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Kelantan first state to launch gold dinar and silver dirham coins
Kelantan first state to launch gold dinar and silver dirham coins
Kelantan mints govt coins KOTA BARU: The Federal Government should stop subscribing to the international monetary system where the US Dollar is the major factor in determining the value of other currencies. �Kelantan wants Malaysia and other Islamic nations countries to revert to the old monetary system where gold and silver are used instead,� said Mentri Besar Datuk Nik Aziz Nik Mat. �We cannot allow one or two nations to dominate our currency value and our lives. We must utilise the foundations of Islamic economy where gold and silver were accepted as legal tender,� he said. Kelantan yesterday became the first state in the country to launch its own-minted gold dinar and silver dirham coins based on the Islamic financial system. Although there is no legal tender value, the state wants residents to invest in the dinar and dirham, the returns would be based on the trading value of gold and silver in the commodities market. Saying it was the Islamic legal tender since the days of Prophet Muhammad, Nik Aziz wants Bank Negara to better market the dinar and dirham. On the dinar and dirham usage here, Nik Abdul Aziz said the state would first generate awareness about its value and benefits. Then, it would try to standardise the value so that gold and silver could be used for monetary transaction in marriage dowry, haj pilgrimage and zakat payments, he said. Earlier, state finance planning committee chairman Datuk Husam Musa said PAS would invite former premier Tun Dr Mahathir Mohamad as a keynote speaker in a seminar on the use of the dinar and dirham. Dr Mahathir was a proponent of the system so it was only fitting to invite him, Husam said. He announced that since the launch, the manager of the scheme had sold some RM20,000 worth of dinar and dirham coins here. /////////////////////////////\\\\\\\\\\\\\\\\\\\\\\\\\\ ////////////////////////////\\\\\\\\\\\\\\\\\\\\\\\\\\\\\ ///////////////////////////\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\ "It would be difficult to exaggerate the psychological and social impact of the anticipated replacement of the jumble of existing monetary systems--for many, the ultimate fortress of nationalist pride--by a single world currency operating largely through electronic impulses." Who Is Writing the Future? |
Re: Kelantan first state to launch gold dinar and silver dirham coins
dh note .... wow ... finally ... much hyped, much vaunteed and esteemed gold dinar has become a working reality ... rejoice ... with exceeding gladness .... rejoice ... oneness,dh
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Re: Kelantan first state to launch gold dinar and silver dirham coins
Malaysia is the only known country that booted out the IMF, world bank, central banks, etc
They are effectively outside the reach of Rothschild & Co. So I say congrats on the gold & silver coins. they are heading in the right direction |
Re: Kelantan first state to launch gold dinar and silver dirham coins
http://www.bnm.gov.my/index.php?ch=103&pg=441&ac=302
The Kijang Emas Gold Bullion Coins Malaysia is the 12th country in the world to issue its own gold bullion coin. The Kijang Emas now joins the ranks of other international gold bullion coins. The design of the obverse of the Kijang Emas depicts a barking deer ("kijang") in its natural habitat in the Malaysian jungle. The reverse side features the hibiscus, the national flower of Malaysia. <table border="1" cellpadding="10" cellspacing="0" width="100%"> <tbody> <tr align="center"> <td class="bnmTblHdr" width="50%">1 Troy ounce</td></tr> <tr align="center" valign="center"> <td>http://www.bnm.gov.my/view.php?dbInd...te_id=1&id=324</td></tr> <tr align="center" valign="top"> <td> Face value: RM200 Gold Purity: 99.99% Standard weight: 31.105g Diameter: 37.00 mm </td></tr></tbody></table>http://www.bnm.gov.my/images/spacer.gif <table border="1" cellpadding="10" cellspacing="0" width="100%"> <tbody> <tr align="center"> <td class="bnmTblHdr" width="50%">1/2 Troy ounces</td> <td class="bnmTblHdr" width="50%">1/4 Troy ounces</td></tr> <tr align="center" valign="center"> <td>http://www.bnm.gov.my/view.php?dbInd...te_id=1&id=325</td> <td>http://www.bnm.gov.my/view.php?dbInd...te_id=1&id=326</td></tr> <tr align="center" valign="top"> <td> Face value: RM100 Gold Purity: 99.99% Standard weight: 15.550g Diameter: 28.00 mm </td> <td>Face value: RM50 Gold Purity: 99.99% Standard weight: 7.780g Diameter: 22.00 mm </td></tr></tbody></table> The purchase and reselling price of Kijang Emas is determined by the prevailing international gold market price. The daily market price is posted on the BNM web site. The Kijang Emas is minted by the Royal Mint of Malaysia and distributed by Maybank Berhad and Bumiputra Commerce Bank Berhad, which will also entertain further enquiries. |
