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1) Determining whether money is fungible (can be replaced with other money of the same value) or non-fungible is important because it impacts how debts must be repaid. If money is fungible, the exact amount borrowed must be repaid, which can disadvantage lenders with inflation. If money is non-fungible, the borrower need only repay the equivalent purchasing power, avoiding injustice to either party. 2) The concepts of fungible and non-fungible were introduced by jurists, not explicitly defined in sharia law

Author

Agha Qaimi

Language

EN