SYNOPSYS OF CONFESSIONS OF AN ISLAMIC BANKER It is a life story, it is a book, it is a share of insights based on over 30 years of life in Islamic Muamalat; from a candid and humourous description of life experiences to a sombre initial exposure of the Principles of Usul Fiqh and Qaiddhah Fiqhiyyah, learnt from an Islamic University, the Writer shares his heart and soul with the Reader. Intricately weaved into the delightful life story the Writer also shares many invaluable intellectual contents including History of Money, Gold and Silver Standards, History and Characteristics of Shariah Money, Economics of Madinah and the Riba Economics of Today, the Current Deceitful Monetary System and how much pain it is causing the Ummah and Humanity. The title of the book is a play on the World's Best Seller called Confessions of an Economic Hit Man. It is a light story of the Writer's journey from an Islamic Banker to an Islamic Monetary Reformist, but a very serious summary of what need...
https://internationalmoneyreform.org/news/2023/12/economists/ ECONOMISTS ( AN ARTICLE FROM THE INTERNATIONAL MOVEMENT FOR MONEY REFORM) In the world of Economists banks are neutral players in the Economy. They lend from deposits placed by bank customers. If there are no deposits banks cannot lend. Who are the true money creators in the nation is glossed over unaddressed. They believe that is irrelevant to the economy. For Investments to happen the nation must Save. Investments will only materialise when there is enough Savings. Investments are quite independent of banks. To the Economists banks can be ignored totally in government policy making because they are neutral; just a mover of funds from surplus units to deficient units. Never a money creator. The fact that banks are havoc money creators in all economies is not computed into a nation’s economic policy making by Economists. Money is paper notes and coins. How many percent is that of the nation’s total money is ...
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