Re: Kelantan first state to launch gold dinar and silver dirham coins
September 13, 2006 18:33 PM
Kelantan Gold Dinar To Be Launched On Sept 20 KOTA BAHARU, Sept 13 (Bernama) -- Kelantan will introduce its gold dinar to the public on Sept 20, but only to be used as savings, dowry (mas kahwin), zakat and gifts. State Executive Councillor Datuk Husam Musa said the dinar is not the official currency of Kelantan as alleged by some quarters. The usage of the dinar is merely for the Kelantan people to understand the history of the dinar and its usage, he said at the pre-launching of the dinar, here Wednesday. Menteri Besar Datuk Nik Abdul Aziz Nik Mat will officially launch the dinar and the Pas-led state government through Permodalan Kelantan Berhad has booked three kilogrammes of gold worth RM240,000 in the form of dinar to be sold to the people. He said the state government also bought dinar worth RM100,000 for the purpose of savings. One dinar will be sold at RM332.25, half dinar at RM176.76 and quarter dinar at RM99.38. Husam said the dinar was designed by a Kelantanese. He said the state government had formed a committee to study on the usage of the gold dinar and to ascertain whether it was against the law. "However, the committee found out that it was not against the regulation of Bank Negara. As such, there was no need to get the approval of Bank Negara to introduce the gold dinar," he said. When Husam announced on the proposed usage of gold dinar three months ago, it caught the attention of many, including Prime Minister Datuk Seri Abdullah Ahmad Badawi, as they were worried that it may violate Bank Negara Malaysia regulation. Husam said those wishing to sell back the dinar could do so at eight ar-Rahnu Islamic pawnshops or at selected goldsmith. -- BERNAMA |
Re: Kelantan first state to launch gold dinar and silver dirham coins
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Re: Kelantan first state to launch gold dinar and silver dirham coins
September 14 2006
The Kelantan State Goverment will launch its Kelantan Gold Dinar (DEK) coin, a savings and investment instrument which it hopes would one day be accepted by the local business community as a legal tender. The coin, which is made of 91.7 per cent pure gold, would be sold at its launch next Wednesday, in denominations of a quarter, a half and one dinar and priced at RM89.38, RM166.76 and RM322.25 each respectively. After its launch, the gold coins, which were once widely used as currency during the Islamic Empire in the Middle East, will be priced according to the global price of gold. State Public Administration, Economic Planning, Finance and Community Development committee chairman Datuk Husam Musa stressed that the coins are not a form of alternative currency. "But if the local business community decides to accept it as a form of legal tender, then there is nothing we can do about it," Husam told reporters in Kota Baru yesterday, adding that two local hotels and a supermarket have agreed to accept the coins as a form of legal tender in emergencies. Husam, however, explained that the main rationale behind the introduction of the gold coins was their use as gift items and as a form of investment and savings. "It's good as a method to save against inflation since the price of gold does not fluctuate as frequently as paper currency. It is also a Islamic heritage item," he said. The dinar was first introduced in Arabia by the second Al-Rashid caliph, Umar Al-Khattab, in the 7th Century and was adopted as the main form of currency by successive caliphates up till 1917 with the fall of the Ottoman Empire. The DEK is similar to the original dinar in weight and purity of gold used. However, it will feature the Kelantan state crest, the date of production, as well as the weight and purity of the gold used on its face. The coins can be bought and sold at the Kelantan Corporation Bhd (Perbadanan Kelantan Bhd) and all eight Ar-Rahn Islamic pawnshops in the state. |
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Re: Kelantan first state to launch gold dinar and silver dirham coins
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Could it be? I cannot even remember the name now. Welcome back |
