FreedomTechArchitect on Nostr: The times when Muslim scholars said that fiat money is haram, but it can be used out ...

The times when Muslim scholars said that fiat money is haram, but it can be used out of necessity because there are no alternatives, are long gone.

All of you Islamic finance advisors, you need to rethink your concepts from scratch. The foundation of Islamic finance has always been based on hard, sound money. This foundation is not present with fiat money.