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**floadaVonfoli** · 10-17-2011, 07:40 AM

is fiat money an acceptable form of money within the scope of the shariah?

does the shariah recognise and accept a currency that has no real value behind it except for the value that is attributed to it by the issuing government?

is there a shari definition of money/currency?

is it acceptable within the scope of the shariah that the value of fiat money fluctuates?.........eg is it ok that the money that you saved and earned from work last year does not have the same value from the time that you earned it, and later still over the months and years the value of that money will continue to change and fall.

10-17-2011, 07:40 AM	#1
floadaVonfoli Join Date Oct 2005 Posts 417 Senior Member	Fiat Money and the Shariah? is fiat money an acceptable form of money within the scope of the shariah? does the shariah recognise and accept a currency that has no real value behind it except for the value that is attributed to it by the issuing government? is there a shari definition of money/currency? is it acceptable within the scope of the shariah that the value of fiat money fluctuates?.........eg is it ok that the money that you saved and earned from work last year does not have the same value from the time that you earned it, and later still over the months and years the value of that money will continue to change and fall.
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