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thanks for thinking of me ... like I say .. no fan fare please .. i really am just interested in a "single world currency" ... gold & silver are, imho, an excellent item for transition to ... ??? ... iraqi dinar ... ??? I might have used my old screen name "onepence" but I am on a different computer, different email, etc ... anyway ... the gold dinar ... wow ... oneness,dh |
Re: Kelantan first state to launch gold dinar and silver dirham coins
ON Bank introduces cost-competitive Islamic micro-credit facility
Banking Group offers Ar-Rahnu facility at its branches Johor Bharu, September 25, 2003 - EON Bank Group (EON Bank) today officially launched the Ar-Rahnu Pawn Broking facility (Ar-Rahnu) as part of the Group’s strategy to provide a comprehensive range of Islamic banking and financial products and services. Ar-Rahnu, which was launched in August 2002 in the Group’s Islamic Banking branches in Kota Bharu, Alor Setar and Kuala Trengganu has since received very good response from customers. As a result, EON Bank has decided to introduce this financing facility to all its full-fledged Islamic branches as well as selected branches namely the Sungai Petani, Kota Kinabalu, Miri, Pasir Gudang and Senai branches. As at September 15, 2003, a total of 10 EON Bank branches offer the Ar-Rahnu facility with RM3.2 million worth of loans extended to customers. Speaking at the official launch, Deputy Group Chief Executive Officer, En. Abdul Jamel Pawanteh said: “The official launch of Ar-Rahnu under EON Bank’s Islamic Banking Division is a testimony of the Group’s commitment in meeting its objective to grow its Islamic Banking services. “We are proud that EON Bank is one of the local banking and financial institutions to have successfully launched an Islamic Pawn Broking facility as part of its efforts to provide a comprehensive range of Islamic banking and financial products and services.” Ar-Rahnu is an Islamic pawn broking facility, which is based on the Ar-Rahnu, Al-Qardhul Hassan and Al-Wadian Yad Dhamanah principles of Islamic finance. It provides customers with the option of obtaining financing through personal surety or pledge in which the Bank will charge a reasonable fee for the safekeeping service of the customer’s jewellery. Abdul Jamel Pawanteh added: “The Ar-Rahnu facility is a micro-credit facility, customised to meet the financial needs of the middle to lower income groups. It is an effective financing tool for entrepreneurs who want to source for capital to run a small business.” He said that EON Bank’s Ar-Rahnu Pawn Broking charges are one of the lowest offered in the market. Financing is given up to 70 per cent of the value of the gold offered as collateral to the bank. “Based on Syariah principles, the Ar-Rahnu facility is not only a fair and just financing system, it is also a simpler and cheaper way to obtain financing. Compared to conventional pawn broking, which charges rates of more than 25 per cent per annum, Islamic pawn broking cost less than 20 per cent per annum,” he explained. He added that EON Bank has also taken steps to ... |
Re: Kelantan first state to launch gold dinar and silver dirham coins
well i wrote to EON Bank Group ... {Islamic Pawn Broker Facilty} ... it will be interesting to see what and if they reply ... oneness,dh
Dear Sirs, I recently say a news article that staed in brief Kelantan first state to launch gold dinar and silver dirham coins. http://thestar.com.my/news/story.asp...7523&sec=North As I am somewhat of an avid coin collector I was wondering if you could give me more information ... like ... could you send some jpeg pictures ... {as an attachement ??}} ... also could you state weight and finess of both the silver and gold coins ... and finally could I buy some of these coins ... and if so what price usd ... shipping and handeling ?? ... could I send an international money order ... or paypal ... I am not comfortable with sending bank wires ... thank you in advance for considering this matter ... and if you are unable to answer my questions who would you suggest I write to ?? thanks again a person of oneness, Dean Hedges |
Re: Kelantan first state to launch gold dinar and silver dirham coins
The coins, designed by Bank Negara coin designer Ismail Bukhary, comes in three denominations: a one dinar 23mm diameter coin weighing 4.25gm (worth RM332.25), half-dinar 20mm diameter coin weighing 1.06gm (RM176.76) and a quarter dinar 21mm coin weighing 0.5gm (RM99.38).
