- R. Charles Moyer, James R. McGuigan, and William J. Kretlow,Contemporary
Financial Management, Thomson One—Business School Edition and Infotrac,
pg. 163. - For a detailed outline of the many papers, books, and analyses on the Taylor
Rule, please visit http://www.stanford.edu/johntayl/PolRulLink.htm. - GDP (gross domestic product) is a measurement of the national income and out-
put for a given country. It is a measurement of the total value (in local currency or
in dollars) of all final goods and services produced in that economy in a given year. - Ahmad Kamal Mydin Meera,The Islamic Gold Dinar, Pelanduk Publications,
Malaysia, 2002. - Narrated by Abu Sa’eed Al Khidry.
- Ibid. Also reported and authenticated by Imam Ahmad and Imam Bukhary.
- Muslim; the scholar in Hadeeth reported that a person came to the Prophet (pp)
to gift him with dates. The Prophet (pp) asked him how he could afford these
high-quality, large-size dates and said: ‘‘this is not our type of dates.’’ The per-
son said ‘‘Oh Prophet Muhammad (pp), we sold two containers of our dates for
one container of the better-quality large dates.’’ The Prophet (pp) said: ‘‘This is
what Riba is!’’ He proceeded to tell the person: ‘‘Return these dates. Then sell it
[our dates] in the market for [real] money and use the money to buy the other
dates.’’ In another story reported by the scholar Abu Dawood: A person
brought the Prophet (pp) a gold bracelet which had beads woven in it, which he
had purchased for nine or seven dinars [gold currency at that time]. The Prophet
(pp) said: ‘‘This transaction must be conducted by separating the gold from the
beads. Return it. And price each separately.’’ And the scholar Muslim further
reported orders to separate the gold from the beads, and said that the gold
should be exchanged for the same weight of gold. - By the Hadeeth scholar Abu Dawood.
- Narrated by Bukhari, one the recognized authorities on the compiling of the
Prophet’s Hadeeth. - Peter Kilborn, ‘‘Baker Hints at Gold As Guide on Policy,’’The New York
Times, October 1, 1987. - Mahathir bin Mohamad, ‘‘The Gold Dinar as an Alternative International Cur-
rency,’’ Kuala Lumpur, Malaysia, July 1, 2003. - Mahathir bin Mohamad:The Malaysian Currency Crisis—How and Why It
Happened,’’ Pelanduk Publications, 2000. - The United States Department of Commerce, U.S. Census Bureau: http://www.census.
gov/. - National Association of Home Builders (NAHB): http://www.nahb.org/page.aspx/
category/sectionID¼131. - London Bullion Market Association (LBMA): http://www.lbma.org.uk/stats/goldfixg.
- The United States Department of Agriculture (USDA), National Agricultural
Statistics Service (NASS): http://www.nass.usda.gov/QuickStats/Create_Federal_All.
jsp. - The United States Department of Energy (DOE), Energy Information Adminis-
tration (EIA) http://tonto.eia.doe.gov/dnav/ng/ng_pri_sum_dcu_nus_m.htm.
130 THE ART OF ISLAMIC BANKING AND FINANCE