Eastern Reaction to Alamalhoda’s Remarks: According to Which Jurisprudential Rule is Holding Coins Considered Hoarding?

East’s reaction to Alamolhoda’s remarks: Under which legal principle is holding coins considered hoarding?

Mr. Ahmad Alamolhoda, the Friday prayer leader of Mashhad, emphasized that storing currency and coins is a sin equivalent to hoarding and has called for the confiscation of these assets.

Neither in jurisprudence nor in law can such an interpretation be reached that buying and collecting coins or currency could be considered hoarding. That is, buying and storing coins does not have a legal basis as hoarding. Additionally, this action does not possess the material and spiritual elements to be considered a crime.

The concept of hoarding coins and currency fundamentally lacks any legal and religious basis, just as it lacks an economic basis. This is because coins and currency do not fall under the category of conventional goods in this context and should be classified within the conceptual framework of money, which requires economists’ explanations.

For this reason, any interference with the storage of currency and coins in society is clearly an encroachment on people’s property and interference with others’ assets, which is both religiously forbidden and legally illegal.