Financial crisis, fiqh Muamalat and international commutative transactions: an empirical assessment of the value of contemporary currency in light of the prohibition against Gharar

• Main Authors: Witbrodt, Matthew, Rohimi Shapiee,
• Format: Article
• Language: English
• Published: Penerbit Universiti Kebangsaan Malaysia 2013
• Online Access: http://journalarticle.ukm.my/6981/1/4978-13947-1-PB.pdf; http://journalarticle.ukm.my/6981/; http://ejournals.ukm.my/pengurusan/index

Financial crises are common facets of the contemporary economic environment. The present study examines the effects of the 1997 Asian Financial Crisis on the value of the Indonesian Rupiah (IDR) against the US Dollar (USD) over a 186-month period, including the 12-month period prior to the formal be...