/////////////////// We had a similar situation over here in New Zealand back in late 1999 in which the Reserve Bank of New Zealand gave approval to a private organisation called the Chatham Islands Note Corporation to issue notes.The interesting thing is that the notes were not allowed to be regarded as legal tender,but negotiable tender,which meant that a trader didn't have to accept them as payment.There were 2 issues of notes,but the C.I.N.C. tried to issue coins,but the R.B.N.Z. took an extremely dim view of this. The Kelantanese situation is slightly different,as Kelantan is a semi-independent state within Malaysia with its own monarch & legislature,whereas,the Chatham Islands are not self-governing. The Kelantanese Dinar was intended to circulate side by side with the Malaysian Ringgit,just like the Chatham Islands Dollar circulated along with the New Zealand Dollar. I wonder how many Dirhams will make up the Kelantanese Dinar.I can guess that there will be 1,000 Dirhams in a Kelantanese Dinar. The new Kelantanese coins will be the first issue since Kelantan came under British protection in 1909,which is why they would be of interest to me. The names 'Dirham' & 'Dinar' have been chosen to reflect the fact that a majority of the Kelantanese people are Muslims,& that the Islamic Empire of the Caliphs was once an economic & political power in its own right. I wonder where the gold will come from for the Kelantanese coins.Malaysia isn't known as a gold producer,but it is more famous for its exports of tin. Aidan. |
Re: Kelantan first state to launch gold dinar and silver dirham coins
Far more dangerous than these possibilities is the call by radical intellectuals in the Islamic world for more than a billion Muslims to reject all forms of Western fiat currency, and adopt instead the Islamic gold dinar and silver dirhem coins as their exclusive media of exchange, both perforce of their religious duties under Islam and as a means to strike at the Great Satan�s greatest vulnerability. Were this movement to take hold, it would drive the values of gold and silver to unprecedented heights, and the values of Federal Reserve Notes (and all other fiat currencies as well) to unheard-of lows. One need be no expert trader of precious metals to imagine what would happen if (say) 500,000 Muslims suddenly entered the markets, each seeking just an ounce of gold, an ounce of silver, or both! And a month later, did the same thing�and so on. Such an eventuality could presage the beginning of the end, not only for irredeemable Federal Reserve Notes, but also for all fiat currencies, and even for fractional-reserve central banking (which is prohibited under Islamic law).
So, the question is not, �Will there be monetary and banking crises in the foreseeable future?� but, �What can common Americans do about them�-preferably, before they break out?� For some suggestions, stay in touch with www.NewsWithViews.com web site. |
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Welcome back, jnewsflash "O.F.". :wink: |
Re: Kelantan first state to launch gold dinar and silver dirham coins
The Reconstruction of the Islamic Mu�amalat
in the Midst of the Crisis of Capitalism By Umar Ibrahim Vadillo Assalaamu alaykum wa rahmatullah First, I would like to briefly explain the title of my Paper: the Reconstruction of the Islamic Mu�amalat in the Midst of the Crisis of Capitalism. The title clearly points to the future, and this is appropriate for a Youth Conference. The word Islamic Mu�amalat means the behaviour of the Muslims. This is how we conduct all our social and private affairs. The second part of the title is the Crisis of Capitalism. This concept is not something new. Capitalism had many crises before, and it will certainly continue to have them again. This is because it is the nature of capitalism to evolve through crisis. The next one, however, will be without parallel, because of the size the speculative economy has reached in relation to the real economy. That is, the financial markets have never been so out of proportion with the world of trading and production of physical things. Just to give you an idea: in derivatives alone, the size of the market is around 160 trillion USD, while real trading world-wide is a mere 4 trillion dollars. The problem is that the size of the derivatives market keeps multiplying by two every two and a half years. Now, how does all this relate to our Mu�amalat? Well, let us begin by saying that Islam is the deen of Allah. Allah has given us this deen to live in accordance with His Will, and to succeed in doing so. The domain of Islam encompasses all of existence. Islam expresses a world-view that places an order over the land of the Muslims and the land of the non-Muslims, under expressions such as Dar al_Islam and Dar al_Harb. Thus it commands over all existence, everything is in its place. What is important is that Islam not only provides the guide, in itself identifies the means to achieve the objectives. I am saying this to reassure you that those people who say: �Yes, we now what it is, but it cannot be done,� say that because they are not looking at Islam, they are looking at themselves. And this expression is the very expression of hypocrisy. Remember the wonderful saying of Rumi: �The hypocrite is the one who says what is halal is not possible. Because indeed, what Allah has made halal is possible. If you do not understand this, then hit your head against the wall. And if you still do not understand, then hit harder.