id	author	title	date	pages	extension	mime	words	sentence	flesch	summary	cache	txt
ajiss-436		ajiss-436		24	.pdf	application/pdf	10259	382	57	In other words, if Islam can be said to have a concept of money’s time value, it can be considered an ex-post one, for an ex-post return on capital in trade and business is the only source that rec- ognizes money’s pure time value. Given this notion, which is contrary to that of Khan and Kahf, he held the opinion that placing a value on time when dealing with murabahah transactions is not permissible, but that it is permissible when dealing with such asset-based transactions as ijarah rentals, where an asset’s use is relevant to its period.14 Money: An Islamic Viewpoint The Concept and Nature of Money There are many differences between the Islamic and the conventional finan- cial systems, the most striking of which relates to how they perceive money.	cache/ajiss-436.pdf	txt/ajiss-436.txt