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Money Function and Money Banking by Ibnu Taimiyah

Author

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  • Khalamillah, Fahmi

Abstract

Ibn Taimiyah Is an Islamic thinker and scholar of Harran, Turkey, According to Ibn Taimiyah in terms of money, he said that the main function is as means demand value and as a medium to facilitate the exchange of an item. The method of research in this article using a descriptive method that aims to discuss the function of money and money trading according to Ibn Taimiyah. The results of this study show that Islam has its own concept of the main function of money only as a means of exchange in transactions.

Suggested Citation

  • Khalamillah, Fahmi, 2018. "Money Function and Money Banking by Ibnu Taimiyah," MPRA Paper 87018, University Library of Munich, Germany, revised 08 Apr 2018.
  • Handle: RePEc:pra:mprapa:87018
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    File URL: https://mpra.ub.uni-muenchen.de/87018/1/MPRA_paper_87018.pdf
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    Keywords

    Ibn Taimiyah; Money; Trade;

    JEL classification:

    • B20 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - General
    • E40 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - General
    • E51 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Money Supply; Credit; Money Multipliers

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