Islamic Economics Institute

Wednesday Academic Dialogue (3)


Positive Money: Islamic Prospective

Prof. Dr. AbdulRaheem Al-Saati

 Islamic Economics Institute
King Abdulaziz University, Jeddah

Wednesday 09-09-2015 (23-11-1436H)



Positive Money is movement to reform European monetary , where banks through partial or non reserve system create money and enjoy its seniorage ,the paper shows the disadvantages of this system and the  advantages of the sovereign monetary system, but the paper shows that the Islamic restriction will produce optimal positive money

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