ABSTRACT
To introduce the idea of money in Islamic political economy we ask the following questions at the outset: Is money a financial contravention or a commodity in economic activity? If money is a financial contravention to promote economic activity, then what is the real output against which money must be measured and valued? If money is a commodity, then what is the real price of money? In all of these cases, what are the functions of money? Answers to these questions will suffice to explain the meaning of money in Islamic political economy. In this chapter we will introduce and explain the meaning of money in Islamic political economy in light of the knowledge-based interactive methodology that we have throughout developed.
