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Case for Gold Dinar Idea

I refer to the letter “Gold dinar impractical” (The Star, July 6) where Goh Hoe Hoe of Penang argued that the gold dinar initiative by the Kelantan government as impractical. From an economic reasoning this would be true so long the legal tender law stands. The paper notes would drive the gold and silver coins out of circulation, known as Gresham’s Law in economics. However given the current global monetary and economic crisis faced by the world, significantly due to the effects of the dollar and euro crises, it is worthwhile to give the gold dinar idea some consideration. The matter is not of the concept but rather how to implement it.

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Penghapusan Riba: Syarat Penting Ekonomi Berkeadilan

Kertas ini telah dibentangkan di Seminar Maqasid Syariah: `Menggagas Model Ekonomi Berkeadilan’ sempena Ijtima’ Harakiy Pertama anjuran ABIM, WADAH dan PKPIM.
Tarikh: 7 Ogos 2010 M
Bersamaan: 26 Sya’ban 1431 H
Hari: Sabtu
Masa: 8:00 pagi hingga 4:30 petang
Tempat: Dewan Gemilang Mercu Idaman, German-Malaysian Institute, Kajang, Selangor

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Our Objectives

Our Objectives To advocate an Islamic Monetary System. To educate society on the flaws of the current monetary and banking systems. To encourage society to lead a debt-free lifestyle. To establish alternative Islamic financial institutions To educate society on...

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Tahukah Anda?

“Tahukah anda bahawa wang kertas dan duit syiling hanya merupakan 3% daripada jumlah wang sesebuah negara?” “Tahukah anda bahawa 97% daripada jumlah wang sesebuah negara dicipta oleh sistem bank daripada atas angin?” “Tahukah anda bahawa sistem monetari semasa mencuri...

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