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**AlistDakisa** · 04-23-2011, 03:52 AM

Bismilalh
Although I have no problem with Murabatun. It can be annoying constant insistant that everything should be in gold and silver. In my limited knowledge both Malaki and HAnafi schools have no problem with paper representaion of wealth as long as it does not replace the gold or silver. I think GF Hadad view highlights some this point.
Allahualam

Who will oversee those bankers so that they do not start practicing fractional reserve policy ?
I mean , paper representation of the wealth can lead to great financial debacle if proper safety checks are not implemented.

Where there is no Islamic government , then who will implement those safety checks ? So, I think , insistance on gold/silver seems to be full of great wisdom and pragmatic caution.

Would you please give us any web link of GF Hadad' view ?

04-23-2011, 03:52 AM	#39
AlistDakisa Join Date Oct 2005 Posts 537 Senior Member	Bismilalh Although I have no problem with Murabatun. It can be annoying constant insistant that everything should be in gold and silver. In my limited knowledge both Malaki and HAnafi schools have no problem with paper representaion of wealth as long as it does not replace the gold or silver. I think GF Hadad view highlights some this point. Allahualam Who will oversee those bankers so that they do not start practicing fractional reserve policy ? I mean , paper representation of the wealth can lead to great financial debacle if proper safety checks are not implemented. Where there is no Islamic government , then who will implement those safety checks ? So, I think , insistance on gold/silver seems to be full of great wisdom and pragmatic caution. Would you please give us any web link of GF Hadad' view ?
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