The Halal Hedge
The Halal Hedge Jurisprudential Strategic Analysis: Stocks in the Age of Inflation Abstract This treatise investigates the ontological shift in wealth valuation within Islamic financial markets during periods of monetary instability. By analyzing the dichotomy between symbolic fiat currency and productive equity assets, we argue that Shariah-compliant stocks serve as a critical mechanism for 'Hifz al-Mal' (Wealth Preservation). This analysis explores the technical jurisprudence of Zakat, the principle of 'Ayn' (Substance), and the ethical imperative of commutative justice. I. The Fiduciary Crisis of Monetary Nominalism The contemporary global economy is defined by a departure from intrinsic commodity-based money to a system of "Monetary Nominalism." In academic Islamic Finance, this shift represents a fundamental challenge to the concept of Thaman (a sta...
