Changes in the Purchasing Power of Money and Their Impact on Financial Settlement
Keywords:
Purchasing Power, Debt Settlement, Inflation, Shari'ah, Usury (Ribā), Fiat Currency, Sudan.
Abstract
This study investigates the macroeconomic phenomenon of fluctuating monetary purchasing power and its legal implications for debt settlement and financial obligations, with a specific focus on Sudan's inflationary context. Integrating economic analysis with Islamic jurisprudence (Shari'ah), the paper examines how the volatility of modern fiat currency intersects with classical jurisprudential doctrines and prophetic traditions governing currency exchange (ṣarf). Using historical inductive and analytical methods, this research traces the evolution of classical and contemporary juristic discourse on intrinsic commodities versus paper currencies. Furthermore
Published
2026-09-13
How to Cite
Ibrahim, D. A. H. A. (2026). Changes in the Purchasing Power of Money and Their Impact on Financial Settlement. Omdurman Islamic University Journal for Human Sciences, 22(3), 96-107. https://doi.org/10.52981/oiujhs.v22i3.3727