The Turkish Lira hit a record low this week, and so far this year has lost 40% of its value against the dollar. In response Erdogan said, “They have got dollars, we have got our people, our right, our Allah.”
Erdogan was widely ridiculed for this statement. Yes, we do have Allah (Most High) but the solution to this crisis is not to pray to Allah while at the same time disobeying Him and implementing a riba (interest) based economic system with a fiat currency.
Allah (Most High) says,
وَمَنْ أَعْرَضَ عَنْ ذِكْرِي فَإِنَّ لَهُ مَعِيشَةً ضَنْكًا وَنَحْشُرُهُ يَوْمَ الْقِيَامَةِ أَعْمَىٰ
“As for the one who disregards My message, he will have a miserable life, and we resurrect him, on the Day of resurrection, blind.”
(Ta Ha, 20:124)
This currency crisis is caused by the Turkish Lira being a fiat currency with no intrinsic value. In order to resolve this, Turkey must implement all the Islamic systems including the Islamic economic system, abolish the Lira and replace it with a new bi-metallic currency based on gold and silver. This is what it means to truly rely on Allah.
Further details on how a future Caliphate could transition to a gold and silver standard can be read here: The Caliphate’s transition to the Gold Standard