crankthatskunk
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I'm not a financial expert, so I don't know how we can operate on a global level with our own economic rules. For example if we had an interest free economy, with currency backed by real assets and whatever else is a requirement of an Islamic economy - what happens if we buy/sell something in dollars? If you want to buy my garlic and you pay me in euros, can I accept your funny money? If not then how do I sell you garlic?
Maybe in order for me to sell garlic, I need to first buy some cake and pay with my halal currency. Then they can use my halal currency to buy my garlic?
But then what if they want to buy more from me than I want from them? I want to sell my garlic, but I don't want to buy any more cake or anything else?
I don't know the answers. This is why we need people like conspiracy theory shiekh (I forgot his name) to be challenged by economists. They need to work in parallel to find an alternative model and a path to transition to it - rather than just lecture.
Very simple answer my friend.
How the world does the trade now!!!
In dollars.
What is stopping Muslims countries to get together and create a International Dinnar or Dirham for trade!
Muslim countries could hold its reserves as they do now for Dollars.
They can still keep Dollars and Euro to trade with some other countries.
It would be a start. Leading to the point when other currencies are kicked out or pushed to trade in Dinnar or Dirham if they want to trade with Muslim countries.
But for that Muslim countries have to unite, which is kinda difficult at the mo.