C5 - Money and Interest

Who expressed concerns about using camel skins as money due to the potential extinction of camels?

Which scholar argued that money should act as a common denominator to measure value and facilitate exchange?

Who discussed the problems of barter exchange and emphasized the suitability of gold and silver as money?

Which scholar warned against the damage caused by debasing currency and circulating coins of unequal intrinsic value?

Who elaborated on the effects of currency debasement during the Mamluk period and discussed the resulting inflation?

Which scholar observed that copper coins replaced silver ones, causing the latter to be hoarded or melted?

Which scholar explained ribā al-fadl and ribā al-nasī’ah as violations of the natural functions of money?

Who provided a detailed account of barter exchange inequities, emphasizing the need for equivalence in transactions?

Who criticized practices like bay‘ al-‘inah, comparing it to medieval European mohatra?

Who noted that the Chinese were using paper money in the eighth/fourteenth century?

Who identified the phenomenon of 'bad money drives out good money' in the context of currency circulation?

According to Miskawayh, money acts as a __________ to measure value and establish equality in transactions.

Ibn Taymiyah warned against debasement of currency, emphasizing that the __________ value of coins should match their __________ value.

Al-Maqrizi noted that the excessive use of __________ coins during the Mamluk period led to inflation and scarcity of __________ coins.

Al-Ghazali described counterfeit money circulation as worse than __________, as it impacts numerous transactions.