Abstract
The paper that I am writing is about the possible change in the nature of the current monetary system prevalent in many of the countries, including Muslim as well. The nature of the change that I will further elaborate in details will be in the form of the implementation of new monetary system, where gold will be playing the dominant role replacing the position currently held by paper money. The issue of adopting Islamic gold dinar system is one of the hottest and pertinent issues nowadays, because many developing countries, headed by majority of Muslim countries, are contemplating about the possible change to Islamic gold dinar system as one of the ways to shield their economies from external economic attacks and reduce the dependency from the west. One of the main objectives of this paper is to show the reader the feasibility and efficiency of the implementing this new system, which will result in strengthening the stance of Muslim countries in the world economy and politics.
Gold-standard Benchmark for Sustainable Business W...
Shaykh Dr. Abdalqadir as-Sufi holding an Islamic G...
Gold-standard Benchmark for Sustainable Business W...I hope that after reading this paper, the reader will be convinced that Islamic gold dinar system is the best alternative monetary system for many developing countries, including Muslim.
Table of Contents
Abstract.............................................................................................1
Introduction........................................................................................3
Stable monetary system ..........................................................................5
Reduction of speculation and foreign exchange risk......................................8
Improvement of trade...............................................................12
Refutation.............................................................................................15
Conclusion........................................................................................17
Glossary.............................................................................................18
Bibliography......................................................................................19
The Islamic Gold Dinar
Introduction
One of the most pertinent and relevant issues nowadays that are of major concern of many countries is to find the ways to build concrete and stable financial, monetary system that will be less vulnerable to speculative attacks, improve trade and increase the economic situation of a nation. There have been many discussions and talks about the return to the gold standard, which can make a significant change in the international monetary system of the...