Islamic Monetary Sovereignty versus Dollar Hegemony The Mizan of Stability

Since the severance of the dollar from gold in 1971, the global economy has run on a fiat dollar standard that this book reads not as a neutral technical arrangement but as a structure of ?ulm — systemic injustice. Inflation, debt dependency and the petrodollar order transfer real productive value from Muslim-majority and other peripheral economies to the issuing centre: a theft of the scale in Qur?anic terms. The book argues that dollar hegemony constitutes an ontological displacement of divine sovereignty and recovers the Mizan (Balance) as the governing principle of a just monetary order grounded in the Qur?an and Sunnah. It proceeds in three movements. The first is a forensic diagnosis of fiat money, debt and the institutional architecture of extraction — the IMF, the World Bank, SWIFT and the petrodollar settlement. The second is a critique of “Shari?ah-compliant” finance as the mimicry of conventional instruments through tawarruq, sukuk and benchmark capture, together with an institutional sociology of how Shari?ah boards were absorbed into a compliance culture. The third, and the book’s distinctive contribution, is a constructive architecture: the Sovereign Shield, comprising asset-tethered settlement, the Digital Mu?tasib as algorithmic market oversight, the Digital Suq for cross-border clearing beyond the dollar, and the Sovereign Suq Alliance as its institutional vehicle — specified to the level of governance, custody, audit and staged adoption. Written for scholars and advanced students of Islamic economics and finance, international political economy and monetary economics, and for policymakers in OIC and Gulf institutions, the book connects classical Islamic jurisprudence with live debates on monetary sovereignty and digital money.