ECONOMIC SYSTEM

Harsh words against the development of Shari’ah compliant financing has not faded despite the deeply ingrained flaws in the world’s dominant capitalist system which is coming apart at the seams like a cricket ball that has been knocked around for too many sixes.  Nevertheless, politically motivated censure of the Shari’ah financing sector goes on and on.  Predictably, much of the …

Gold and money From time immemorial gold was money.  Valuable goods were priced in terms of gold: this product is worth so many ounces of gold.  But assessing the fineness of the metal and weighing it each time a transaction took place was a tedious and wasteful exercise.  This led to the invention of the gold coin.  Mints which produced …

The world’s monopoly currency is still on the slide as the US’s trade partners watch and attempt to navigate a strategy that will safeguard their own economies. The evidence suggests that more and more Central Banks are diversifying their reserves away from the greenback. Perhaps this turn of events will offer a chance for world trade to revert back to …