Fiat money is a government-issued currency that is not backed by a commodity such as gold. Most modern paper currencies, such as the U.S. dollar, are fiat currencies. One danger of fiat money is that governments can print too much of it, resulting in hyperinflation (around 30% in Pakistan in July 2023). The paper currency is just a piece of paper with no intrinsic value like precious metals or diamonds etc, while for day to day transactions it is convenient but in transactions of longer duration its ‘real value’ which suffer loss due to inflation / excessive money printing by government, has to be determined. Compensation of such loss is to be called Indexation, not Riba, it is supported by Quran; 2:279, 6:152, 4:135. Keep reading:
☆https://bit.ly/QuranOnRiba-pdf [eBook]
☆ https://bit.ly/RibaQuranicConcept [Eng-G Doc]
☆ https://bit.ly/QuranAurRibaUrdu-pdf [قرآن اور ربا ]
☆ https://SalaamOne.com/riba [Englsih]
☆ Keep reading below …….
