Abstract The paper that I am writing is about the possible change in the nature of the current monetary system prevalent in many of the countries, including Muslim as well. The nature of the change that I will further elaborate in details will be in the form of the implementation of new monetary system, where gold will be playing the dominant role replacing the position currently held by paper money. The issue of adopting Islamic …showed first 75 words of 5157 total…

…showed last 75 words of 5157 total…Dinar . IIUM, Kuala Lumpur, Malaysia Shan, S. Gold Dinar and the currency crisis. Retrieved December 15, 2003 from http://www.dawn.com/2003/04/21/ebr5.htm Stephens, J.J. (2001). Managing Currency risk: Using financial derivatives. Chichester, West Sussex, UK.:John Willy & Sons. Ltd publications. http://www.frbsf.org/tools/gloss.html, Retrieved on February 7, 2003 http://www.hjventures.com/glossary-price-elasticity.html, Retrieved on February10, 2003 http://www.moneyglossary.com Retrieved on February10, 2003 http://www.investorwords.com Retrieved on February10, 2003