Mufti Taqi Usmani about Islamic Finance in Russia, Fiat money and Cryptocurrency (Part I)

According to Sheikh Muhammad Taqi Usmani, the key solution to the financial crisis is return to the true essence of money as a medium of exchange. “Artificial creation of money is the basic reason for the economic volatility”, sheikh says

Sheikh Muhammad Taqi Usmani is the 6th most powerful contemporary Muslims. He chairs the AAOIFI Shariah board and the shariah boards of several Islamic banks, including Abu Dhabi Islamic bank. Mufti Muhammad Taqi Usmani visited Moscow by the invitation of the Higher School of Economics and was invited to the council of the Agrofimost Project which involves issuance of the sukuk.

Special gratitude to the Hotel National for wonderful location.