The Gold Dinar and Silver Dirham
The Islamic case for commodity money, and the author's critique of the paper currency that replaced it.
Hosein’s argument for commodity money: that gold and silver, the dinar and the dirham, are the money Islamic law recognises, and that the paper currency which replaced them is a mechanism of dispossession. He traces the abandonment of metallic money through the twentieth century and connects it to the prohibition of riba, treating the two as a single subject.
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