Definition of JAIYID (جيد) 💰
JAIYID (جيد) refers to pure money or current coin in Islamic jurisprudence. Specifically, it is used to designate coins and currency that are not debased—retaining their full value and purity, thus acceptable in financial transactions under Islamic law.
Etymology & Background 📜
The term JAIYID (جيد) originates from the Arabic root j-y-d which generally means “good” or “excellent.” In the context of finances, it implies that the money being referred to is in its proper, undebased state.
Referencing sources like the “Hidāyah,” a prominent legal text within the Hanafi school of thought, the term elucidates the Islamic emphasis on purity and honesty in financial dealings. Volume iii, page 152, of Hidāyah explicitly mentions JAIYID in its outlines of lawful and pure wealth that adheres to Sharia principles.
Cultural Differences & Similarities 🌍
In Islam
- Purity: JAIYID acts as a measure to ensure that transactions involving money reflect an honest valuation.
- Honesty in Trade: Aligns with broader Islamic teachings that stress honesty in trade and financial dealings.
- Coins vs. Modern Money: Initially focused on metallic coins; applicable today to all forms of currency maintaining similar characteristics.
Across Other Traditions
- Honest Weight & Measures: Similar in principle to Biblical admonitions against cheating with dishonest scales.
- Fiat Currency in Modernity: The purity aspect can align with current debates about inflation and currency devaluation across all financial systems today.
Synonyms & Antonyms 📝
Synonyms
- Genuine Currency
- Sound Money
- Pure Coinage
- Legit Tender
Antonyms
- Debased Currency
- Counterfeit Money
- Impure Money
- Defaced Coinage
Related Terms 📖
Related Terms
- Ribā (رِبَا): Refers to usury and involves the disavowal of interest in Islamic finance.
- Zakāt (زكاة): One of the Five Pillars of Islam, pertaining to almsgiving and wealth purification.
- Dinar & Dirham: Historically significant Islamic coins that would be categorized under “JAIYID” if they met purity standards.
Exciting Facts 🎇
- Gold Dinars: The early Islamic Dinar made of pure gold stands out as a historic example of JAIYID.
- Educational Use: Recognized as an essential topic in Islamic Finance courses.
- Modern Implementation: Ideas rooted in JAIYID influence contemporary Islamic Banking models.
Quotations 🌟
“Money that is pure as the rarest gold alerts us to principles of honesty and trust that derive from the faith itself.” — Hassan Al-Rashid
Suggested Literature & Resources 📚
- “Hidāyah” (Volume iii, pages 152) by Burhan al-Din al-Marghinani
- “Islamic Finance: Law, Economics, and Practice” by Mahmoud A. El-Gamal
- “The Essential Hanafi Handbook of Fiqh” by Muhammad Hamid
Inspiration awaits in this treasure trove of knowledge as you delve deeper into the pure legacy of Islamic finance.
Quizzes for Engaging Learning 📝
With heartfelt wishes for a journey abundant in wisdom and good deeds, this was Hassan Al-Rashid aiding you in understanding the vibrant world of JAIYID. Stay inspired and thrive in your pursuits.
