Among the Signs of the Last Day prophesied by Prophet Muhammad (peace and blessings of Allah Most High be upon him) is that “the river Euphrates would uncover a mountain of gold”. He said that “people would fight for that gold and 99 out of every 100 would be killed. Each one of them would however expect to be the ‘one’ in 100 who would survive”. He went on to warn that “whoever is present at that time should not take that gold”. (Sahih Bukhari).
The River Euphrates did uncover a mountain of gold less than a hundred years ago – but it was black gold, namely oil; and there have been constant wars, one after another since that time, for control over that black gold.
We will explain in a moment how the petro-dollar came into being when ‘an ocean of oil’ commenced functioning as ‘a mountain of gold’ in the form of an asset or collateral backing a new petro-dollar monetary system.
However the world still has to experience such wars over that ‘mountain of gold’ in which 99 out of every 100 would be killed, i.e., wars in which such weapons of mass destruction (as thermo-nuclear weapons) would be used as would cause such colossal deaths. It is unclear whether the wars over ‘the mountain of gold’ would culminate in the Malhama, or great war, prophesied by Prophet Muhammad (peace be upon him). Such a great war would substantially reduce the human population of the world and tiny Israel would then have far less difficulty in ruling the world.
Our view is that we were prohibited from taking any of that ‘mountain of gold’ because it would be used as an instrument of the enslavement of all of mankind. To the extent that we used it, we would eventually be enslaved.