� This signifies that you cannot separate the guide from the means. They are together. They are the same in the most intricate way. To understand this, you have to understand the nature of the Shari �ah. The Shari �ah is Allah-made. Not man-made. The Shari �ah is not only expressed in books of Fiqh, it is embedded in nature itself. What is halal is threaded together with existence, and so is what is haram. Your body, and nature, and all of existence revolves around this order, because it comes from the same Creator. We can say that the world was created with the Shari �ah and man built into it. Now, this is very important because when we say something is �just�, it also means that it is �true�, and also, when something is �unjust� it is also �untrue�. The significance of this is that when we look at Riba�, we see something �unjust� but also �wrong�, �false�: an error. Riba is an error with nature. It is an error with the nature of the commercial transaction itself. This implies that when the individual person engages in Riba, he is not merely making �a bad choice� and therefore feeling �morally wrong�. No, it is not only that. He is not only morally wrong. He has gone against nature itself, meaning his own nature and the entirety of existence. On the other hand, when you do something halal you are with nature. This could compare with swimming in a river, with the current or against the current. Swimming with the current seems easier and is more productive, swimming against the current demands an extra and continuous effort. All of this means that Islam is in nature and therefore cannot be abolished, nor does it need human legislation to exist. It is already there. We need to enforce it, but the arena in which to enforce it is our own behaviour. That is why you cannot change or reform Islam. You may try, but Islam is still there unchanged. Some people have for example decided that we will have Islamic Banks, but what Riba� is, and what is forbidden in Islam, will not change despite their futile efforts. Another important thing is power. Power relates to the means. We know that La hawla wa la quwatta ila billah. This means that there is no power except by Allah. Power belongs to Allah. So, there is no need to quarrel. It belongs to Allah. But some people will tell you: �Yes, yes, but in reality, in practical terms the Americans have the power.� A�udhubillah, such a statement is an expression of kufr. Muslims cannot say it. The truth is that Allah has power over everything. Before Him we are just specs of dust. Because of this knowledge the Muslim has one virtue that the kafir cannot have. The Muslim can borrow Allah�s power by submitting to Him. You abandon your attributes, and then you can borrow His. The more slave you are to Him, the more powerful you are by Him. The more you submit to Him, the higher you will rise. And this is the key to understanding �the means�. The means are not hidden. We veil them with our ignorance. They are there. Present in nature itself. It is all around us. As Shaykh Abdalqadir told me, when I just became a Muslim: �Umar, all the means fisabilillah are within the reach of your hand.� Within the reach of your hand?�I asked myself. This compass is so small! I did not understand it then, but I knew it was true, and I forced myself to make it real to me. It was only later, with the experience of this wisdom, that I could understand it. What we are saying is that the guide is there and the means are there available to us. For us to find them, we have to unveil ourselves: we have to think right. We have to force ourselves to see them and thus make them accessible. Let us look at what we call �problems�, or difficulties, or tribulations. You have to know that all the difficulties that we shall encounter from now up until the full establishment of Islam, all those tribulations, have one single origin: ourselves. What we encounter in every �problem� are our fears. And those fears must go one by one, until only one remains: fear of Allah. Any other fear is false. Mawlana Rumi also says, �What you fear is what you worship�. So do not fear anything except your Creator. When you are going fisabilillah and one door is shut, another one is open which is better. So do not despair, but look around, because somewhere there is an open door. Tribulations are signals along the path, for those who know. And the �enemies�, what are the enemies whom we are fighting, who oppress us? Shaykh Darqawi in his Letters says: �For the �arifin, his enemies cannot harm him.� This is because he and they are in different worlds. It is like saying that they exist in different dimensions. They do not reach each other. Now we look at our life�s environment and there we find things that are bad/haram, and those that are oppressing us. Our task is to get rid of them. We have to fight them. But before we engage, let us look at them more carefully. As we said before: the things that are bad are also false. Let us take an example. Taking a mortgage on your house is one of the worse things you can possible do: it is riba and it is haram. But people find themselves obliged to do it, and everybody does it. We can argue�when we look at the larger picture�that the system as a whole is terrible. It enslaves people in the most extraordinary way, for some people for most of their productive lives. But it perpetuates itself by creating an alternative which is even worse: not to have a mortgage. This logic raps around itself. There is no escape to the trap. Isn�t there? Of course there is. We could go around on a tour saying publicly the system of mortgages, the banking system