Alp on Nostr: For those Muslims who say "only gold and silver is Islamic money", I came across this ...
For those Muslims who say "only gold and silver is Islamic money",
I came across this quote:
"Prominent Shāfiʿī jurists, including al-Shīrāzī and al-Nawawī, have suggested that a future currency could potentially share the same ratio legis as gold and silver, and thus, inherit the same legal rulings regarding ribā."
It means that a future type of money (currency) could have a similar legal basis or justification as gold and silver. In simpler terms, it suggests that just like gold and silver have been used and accepted as valuable forms of money for a long time, a new kind of money could also be recognized and accepted in the same way. The phrase "ratio legis" refers to the reason or principle behind why something is considered valid or legitimate. So, the idea is that this new currency could be seen as valuable and trustworthy, just like gold and silver have been throughout history.
I came across this quote:
"Prominent Shāfiʿī jurists, including al-Shīrāzī and al-Nawawī, have suggested that a future currency could potentially share the same ratio legis as gold and silver, and thus, inherit the same legal rulings regarding ribā."
It means that a future type of money (currency) could have a similar legal basis or justification as gold and silver. In simpler terms, it suggests that just like gold and silver have been used and accepted as valuable forms of money for a long time, a new kind of money could also be recognized and accepted in the same way. The phrase "ratio legis" refers to the reason or principle behind why something is considered valid or legitimate. So, the idea is that this new currency could be seen as valuable and trustworthy, just like gold and silver have been throughout history.