UNITY

PAPER MONEY – Islamic Legal Analysis

Selected excerpts translated from the book, which is a discussion & analysis by Sheikh Abdullah b. Sulayman b. Mani’, now a member of the Council of Senior Islamic Scholars (Lajnah Kibar al-‘Ulama’) of Saudi Arabia.  The version I’ve used is the author’s original Master’s thesis – this was later expanded into a bigger book.

With the current chaos in the financial markets, it is especially urgent in our times to re-evaluate our financial, monetary and banking systems.  A critique of fiat money, token money, paper money and electronic money is long overdue.  This text may be helpful in providing Islamic viewpoints to the discussion.  Other resources I recommend are The Creature from Jekyll Island by Edward Griffin (a gripping read!), Tarek el-Diwany’s The Problem with Interest and his website Islamic Finance (www.islamic-finance.com), and the cartoon film Money as Debt.

Tags: banking, credit crunch, economics, fiat money, finance, Ibn Mani, Islam, Islamic economics, Islamic finance, paper money

This entry was posted on June 7, 2009 at 4:00 am and is filed under Finance & Economics. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.