that runs our life, is bad for us. But believe me, it would not matter what we would say, we would only be diminishing the nature of the problem and therefore perpetuating it. Because the people who really know how to get rid of it, are doing it, instead of talking about it. Because even if you try to express how bad a mortgage is, it is nothing in comparison with the tragedy of the people who suffer from it. There are no words to describe the catastrophic reality of it. And this is the fine point: First, it is unjust, but also anti-natural, contra natura. Second, it is an act and it can only be fought with another act, the nature of which is natural. Take another example, the dollar. It is false. It is ridiculous. It perpetuates an immense injustice in the world. But again, with a certain sarcasm, some people have said: �To have dollars is bad, but it is worse not have them.� And here again is the logic of the trap. Let us now look at this matter from a different perspective. This problem is false, and therefore it is an error. In tactics, let us say, in a chess game, when your opponent makes a wrong move�when he makes a mistake�it is a good thing. You would in fact exhort the enemy to make errors, because it is in your favour. These things we call �oppressing problems� are against nature. So go on the side of nature, that is, go in the way of the Shari �ah. Then, all those problems are in your favour. Let us look at the dollar again. From one perspective it is the trap that has ensnared the world. The world is enslaved by this false piece of paper. But from our perspective, this is not a problem but instead a magnificent opportunity. It is an opportunity of a magnitude as large as it is when seen as a trouble. Thus, the bigger the problem, the bigger the opportunity. Look at this paper money again. It could not be more worthless. Whether it is valuable or worthless depends on us. It does not depend on the paper. It depends on the Muslims, not on the kuffar. The alternative to paper money is the Islamic Gold Dinar. The issue is simple: take the Dinar and throw away this worthless paper away. The Gold Dinar is the Shari �ah. Paper money is the religion of false fears. But before you rush and throw the paper down the toilet, let me tell you something. This is not an individual affair. This is not your personal affair. This is our affair. �Ours� refers to the Muslim community. A Muslim community is a group of Muslims with an Amir. Without Amir, there is no community, only a bunch of individual Muslims at the mercy of kufr, which is not merciful at all. Amr is the pillar without which you cannot even start to think about the Shari �ah. The Shari �ah without amr is not our Shari �ah. The Shari �ah takes shape and order�it becomes efficient�only with an Amir. The Amir points towards the aim. Without that pointing at the aim, there is no aim�you cannot even begin to move. It is like a football team without order, they will never win. You need order and an aim. And this is when we come to speak about leadership. This, I hope, is especially relevant to you, because from among you are our future leaders. To be a good leader you need to be this, that, and the other, and so on and so forth. But I will tell you what you need above everything else: understanding of victory. If you do not understand checkmate, you cannot play chess. It is obvious. You have to know where to go. If you do not, do not try, and please do not confuse others. Without understanding victory you will be leading your people the wrong way, or�which is the same�you will not be doing anything at all. It is better to say �I do not know.� But today we want to know. We want to understand victory. Victory is the word that is missing. When you mention it you already are on the path to it. Because when you mention it you already want it. And to want it is the first condition: Will to victory. The result of victory is the full establishment of a Dar al-Islam. In this path of victory we know that we have all the means and all the guidance. The means and the guidance are our Shari �ah. A victorious Shari �ah. A Shari �ah with a leader. A leader who can indicate the means, a leader who takes the means and uses them. In using them successfully, in leading, he is the leader. Among ourselves are leaders of communities in different parts of the world, and to you particularly I dedicate this part of my talk. You have achieved leadership and the respect of your community that follows you. This is already very strong. I want you to think victory with me. You must know that it does not matter what comes before you, it is all under the power of Allah. He is in charge. Every bad thing or problem created by the kuffar is your opportunity, everything good done by your people is your strength. Good and bad are your strength. Look at the larger evils, because in them you will find your greatest opportunity. The enemy today is not represented by Christianity or Judaism. These religions are over. The only religion today�the way we Muslims understand religion, that is, as a way of life�is capitalism. This is a false way of life. Make no mistake. Do not fight phantoms. What people live is a life of capitalism, and this is what matters. The good news is that everything in capitalism is wrong. Everything, because it is founded on wrong. It means everything is for the taking. Capitalism is a dream for you, it could not be easier, because it is so wrong, and so clearly wrong. To dismantle capitalism could not be easier, because it is dismantling itself. If you do