Umar Vadillo: Riba and its Alternative – Muamalaat

Posted: January 25, 2014 in Islamic Finance, Paper money
Tags: , , , , , ,

Please find here and the link below, a fascinating insight to the islamic principles behind Riba/Money and the system that governs these issues.

Umar Vadillo states how the many scholars of today have failed to understand how fiat money is distinctly part of the riba-nomic framework and any solution cannot come from within this all pervasive system.

Of particular note is the following, which details an alternative system using commodity minted money; Dinar’s and Dirhams, which are available to purchase now from the World Islamic Mint This link gives extensive information of the true nature of Riba from fiqh, and how it manifests itself in the contemporary sphere.

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