Paper presented at “The Colloquium on Economic and Business Issues ” organized by Faculty of

During the 1997 currency crisis, Malaysia had opted to peg its currency against US Dollar, (an action that was claimed by many as an uninterestingly orthodox) which proved to pay off. On the other hand, contemporary scholars from vast fields have started to revisit the possible usefulness of the gold Dinar as a medium of exchange, payment of zakat and dowry. This theoretical paper will aim to explore the impacts of the Gold Dinar on the economic social order. The impacts would be portrayed by curbing greed and other negative elements, creation of a focused wealth accumulation, reducing dependency on debts, creation of discipline corporate society, which will result a new Malaysian society