The Islamic gold currency system uses gold as the main money standard, following Islamic finance

principles. Key features include:

1. **Gold Standard:** Gold is the basis for currency value.

2. **No Interest:** It avoids interest (riba) through fair profit-sharing methods.

3. **Asset-Backed Money:** Currency is backed by real assets like gold, ensuring stability.

4. **Clear Contracts:** Contracts avoid excessive uncertainty (gharar) for transparency.

5. **Zakat Ease:** Facilitates the calculation of Zakat (charity) with gold as a standard.

6. **Discourages Hoarding:** Encourages using wealth productively.: Hoarding of wealth, especially in

the form of gold and silver, is discouraged in Islamic finance. Instead, wealth is encouraged to be used
for productive economic activities that benefit society.

Implementation can vary, and many modern economies use fiat currencies not tied to gold. Islamic
finance follows evolving interpretations of Sharia law.