Abstract

Introduction:

Money, as one of the key elements in any economic system, faces complex challenges today, including structural changes, plurality of financial instruments, and issues of social justice. This topic holds particular importance in Islamic economics, where money must align not only with economic functions but also with Islamic principles and values. Allameh Tabataba’i’s credit theory, emphasizing the credit and contractual nature of money, provides a philosophical and epistemological foundation for analyzing monetary plurality. The main objective of this study is to extract and analyze the Islamic components of the monetary plurality model based on Allameh Tabataba’i’s credit theory and to examine its application within the framework of a resilient economy.

Method:

This article employs a qualitative and analytical approach by reviewing Persian and foreign sources related to credit theory, monetary plurality, and resilient economy. The selected references include valid and up-to-date scholarly books and articles that provide the theoretical framework for developing the conceptual model. Data analysis was performed through textual interpretation, conceptual inference, and classification of components into four main axes: epistemological, functional, institutional, and governance. These components were then critiqued and redesigned within the proposed Islamic monetary plurality model, considering the jurisprudential and philosophical principles of Allameh Tabataba’i.

Results:

The study shows that money in the Islamic system is not merely an intrinsic commodity but a social and purpose-oriented credit, whose legitimacy depends on adherence to religious values, social justice, and public welfare. The key components include credit dynamism, rights-based governance, social acceptance, legitimacy mechanisms, dependence on justice, and multifunctionality of money. Furthermore, the empirical analysis of complementary and local currencies in developed countries indicates that their real impact on liquidity and inflation depends on their share in the national economy, and their economic and social consequences must be evaluated through precise and evidence-based analysis.

Discussion and Conclusion:

The derived model, benefiting from Allameh Tabataba’i’s credit philosophy, offers a comprehensive solution to monetary challenges in a resilient economy. By preserving flexibility and monetary diversity, it prevents monopoly and uniformity in the monetary system and places justice and legitimacy at the core of the financial structure. Furthermore, this framework enables policymakers to improve the diverse functions of money towards sustainable and justice-oriented development by designing local and thematic currencies and utilizing jurisprudential and customary mechanisms. Finally, the study recommends future research to focus on empirical validation of this model and the development of quantitative and practical policy models to demonstrate its effectiveness and operational feasibility in contemporary Islamic economics.