Mufti Taqi Usmani proposed the Islamic banking system
The elite business class, bankers all the way down to bond traders have been hoarding foreign currency for quite some time now which causes heavy inflation. The lack of it makes it a commodity thereby exploiting and increasing its value by the hoarders. He simply released a fatwa in which he states that wealth hoarding is tantamount to treason. Mufti Taqi Usmani Sb said about hoarding food and brought an analogy towards hoarding money. There’s absolutely nothing wrong with what he said. There are a saying and authentic quote from Imam Abu Yousuf (R) about hoarding money too. Thus, this Hadith is not only restricted to hoarding food but anything that is in shortage and used against people/nations to earn profit which includes money too.
