What Alternative Financial System?
This is a pointed discussion directed at thinkers and builders in Islamic finance that are starting to see the reality of fractional reserve banking and wondering if it should be justified or actually addressed. Fasset, Ummah, Goldsand, TakaDAO, Bank Negara Malaysia, hope it reaches your desks. The claims must address the rot, because a new benchmark, name, or just doing wakala at scale isn't going to cut it. I hope to follow up with real alternatives and perhaps the dollar system needs to be engaged with, but it's incomplete without an off-ramp.
