Gold

[DoreneFC at aol.com]

Recently someone on lbo-talk posted a short news blip about an effort to 
create an Islamic bank based on the gold standard located in Malaysia or 
something. 

As long as we are wandering around in the land of the gold standard, does 
anyone understand the Islamic laws about financial matters? The only thing I 
understand is that there is a prohibition on interest, but I do not 
understand how that is operationalized within the present financial sytem.

So why base an Islamic bank on the gold standard? What would be the big 
pitfalls?

Ideas?

DoreneC