Business, Management and Accounting
8 years ago

Islamic economy redefines money's role as store of value and exchange.

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Palgrave Macmillan Books
The Concept of Money in Islam
Masudul Alam Choudhury

Paper Summary

The article discusses how money is used in Islam, focusing on its role as a store of value and medium of exchange. It also explores the stability of monetary aggregates in the Islamic economy to determine the value of assets. The main goal is to introduce the concept of money in Islam and answer key questions about its function.

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