Year: 2020
Type: article
Abstract: This research aims to show the flexibility of the Islamic Legislation concerning the effect of the change of the value of the currency on the economy and to display that it is involved in all the transactions especially in religion.It causes economic troubles that influence individuals and groups.This study is based on the inductive approach following the matters and the branches of the subject.In addition, the comparative and the analytic methods are employed in this research.It is evident that, the jurists nominate gold and silver money and they do the same with what is used instead of money in people's transactions and exchanges.In addition, the changes in the value of gold and silver whether they became cheaper or more expensive do not affect paying the debt which should be paid as it is.Following Al-Hanafe'ah's opinion, the issue of decreasing the value of currency when paying the debt is a must, and it is considered the fundamental opinion which matches the fact of the issue of money in our age.On the other hand, the other opinion, though it is applied by all the jurists, doesn't go with the issue of currency in our time due to variances in the nature and the characteristics of currency (money).In this subject, the term debt is the fixed amount of money in the crunch of a person to another person, regardless of the cause of this debt whether it is a result of a contract, a dowry or whatever.Dealing with the issue of the change of the value of the currency of the debt as it decreases includes the opposite case.In case of the sharp increase of the value of the debt currency, it will cause great harm for the debtor.If this happens, the argument concerning the decrease of the value of the debt currency also includes it referring to the nature of the utilized currency.I recommend providing this subject (The effect of the change of currency) the greatest importance that it deserves in all the transactions to avoid the bad effects resulted from not considering that issue.I also recommend that students should be guided to search this subject in the rest of the transactions and to hold international conferences to find solutions for the problems resulted from not concerning the effect of that on Economy.
Language: Arabic
Subfield: Accounting
Domain: Social Sciences
Open Access status: diamond
OpenAlex ID: W4242306402