The Golden Caliphate
Significantly, the fastest growing global money field is Islamic financing. Islamic bonds, or sukuks – unlike most U.S. bonds, which pay interest – are securities that pay out revenue streams from rents and leases in accordance with Shariah law. In its infancy, the field claims about a half trillion dollars. If the Islamic nations were to adopt a gold standard as their underlying currency basis, it could have multinational appeal….. Continue Reading