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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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Bibliographic Details
Main Author: Adam Abdullah
Format: Thesis
Language:English
Published: Fakulti Pengurusan dan Ekonomi 2012
Subjects:
HG 351 .A3 2009
Adam Abdullah
Tesis FPE 2009
Paper money
Bank notes
Online Access:http://hdl.handle.net/123456789/1317
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id my.umt.ir-1317
record_format eprints
spelling my.umt.ir-13172012-05-14T09:50:15Z The economic invalidity of fiat money from an islamic outlook Adam Abdullah HG 351 .A3 2009 Adam Abdullah Tesis FPE 2009 Paper money Bank notes 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. 2012-05-14T09:50:15Z 2012-05-14T09:50:15Z 2009-08 Thesis http://hdl.handle.net/123456789/1317 en ;HG 351 .A3 2009 application/pdf application/pdf Fakulti Pengurusan dan Ekonomi
institution Universiti Malaysia Terengganu
building Perpustakaan Sultanah Nur Zahirah
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Malaysia Terengganu
content_source UMT-IR
url_provider http://umt-ir.umt.edu.my:8080/
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
publisher Fakulti Pengurusan dan Ekonomi
publishDate 2012
url http://hdl.handle.net/123456789/1317
_version_ 1738395562269474816
score 13.214268

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