Currency exchange, its Illah and implications

• Main Authors: Oziev, Gapur, Mohammed, Mustafa Omar, Zaidon, Muhammad Hafizi, Amafua, Mahfuth Khamis
• Format: Article
• Language: English
• Published: Institute of Islamic Banking and Finance, International Islamic University Malaysia 2016
• Subjects: BP173.75 Islam and economics
• Online Access: http://irep.iium.edu.my/48829/1/48829.pdf; http://irep.iium.edu.my/48829/; http://journals.iium.edu.my/iiibf-journal/index.php/jif/article/view/99
• Institution: Universiti Islam Antarabangsa Malaysia

Foreign exchange is among the most important transaction in any economy. It can affect positively or negatively the relative price of domestic and foreign goods, which in turn has effect on the country’s economic growth, employment rate, inflation and balance of payment, among others. Yet, foreign e...