معرفت اقتصاد اسلامی

Although the government's use of monetary seigniorage can contribute to economic growth, it has some negative results like national currency depreciation and inflation. The consecutive depreciation of national currency's price which seigniorage brings about, poses this question: Is this decision of the government legitimate? If it is supposedly legitimate, is it absolutely legitimate or it is permissible under necessary conditions, or due to paramount interests or acting as a guardian? The aim of this research is to answer these questions, taking into regard the economic consequences of inflation. The assumption of the research is that, due to its negative consequences this method cannot be justified on the grounds of Islamic fiqh. The findings of research in which an analytical is used show that the government is not permitted to use this method for its financing. Based on the fiqh view to which this paper refers, the permission for using this method requires a governmental order and the government has time choice for a limited time only.