Is Fiat Currency Shariah Compliant?

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To be Shariah-compliant, the objectives of the Shariah (the maqasid al-Shariah) — or the five basic needs — need to be met. These requirements are the protection of religion (deen), the protection of life (nafs), the protection of intellect (aqal), the protection of lineage (nasab) and the protection of wealth and property (mal).