nothing it will collapse, because it is anti-natural. The dollar will return to its natural value, zero, even if you do nothing. But if you do something you will change the world as it is. Capitalism is against the flow of the river. It is anti-natural. Every little effort that you do in the way of the Shari �ah will have tremendous effect: it is like swimming with the current. Take gold, dump the dollar. But with brains. With order. With a sense of victory. This is where you come in, the leader. You have the most ignorant opposition in the history of kufr, since they are more ignorant than ever before. The existence of a Dar a-Islam was a good thing even for the kuffar, but now they do not even have that. Gather strength with what you have, and seek what you need if you do not have it. It is all available. Preserve the purity of what you do, because this is your strength. Gather, gather, gather. Put the elements together and then explode with fury when you are ready to make a decisive move. Do not blow your trumpets before time, before you are ready. And you will know you are ready because �you do what you say�. The day you use the Dinar in your life, that day you can speak about the Dinar. That day everyone will listen to you and follow you, but not before. In the meanwhile, prepare and plan for things to come with the highest expectations. The order of capitalism as you see it today is crumbling at a rapid pace. Its reaching its next natural crisis. This Crisis of Capitalism will be the opportunity to contest the system, for that we need to master our Mu�amalat. Do not bother yourself with how small you are. Bother yourself only about how pure it is. You already have achieved something extraordinary: you are the leader of your community. With you, because of you, reconstructing the Mu�amalat is possible. |
Re: Kelantan first state to launch gold dinar and silver dirham coins
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just wait ... a hear the "first nations" drums everyday ... we will see a huge ressurange of native *smile* values ... oneness,dh |
Re: Kelantan first state to launch gold dinar and silver dirham coins
Hope it works for them.
Could be a long struggle. Welcome back. |
Re: Kelantan first state to launch gold dinar and silver dirham coins
Thursday September 28, 2006
Coin scheme a political gimmick KOTA BARU: The launching of the gold dinar and silver dirham scheme is nothing more than a political gimmick and does not bring any value-added initiative to the state�s economy. Deputy Finance Minister Datuk Dr Awang Adek Hussin said buyers of the gold and silver coins, issued by the Kelantan Government, must be aware that the value would depend on global and national gold and silver commodity prices. �If the demand drops, the value would likewise go down. Those subscribing to the scheme must know when to sell and when to hold,'' Dr Awang Adek said after breaking fast with residents at Beris Kubur Besar in Bachuk near here on Tuesday. He said it had become a habit among Kelantanese to keep gold ornaments as a form of savings and investments and that the state government was just capitalising on the trend. In terms of enhancing the economy, it did not create any effect as it was not legal tender for any of the national monetary schemes adopted by Bank Negara, he said. He cautioned that those who invested in the dinar and dirham might incur huge losses if they did not keep abreast of the latest value of the commodities and if sudden jolts occurred in the global trading, such as natural disasters that crippled mining operations. He said since Bank Negara was not fully consulted on this scheme, the agents who were Syariah pawnbrokers appointed by the state would determine the sale price of the dinar and dirham. Instead of just relying on the dinar and dirham as a form of savings or investment, Dr Awang Adek urged consumers here to invest in banking schemes where the returns and interest rates were more stable compared with the commodities trading of gold and silver. //////////\\\\\\\\ dh note ... gotta love it ... ... "huge loses ... if ... crippled mining operations" ... yea right bro ... whatever ... lol |
Re: Kelantan first state to launch gold dinar and silver dirham coins
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Gold looks governments and central banks in the eye and says, "Be afraid. Be very afraid." |
Re: Kelantan first state to launch gold dinar and silver dirham coins
The Gold Dinar Inauguration Acceptance to Present a Paper By James Sinclair I would be honored to present a paper at the official inauguration of the Gold Dinar in early 2003 at the Inauguration conference. I would respectfully share my thoughts with the honored delegates along the line of the following: 1/ The inauguration of the Islamic Gold Dinar in its present form is the most important monetary event since the Bretton Woods Agreement. 2/ I see the Gold Dinar's form as a measure for inter- Islamic countries' trade, with a quarterly settlement in gold as the first step toward a gold Islamic currency, which will be used extensively, in time, throughout Asia and Africa. 3/ The Gold Dinar is not only a measure for settlement in gold but also an _expression of Islamic Self- Confidence. This is true as it acts to free those nations participating from the economic influence inherent in US dollar settlement and reserve dependency and represents a potential united common point for the goal of Islamic states' self-sufficiency. 