A programmable dirham coin based Hajj saving electronic device
Hajj, one of the five pillars of religion of Islam requires long-term saving. As most of the Muslim majority countries are developing countries and also facing financial instabilities, savings tend to loose value due to depreciation of the national currencies, political and economic conditions of...
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| Main Authors: | , , |
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| Format: | Conference or Workshop Item |
| Language: | English |
| Published: |
2010
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| Subjects: | |
| Online Access: | http://irep.iium.edu.my/22645/1/pp111.pdf http://irep.iium.edu.my/22645/ |
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| Summary: | Hajj, one of the five pillars of religion of Islam requires long-term saving. As most of the Muslim
majority countries are developing countries and also facing financial instabilities, savings tend to loose
value due to depreciation of the national currencies, political and economic conditions of the countries.
As a solution to this problem, hajj saving in gold has been proposed has the solution to this paper money
devaluation. Previous studies have proven that there is a significant effect in cost of hajj when it is priced
in gold oppose to paper currency. |
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