The inclusion of dedicated sessions during the Muzakarah on The Concept of Modern Money in the Financial System and How It Relates to Money Creation as well as Preliminary Shari’ah Review on the Concept and Operation of Modern Money demonstrates that scholars now consider these issues worthy of independent and systematic examination. The discussions also indicate a shift from limiting the debate to the classical question of whether paper currency assumes the legal status of gold and silver. While this remains an important juristic issue, the contemporary monetary system presents a much broader set of questions.