Excellent article by Prof Kameel attached below. Prof Kameel has long been an advocate for the removal of the fiat money system. Fiat money system is one of the most important issues of our lifetime. It is so important that in the last few messages to mankind, the last few verses of the Quran and in the Khutbah Wida' by Rasulullah s.a.w. we are again warned about the dangers of riba, which is what fractional reserve banking is, the mother of all riba! We need to clearly understand Prof Kameel's message. Fighting riba should interest us who worry about the future of our grand children; it should interest us who wish to live life as true Muslims, free of riba: It should worry us who worry about the fate of Palestine and Al-Alqsa; it should worry us who worry about Misr and a host of other debt slaves nations, slaves to nations who are kings of riba ; it should worry us who are Nationalists and worry about the fate of the Malays. I submit if we really do understand, there is no other issue as critical as riba, they just pale in comparison. No other sins Allah and His Rasul declare war on as in riba.
AlBaqarah : 278 & 279
The action required is to remove riba banking. The ideal solution is to create two types of banks. One set of banks who deals only in payments based on amount of monies in accounts without ability to lend and finance. The second set of banks to act as Investment Houses who invests in companies instead of lending money to them.
The above is the ideal. If we cant reach there yet then for the time being adopt what Prof Kameel suggests , nationalise the banks!
This will kill fractional reserve banking. It will remove the advantage which has been unfairly enjoyed by the few. On the international scene this was also how the Zionists accumulated their wealth, and how they now threaten Al Aqsa and the Muslim world.