[BostonDoctorTTT]

This hadith also curses monarchy in another version. We have to make khilafat.

It probably curses tyrannical kingship, not all forms of Kingship. Khilafah is Kingship in many ways. The Turks were the last Khalifs and their rule was Kingship no difference really. They however applied the Shariah it is said that a small village ruled an empire, unlike today where huge numbers of people govern cities and countries creating corruption and bureaucracy (red tape). The khalif governed the land with Justice, no taxes were collected, no riba or banking and paper currencies. The markets prevented corruption, rent free markets existed. There is nothing stopping Muslim Kings today from slowly re-establishing these once again. They would be written in future histories as Muslim heroes! And in the Akhirah they would be given rewards without limits.