The Islamic Gold Dinar

Abstract

The paper that I am writing is round the possible change in the temper of the current monetary transcription 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 carrying out of new monetary brass, where gold will be acting the dominant role replacing the position currently held by paper money. The issue of adopting Moslem gold dinar arrangement is one of the hottest and pertinent issues nowadays, because many developing countries, headed by legal age of Muslim countries, are contemplating about the possible change to Islamic gold dinar system as one of the ship canal to shield their economies from external economic attacks and reduce the dependency from the west. one(a) of the main objectives of this paper is to show the reader the feasibility and power of the implementing this new system, which will result in strengthening the spatial relation of Muslim countries in the world economy and politics. I believe that after reading this paper, the reader will be convinced(p) that Islamic gold dinar system is the best alternating(a) 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(prenominal) pertinent and relevant issues nowadays that are of major touch on of many countries is to find the ways to build concrete and unchanging financial, monetary system that will be less vulnerable to speculative attacks, improve trade and increase the economic status of a nation. There have been many discussions and talks about the return to the gold standard, which can make a remarkable change in the international monetary system of the world.

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