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Gold Dinar as Alternative to Money

Gold Dinar as Alternative to Money
Author: Talat Hussain
Publisher:
Total Pages: 590
Release: 2015
Genre: Dinar
ISBN:

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This study aims to, examine and analyze the history of gold dinar starting from the Prophetic era until Ottomans and to propose gold dinar as an alternative. In addition, this research gives a detailed study on economic and monetary integration among Muslim countries, nature of monetary currency, its functions and its evolution from the Islamic perspective. This study sheds light on the advantages and disadvantages of gold and fiat money and provides analysis of classical and modern scholars' view. The research relies on the analytical evocative methodology to achieve its objectives. It extracts several findings such as the differences of gold dinar weight during the Umayyad and Abbasid period, the views of classical scholars on the value of gold as a medium of exchange, measure of values and a means to possess other objects. The gold dinar has played an important role and successfully left an immense impact on the economy in both Muslim and European countries. Furthermore, it describes the view of modern Muslim scholars where most of them accept fiat money while some they prefer gold as money. However, the majority of the scholars are of the opinion that fiat money is the cause of the financial crisis in the world today. Moreover, contemporary Muslim scholars suggest implementing gold dÊnÉr by settlement of debt and using gold as a medium of exchange through the IDB and OIC channel. Finally, this research gives some suggestions to solve the problem of inflation and bring the stability in our financial monetary system and business. This is by proposing a suitable monetary system from the Islamic jurists' perspective for the Muslim world that will be protected from financial and economic crises and free them from servitude to the West due to the use of the fiat money monetary system.


Gold Dinar: a Historical and Juristic Analysis

Gold Dinar: a Historical and Juristic Analysis
Author: Dr Talat Hussain Th
Publisher: CreateSpace
Total Pages: 48
Release: 2015-03-08
Genre: History
ISBN: 9781508709374

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Gold has played an important role in human life. Gold has desirable physical characteristics such as flexibility, durability, and immunity to tarnish. Its scarcity makes it a useful store of value. The history of gold as money could be traced back to 6,000 years of Ancient Egypt and the civilization of Mesopotamia. Gold has unique properties as a multicurrency investment and serves as an excellent medium for both within and across currency lines. In this book we will be discussing and arguing to use gold as an alternative currency under the rulings of Islam with aspect of muslim countries, for example, in Malaysia. Faculty of Medicine, Universiti Sultan Zainal Abidin, Malaysia. University of Management Technology, Lahore, Pakistan


Return of the Gold Dinar

Return of the Gold Dinar
Author: 'Umar Ibrahim Vadillo
Publisher:
Total Pages: 92
Release: 1996
Genre: Banks and banking
ISBN: 9781874216162

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The Islamic Gold Dinar

The Islamic Gold Dinar
Author: Ahamed Kameel Mydin Meera
Publisher: Pelanduk Publications Sdn Bhd
Total Pages: 118
Release: 2002
Genre: Business & Economics
ISBN: 9789679788259

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"After delving into the problems of the present monetary system, it then argues how a return to a gold payment system - like the Islamic dinar - could solve many of the woes of today's economic system. A return to such a system is not only desirable from the economic, political, social and religious perspectives, but also urgent in the present era of globalisation and impending world recession, besides providing a conducive environment for Islamic economics, banking and finance to flourish." "Ahamed Kameel Mydin Meera is the Head of the Department of Business Administration, Faculty of Economics and Management Sciences, International Islamic University Malaysia, in Kuala Lumpur, Malaysia."--BOOK JACKET.


Bahrain Dinar Digest

Bahrain Dinar Digest
Author:
Publisher:
Total Pages: 144
Release: 2002
Genre: Banks and banking
ISBN:

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An alternative to "alternativeless"

An alternative to
Author: Frank Lesser
Publisher: tredition
Total Pages: 230
Release: 2024-03-25
Genre: Business & Economics
ISBN: 3384170652

