Now, let’s talk about the gold standard. It’s a good point because many people, particularly Muslims, have discussed issues with the current riba fiat financial system and have proposed bringing back the gold standard. The most well-known attempt to do this came from the Murabitun movement. They launched what became known as the “Gold Dinar Movement.” The movement was started by a scholar named ShaykhAbdul Qadir As Sufi , and one of his students, Shaykh Umar Vadillo, pushed this idea even further by setting up shops where people could actually trade using gold and silver. The movement had a lot of support, with thousands of people worldwide getting involved in this push to return to a gold-backed currency.

However, in 2014, Shaykh Abdul Qadir As Sufi announced that he would no longer be involved with the Gold Dinar movement. Why? He realized that the people who control the global financial system make it extremely difficult to transact using gold and silver. They control the flow of gold, where it’s stored,settled and who can access it. Any business dealing with gold also faces heavy taxation and regulation. Shaykh Abdul Qadir said it was essentially a victory for the capitalist system, and he called on Muslims to engage in a “post-usury” culture, focusing on alternatives to the current system, like avoiding interest-based transactions. So, we’ve already tried the gold standard, but it didn’t work.

Another example comes from Muammar Gaddafi, the former Libyan leader, who also talked about returning to a gold standard. He even suggested uniting Africa under a gold-backed currency. But we all know what happened to Gaddafi. His plans never came to fruition, and he ended up being overthrown and murdered.

I’m sharing these examples to show that many people have tried to bring back a gold standard, but each attempt has ultimately failed. If you keep trying the same thing over and over and getting the same result, it’s clear that approach isn’t going to work. I’m not against gold – I understand its value. In fact, holding gold can definitely be a way to opt out of the financial system to a certain extent. But at this point, I just don’t think there’s any real practical way to bring back the gold standard.