ISLAMABAD: Council of Islamic Ideology (CHII) President Maulana Muhammad Khan Sherani opened a new Pandora’s box Tuesday with a most peculiar demand.
Speaking at a seminar organized by the CII in Islamabad, Maulana Muhammad Khan Sherani said the economy is based on silver and gold coins in the past.
“We need to bring back the circulation of gold and silver,” he said.
The current system of economy based on paper money is not lasting, because there is nothing concrete on paper money, he said.
The head of the CII, also said that the style of Islamic economics was necessary to revive Islamic principles.
It was announced that the council open a debate on the re-circulation of gold and silver coins.