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THE IMPOSSIBILITY OF REVIVING DINAR AND DIRHAM CURRENCY SYSTEM IN THE MODERN ECONOMY WORLD




THE IMPOSSIBILITY OF REVIVING DINAR AND DIRHAM CURRENCY SYSTEM IN THE MODERN ECONOMY WORLD

Muhammad Muflih
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This study demonstrates that in the talk of fiqh, Islamic history, and Islamic banking the place of the idea of restoring the cash of dirham and dinar is extremely feeble.
Markers that legitimize the finish of this study are:

(1) there is a correspondence with authentic proof of expansion in the Islamic world,
(2) there is correspondence with contemplations of fiqh,
(3) there is a correspondence with current syariah monetary idea, and
(4) there is a correspondence with Islamic financial demeanor.

This study is composed to challenge the possibility of Ahmad Hasan, Hifzu Rab, Khan-Mirakhor, Meera-Larbani, and 'Umar Vadillo who express that expansion issue in Islamic world is best addressed by reapplying the monetary standards of dinar and dirham as bases of exchange intercession. 

The mistake of finish of the cutting edge Islamic financial analyst figures was shown by numerous chronicled realities showing the disturbance in upsides of these two gold bills on schedule of expansion. Different purposes behind the delicacy of these two monetary standards are;

(I) absence of help of the fiqh master in reinforcing these cash frameworks as way out of the expansion impacted exchange, 
(ii)lack of help of fiqh specialists to encourage Islamic universes to involve just dinar and dirham as true money,
(iii) absence of help of Islamic financial specialists to restore the utilization of dinar and dirham as exchange bases and solution for expansion impacted exchange. 

The realities showed that the picked framework taken by fiqh and Islamic financial specialists in settling the expansion impacted exchange was the reinforcing of mu'âmalah exchange framework as opposed to substituting the money framework. 

The result of the reinforcing the mu'âmalah exchange framework is an idea of value change.
The idea of value change gives a solid ramifications to current Islamic banking as an instrument of the mu'âmalah exchange framework support while confronting expansion cases. Slow-cooker-meatballs.
Keywords: inflation, islamic banking, dinar, dirham

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