money has developed from physical gold and silver into virtual payments.
format	Thesis
author	Adam Abdullah
author_facet	Adam Abdullah
author_sort	Adam Abdullah
title	The economic invalidity of fiat money from an islamic outlook
title_short	The economic invalidity of fiat money from an islamic outlook
title_full	The economic invalidity of fiat money from an islamic outlook
title_fullStr	The economic invalidity of fiat money from an islamic outlook
title_full_unstemmed	The economic invalidity of fiat money from an islamic outlook
title_sort	economic invalidity of fiat money from an islamic outlook
granting_institution	Fakulti Pengurusan dan Ekonomi
url	http://umt-ir.umt.edu.my:8080/jspui/bitstream/123456789/1317/2/HG%20351%20.A3%202009%20FullText.pdf http://umt-ir.umt.edu.my:8080/jspui/bitstream/123456789/1317/1/HG%20351%20.A3%202009%20Abstract.pdf
_version_	1747835823759294464

The economic invalidity of fiat money from an islamic outlook

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