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The main focus is on a novel analysis, a first-time exposure of the true causes and a sensational immediate solution (which I rightly call a "trick") to our economic, monetary and financial problems, a solution that can not only be implemented in a sensationally short time, but is also made sustainable and lasting by accompanying measures. This sustainability of the solution, which goes hand in hand with the immediate effect of the trick, does not apply to the commercial banks, because they were only deliberately made into superficial scapegoats, the main evil being the algorithms used by the central banks to create so-called primary money creation. Within EMU, the "trick" involves the introduction of country-specific parallel currencies to the EURO. In detail, this is designed to create parallel economic areas, which, however, do not overlap the euro economic area, but rather fit exactly into the gaps that have been torn open within the euro economic area by undesirable developments. These incredibly important details are explained in detail in the book. With the implementation of such a basic solution (trick plus novel money creation at the central banks), the prerequisite would be created to also approach and solve other political problem areas, which have also been celebrated up to now "without alternatives", in the same "alternative" way of thinking, and therefore they are also taken up in the book, e.g: Pension policy, family policy, parliamentary reform, tax reform, reform of the electoral law, reform of care for the elderly, school policy, securing the European energy supply. However, these other political problem areas that I have taken up are to be regarded as secondary; they are merely suggestions, in contrast to the two main points of the basic solution, without which nothing at all can be done, and which I am calling for in the long term because no other promising alternative is known at present. Although my book naturally focuses on the German way out of the crisis, I would like to emphasize that I would like to see a European solution (at least for all countries of the European Monetary Union) and that a German solo effort is hardly feasible and also not desirable. The solutions I propose can be transferred practically 1:1 to all EMU countries, and I often point this out in my remarks. Even the non-EMU countries Great Britain and the USA could immediately adopt my concepts; for they face identical problems!


The Islamic Moral Economy

The Islamic Moral Economy
Author: Shafiel A. Karim
Publisher: Universal-Publishers
Total Pages: 160
Release: 2010
Genre: Business & Economics
ISBN: 1599425394

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The Islamic Moral Economy is an academic book that analyzes the religious permissibility or lack thereof of the existing repertoire of financial instruments used in Islamic banking and finance. The work is both timely and sound, especially considering the growth of the international Islamic banking and insurance industries, and the Great Recession of 2007-2010. The Islamic Moral Economy is an excellent introductory book for academics and finance professionals wishing to gain a better understanding of Islamic moral constraints on economic transactions and how most current Islamic banking transactions are structured. More specifically, the author examines the utopian nature of the Islamic moral economy with a special emphasis on riba (i.e., financial interest and illogical increase), which is inescapable in the global interconnected economy, and therefore insoluble within the framework of the Islamic Moral Economy. Unlike other books on the subject, The Islamic Moral Economy places a special emphasis on the ubiquity of financial interest and illogical increase in both current Islamic banking and finance as well as conventional economics.


Monetary Alternatives

Monetary Alternatives
Author: James A. Dorn
Publisher: Cato Institute
Total Pages: 304
Release: 2017-03-21
Genre: Business & Economics
ISBN: 1944424458

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What monetary system best serves society? The current system of pure government fiat monies, managed by discretionary central banks, is inefficient and unstable. Monetary Alternatives explores fundamental and controversial ideas that move our monetary system and economy beyond repeated crises to sustainable stability and prosperity. The contributors to this volume energetically question the status quo and provide compelling arguments for moving to a monetary system based on freedom and the rule of law.


Readings in Islamic Economics and Finance (UUM Press)

Readings in Islamic Economics and Finance (UUM Press)
Author: Nur Azura Sanusi
Publisher: UUM Press
Total Pages: 198
Release: 2007-01-01
Genre: Business & Economics
ISBN: 9833827209

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Part 1; Islamic concept and regulations -- Part 2; Islamic banking -- Part 3; Islamic capital market -- Part 4; Other issues.


The US Dollar and the BRICS Challenge

The US Dollar and the BRICS Challenge
Author: Hermann Selchow
Publisher: tredition
Total Pages: 275
Release: 2024-07-27
Genre: Political Science
ISBN: 3384303857

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Discover the future of global finance! The US Dollar and the BRICS Challenge takes you into the world of unprecedented global economic change and geopolitical tensions. This book offers an in-depth analysis of the emerging forces that are reshaping the world's financial system. The US Dollar and the BRICS Challenge examines the dynamics between the traditional financial powers and the emerging BRICS countries (Brazil, Russia, India, China and South Africa) and shows how these countries are challenging the US dollar as the dominant world currency. What to expect: Historical context: Understand the historical roots and development of the US dollar into the global reserve currency. BRICS strategies: Learn how the BRICS countries are combining their economic power and developing alternative financial instruments and institutions. Future scenarios: Analyze the possible developments and consequences of a multipolar financial order. This book is an indispensable work for economists, finance experts, students of international relations and anyone interested in the future of the global economy. It provides sound insights and forecasts based on current data and extensive research. Why you should read this book: Current and relevant: Stay informed about the latest trends and developments in global financial policy. Fundamentally sound: Benefit from in-depth analyses and clear explanations of complex relationships. Forward-looking: Prepare for the financial challenges and opportunities of the coming decades. Reach out to "The US Dollar and the BRICS Challenge" and be one step ahead in the changing world of international finance. Become part of the dialogue about the future of our global economy! Hermann Selchow