Debt

(From FB page Movement for Monetary Justice). We look at debt and no longer think it is a strange thing for us to take and for a country to incur. There is nothing wrong with debt if it is to be repaid without interest or any add on by whatever name. Such a debt is...

Islamic Gold Dinar: The Historical Standard

Abstract Lately, there have been questions on what the standards for gold dinar and silver dirham are.  Since the dinar and dirham indeed formed the Shari’ah monetary standards from the time of the Prophet pbuh, our work can, therefore, only involve in the rediscovery...

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...