The characteristics of the monetary system

We can say that commodity money system is a monetary system such as the gold standard in which a commodity such as gold is made the unit of value and physically used as money, any other money, such as paper notes, being theoretically convertible to it on demand. An historical alternative which was rejected in the Twentieth Century was Bimetallism, also it is called the "double standard", under which both gold and silver were legal tender.

 You cannot talk about the monetary system away from the social system, because the money essentially is one of the most fundamental pillars, upon which the society without a doubt, the word community itself cannot launch any groups of people, unless they are including swaps and treated, Without dealing and exchange among themselves It just sets the confidentiality of primitive (and not society groups). So monetary systems are economic instruments are taken to facilitate the production and exchange of products between members of the community among themselves, and between other communities in places other geographical around the world, which is not necessarily reflect the state of the economy which are found originally for his service, but it doesn't going according to him.

Here it must be pointed out that the monetary system varies from one society to another, according to the economic system in this society, we find that the monetary system in capitalist systems, is different from those in the socialist regimes, and also differs from it in the system or the Muslim community, and the latter will be addressed in detail later, Because of its importance can be for the whole world to take advantage of them, the regime Islamic Economic submerged Currently, it is a lifeline to the world economic and financial crises, which swept from time to time, because of gaps chaotic in both the capitalist system and the socialist system, the gaps in high-risk, could lead to a deviation-out, which drag the world into a deep economic abyss, may not survive one on the face of the earth, while Islamic economics is a lifeline to the world, as Morris said Allier (world thinker and global economic and Nobel laureate in economics, is a thinker economic Originally a French non-Muslim).

 Some may be surprised that they had not heard of Islamic economics before, and think it is a new or a novelty, but the fact is that the Islamic economic system has arisen since more than 1400 years, the first Islamic state at the hands of the Prophet of Islam Muhammad (peace be upon him ), and missed this wonderful Islamic economic system, but because of the weakness of the Islamic state.

The problem is not in the Islamic regime or Islamic approach, but in the Muslim individuals who abused the application, but they will come back to it later after the developed world in the west of the application, it has spread to all the countries of Europe, years ago, many institutes specialized in the teaching of Islamic economics, in France (a leading liberal in the world) has established the largest institute for the teaching of Islamic economics in the world in 2007, and many universities in the developed world, in Europe, the study of Islamic economics, across many research and master's degrees and doctoral degrees in the field of Islamic economics, in order to be of the European Communities that have those universities that benefit from this Islamic economic system, and be able to save their economies from the inevitable collapse predicted by most economic thinkers, it is only a matter of time before it breaks down completely.

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