What is it about?

This study aims to identify and analyse the forms of infringement on the sovereign right of public authority in the issuance and management of currency, particularly in the context of the fractional reserve banking system and the technological advancements facilitated by globalisation, which have enabled the creation and promotion of virtual currencies.

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Why is it important?

This research's originality lies in its characterisation of the generation of credit money and the issuance or mining of virtual currencies as contemporary forms of infringement on the authority's general jurisdiction, akin to the counterfeiting of paper money.

Perspectives

The study concludes that safeguarding public authority's exclusive and disinterested right in currency issuance and management is a priority in Islamic legal policy. Such necessitates caution against forms of infringement that violate this right due to their impact on the fairness and efficiency of the monetary system.

Prof Abdallah El Khatib EiC Journal of college of Sharia and Islamic Studies A. Qatar University

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This page is a summary of: Manifestations of Infringement on the Public Authority's General Jurisdiction in Currency Issuance and Management from an Islamic Perspective, Journal of College of Sharia & Islamic Studies, July 2024, Qatar University,
DOI: 10.29117/jcsis.2024.0384.
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