4/ The institution of the Gold Dinar will memorialize the bankruptcy of the IMF and World Bank theories of global markets and a US dollar reserve asset system as the cornerstone for the developing nations' economic success. 5/ The institution of the Gold Dinar establishes a return to the use of gold with the result of setting in motion monetary disciplines that will in fact be adopted in time by the Western industrialized nations to restructure their own economic situation. 6/ There is no question that the practice of "Personal Enterprise" as compared to "Free Enterprise" is the most dangerous element in today's economic world. A short seller's raid on Asian currencies made huge profits for its perpetrator but caused significant human suffering as its price. The Gold Dinar is a strong functional insulation against any repeat of such a crime against humanity. The greatest risk today is not from any evil empire but rather the evil practitioner of "Personal Enterprise" I would present these and other concepts set on the foundation of the following statements made by key players in the world monetary environment as follows: US Federal Reserve Governor Bernanke and Chairman Greenspan uttered the most pro-gold statements that I have ever heard. These statements, properly understood, confirm to me beyond any doubt that we are in the very early stages of an extremely long-term gold positive environment and a negative US dollar market. These words from the highest level of monetary management tell me that it is presently Fed strategy to see the dollar well under 100 on the US Dollar Index (a measure of the market position of the US dollars on a trade weighted basis). US Federal Reserve Chairman Greenspan said that, "Even with the key lending interest rate only slightly over 1%, the Federal Reserve would stimulate the economy by expanding monetary aggregates even if that rate were close to zero." Ben Bernanke, one of the Federal Reserve's seven governors, followed up by saying, "The US government has a technology called a printing press - or, today, its electronic equivalent - that allows (the Federal Reserve System) to produce as many US dollars as it wishes at essentially no cost." Chairman Greenspan also said "There is virtually no meaningful limit to what we could inject (money supply) into the system, were it necessary." I respectfully disagree with both eminent gentlemen, Chairman Greenspan and Governor Bernanke, in the assertion that there is no limit to freely printing or electronically creating money, at any level they deem required, by a failure of low interest rates to stimulate the US economy. Will non-US holders of US Treasuries and US dollars sit back and enjoy being pillaged? The US economy has had years of lower interest rates with no stimulative effect on business. What makes anyone believe that US or world businesses will aggressively borrow money and expand activity because money is cheaper now? The cost of money has been cheap, cheap and cheaper on a constant basis for a long time. Clearly, we are being told that we are on the verge of even higher levels of monetary growth. That means lower-quoted market levels for the dollar and higher market levels for gold. It means to me that the world dollar reserve currency acceptance and present theories of global markets are going to come under reexamination. Without question the adoption of the dollar reserve standard and global markets, as expounded by the World Bank and IMF Ivory Tower Ph.D. instructions, severely crippled Africa, the non-oil producing Mid Eastern nations, Central and South America because the sharply rising dollar held down their key commodity prices, while globalism failed to deliver the economic improvement as the IMF and World Bank Ph.Ds promised. Does China want inflation now on top of their internal banking problem? Do the Islamic oil producing nations want dollar inflation in exchange for the commodity, energy? As the dollar now falls, the USA exports inflation to dollar reserve asset based nations. With gold being re-monetized by the events of the Gold Dinar, will Asian Islamic nations be tempted to consider alternatives to a dollar which the US Federal Reserve management has declared can be created by electronic printing presses at practically no cost? How can no-cost dollars command respect either in the market or as a reserve asset? The more you produce of anything, the more likely you are to see the price decline. The dollar is not different from any commodity going into oversupply. Its price will decline and that decline will finally produce the limit to the printing press. The free and wanton creation of dollars to attempt to resuscitate a national economy will impact other nations in an inflationary way that have bought into the proposition of using the dollar as an alternative reserve currency. As the dollar rose significantly, we exported deflation. As the dollar falls, we will export inflation. Please inform me the exact details of this momentous conference at which the inauguration of the Islamic Gold Dinar in its new form will occur, so that I can make the appropriate plans to attend and present. Respectfully, James Sinclair |
Re: Kelantan first state to launch gold dinar and silver dirham coins
While I am in favor of the gold reserve overall, I can't say I like this, or anything else that moves the Muslim world towards the Caliphate. Not even all of Ponce's silver and gold would save him from a world-spanning Islamic Sharia-based government.
When dealing with movements like that, I become more bullish towards Uranium. |
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