Clarifying Confusions regarding Islam's Rulings about #GoldandSilver Currency

Published: Feb. 4, 2023, 6:33 a.m.

Pakistan is in need of a tried and tested solution to crushing inflation, which Islam uniquely provides. The Messenger of Allah SAW approved of the minting of gold dinars weighing 4.25g and silver dirhams weighing 2.975g as the currency of the state. This is how the Khilafah state ensured stability in currency, and hence in the prices of goods and services that currency buys. Neither collapsing capitalism, nor failed communism can provide any solution to the rampant inflation that paper, fiat currency has unleashed.