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Title: الروبية السريلانكية في الميزان النقدي الإسلامي: دراسة مقارنة بين الاقتصاد الوضعي والإسلامي
Authors: Muhfeeth, L.M.
Keywords: Rupees
Monetary policy
Issue Date: 29-Nov-2018
Publisher: Faculty of Islamic Studies and Arabic Language, South Eastern University of Sri Lanka.
Citation: 5th International Symposium. 29 November 2018. Faculty of Islamic Studies and Arabic Language, South Eastern University of Sri Lanka, Oluvil, Sri Lanka, pp. 581-590.
Abstract: There is no doubt that the Islam prohibited unjustified increment in borrowing or lending money above the amount of loan. But the daily depreciation of Sri Lankan rupees raised the question how it can be compensated in non- interest Islamic financial policy? Is the borrower obligated to return the same quantity at the expiry of the loan or value of amount of loan at the date of loan? For example if the lender and borrower are concerned about the inflation, then the loan can be denominated in terms of gold or U.S. dollars. But if the loan is denominated in terms of Sri Lankan Rupees, on which basis it should be repaid? In this paper I tried to answer to this difficult and important question in Islamic monetary Perspective.
ISBN: 978-955-627-135-5
Appears in Collections:5th International Symposium of FIA-2018

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