معرفت اقتصاد اسلامی

Factors such as the stabilization of the nominal exchange rate in inflationary conditions, oil embargo, reduction in interest rates, and speculative behaviors are the basis for currency crises, increased inflation, and reduced purchasing power of the masses. The current economic structure, which is mixed with a culture of speculation, has accumulated a significant percentage of liquidity with speculators instead of the productive sector, who, with their speculative behavior, especially in the foreign exchange market, have increased the volume of economic risk and disrupted its activities. This article, using an analytical-descriptive method, describes the causes and effects of speculation in the foreign exchange market, including its impact on the unfair distribution of wealth and some mechanisms for dealing with it. Based on the findings of this research, such unproductive and value-added activities disrupt the economy and prevent resources from being directed to productive areas and are not approved by Islam; in this regard, preventing foreign exchange hoarding in conditions of severe foreign exchange shortage is essential and obligatory.