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

http://umarvadillo.wordpress.com/2013/10/19/muamalaat-the-alternative-to-the-riba-system-exists/ 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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