Key points of the research we published on 17thOct 2014

1)Poverty Line according to Islam (computed through the zakat system) is approx $10/day…whereas according to UN & World Bank it is $1 to $1.25/day…
Therefore Islamic Shariah/law is approx 9 times more just, financially inclusive, economically considerate, practical and relevant to modern times when compared to Institutions like IMF, UN, World Bank.

2)Islamic Monetary system is based/backed by the Gold(dinar)/Silver(dirham) standard.Well if you say it’s no longer the norm in the modern world…then check your facts…update your knowledge and find out what’s happening in Texas,USA…Fiat currency not backed by gold or silver is not sustainable and is being practised only after 1971….Throughout human history Precious metals and other commodities were used…something having intrinsic value.

3)Islamic economic system ensures stability by checking inflation and devaluation.

Watch for details…and calculations

#Islam #islamicfinance #Islamic #banking #islamicbanking #economy #world #finance #Russia #USA #Britain #China #recession #meltdown #economicrecession #money #currency #economics #financial #financialrecession #crash #global #Vatican #Australia #interest #compoundinterest #india

www.scorphq.com/YouTube/MyPage/1Wbn-a9NXPw.htm

https://youtu.be/1Wbn-a9NXPw

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