"Imagine the power of an Islamic financial supermarket, rivaling the sophistication of the U.S. market (itself only 30 years old), to channel dollar holdings into dinars for a billion-plus people! The embrace of a pan-Islamic, gold-backed system would create an unquantifiable financial upheaval."
Meanwhile, in Malaysia, they continue to attempt progress toward the government adopting the dinar as an instrument in the international Islamic financial system.
"In Malaysia, former Prime Minister Tun Dr Mahathir Mohamad become a leading voice in advocating the use of gold dinar in international trade.During his tenure as prime minister, he had often stressed on making the dinar a trading currency for all countries and not just the Islamic countries.The Islamic countries, however, are in the best position to prove the effectiveness of the system, he said.During the OIC summit in Putrajaya, he said the grouping had agreed to Malaysia's proposal to use the gold dinar in trade transactions between member countries."
