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Islamic Finance Briefing - Categorized | Capital Market (Equity, Mutual Funds), Emerging Trends more

Arab nations ’need to revert to gold dinar’

Posted on 15 June 2009

From Gulf-times.com: A financial expert has called for abolishing the current paper money system and returning to gold currencies instead, saying it was the only way out of the current financial crisis.
Dr Mohamed Syafii Antonio, a member of the Islamic Banking Committee at the Central Bank of Indonesia, said the current paper money system had opened the door for the fraudulent acts that have brought down giant financial institutions on Wall Street………Full Article: Source

 
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