Ibn Sina Foundation and “Sadra” Publishing House with the assistance of the Institute of Oriental Studies of the Russian Academy of Sciences issued a revived and supplemented edition of the book “Money in Islamic Economics”. Published in a new coverage, the book became the eighth volume of the series “Economics and Law”.
The monograph was written by a group of Iranian authors (H. Nazairi, S.H. Mirjalili and P. Dawoodi) and translated into Russian by N.Sh. Mirzoev in 2014. The newly published edition is provided by supplement, foreword, conclusion and commentaries by the senior research scholar of the Department of Economical Studies of the Institute of Oriental Studies of the Russian Academy of Sciences S.Yu. Babenkova. The book was edited by the co-author and the senior research scholar of the Institute of Philosophy of the Russian Academy of Sciences T.G. Korneeva.
The monograph covers and dicloses economical and social functions of money from the Islamic point of view, as well as religious and philosophical approach to money in Islam. The book contains information on economical laws in Islam applied to Islamic financial instruments and deals. Such notions as “haram”, “loan”, “credit”, “percent”, “usury”, etc are explained in the book. The authors also describe the historical context of money evolution both in the classical (Western) and Islamic econimical model. They pay s special attention to modern means of payment that are being used in Iran under sanctions: various types of cryptocurrencies and blockchain technologies, as well as to the specifics of their work in the Islamic financial system operating in the country.
The book will be interested for a wide circle of readers including research scholars, specialists on the Islamic financial system, university students and PhD students.
