TY  - JOUR
AB  - Purpose The most prominent and persistent problems of our global monetary system are instability and imbalances. We propose an international monetary model to solve these problems while at the same time move the model closer to Maqāṣid Sharīʿah (objectives of Sharīʿah). We name this an organic global monetary model or abbreviated as OGM. OGM is an international monetary model directly built on the national monetary system of each member country so that the two can co-exist.Design/methodology/approach Model design, theory and literature.Findings The model can eliminate interest rates at the central bank level, create non-tradable international money, and make a more stable international monetary system.Originality/value Original.
VL  - 28
IS  - 1
SN  - 2411-3395
DO  - 10.1108/IES-10-2019-0032
UR  - https://doi.org/10.1108/IES-10-2019-0032
AU  - Rahman Abdurrahman Arum
PY  - 2020
Y1  - 2020/01/01
TI  - Organic global cryptocurrency: towards a stable international monetary system that is closer to Maqāṣid Sharīʿah
T2  - Islamic Economic Studies
PB  - Emerald Publishing Limited
SP  - 63
EP  - 82
Y2  - 2024/04/25
ER  -