Tag 'nature of money'
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ahsan.a@taif.ae
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Technical Definition of money and Future of Crypto currency
Apr 27, 2023
What is money according to Sharia so the main features of money is that it is a strong value it is a unit of account a medium of exchange and a standard of deferred payment this is the main features of money money has acceptability meaning that it is accepted it is enforceable it is fungible it is divisible it is scarce it is portable and stable also so these are some of the fundamental elements of money in other words that there has to be a certain level of desirability of money itself if we have to call it money or a medium of Exchange