Islam and The International Monetary System

International monetary systems are sets of internationally agreed rules, conventions and supporting institutions that facilitate international trade, cross border investment and generally the reallocation of capital between nation states. They provide means of payment acceptable between buyers and sellers of different nationality, including deferred payment. To operate successfully, they need to inspire confidence, to provide sufficient liquidity for fluctuating levels of trade and to provide means by which global imbalances can be corrected. The systems can grow organically as the collective result of numerous individual agreements between international economic actors spread over several decades. Alternatively, they can arise from a single architectural vision as happened at Bretton Woods in 1944.

Sheikh Imran Hosein
He was born in the Caribbean island of Trinidad in 1942 from parents whose ancestors had migrated as indentured labourer from India. He is a graduate of the Aleemiyah Institute in Karachi and has studied at sevaral instutions of higher learning including the University of Karachi,the University of the West Indies, Al Azhar University and the Graduate Institute of International Relations in Switzerland

He worked for several years as a Foreign Service Officer in the Ministry of Foreign Affairs of the Government of Trinidad and Tobago but gave up his job in 1985 to devote his life to the mission of Islam.

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