Jumaat, 27 Februari 2009

Islamic gold security expected in Dubai

Berita yang agak baik disini. Saya terbaca satu artikel di dalam forbes.com yang mengatakan Dubai akan memperdagangkan emas di pasarannya. Berita itu menyebut bahawa satu keselamatan perdagangan patuh shariah yang berlandaskan emas akan dilancarkan di Dubai minggu hadapan. Nampaknya para pelabur kini bergegas beralih arah ke emas sebagai langkah perlindungan akibat daipada puting beliung yang telah melanda ekonomi global dan juga sebagai langkah perlindungan di dalam menentang inflasi di masa hadapan. Dengan peningkatan emas melebihi $1,000 satu auns untuk pertama kalinya dalam tempoh hampir setahun pada minggu lepas, kebanjiran pasaran emas bolehlah diumpamakan sebagai "ingin mengaut keuntungan" dalam jangka masa terdekat.

Berita seterusnya:
"The Dubai gold security would comply with Islamic investment principles and offer regional investors a way to diversify into gold without actually buying the metal, sources said.
'It's a tradeable security,' said one source. He and others familiar with the plans declined to give further details ahead of the launch, citing regulatory restrictions. The head of the World Gold Council (WGC), the chief executive of Nasdaq Dubai and senior officials from the Dubai Multi Commodities Centre (DMCC) would be present at the launch on March 2, the sources said.

The WGC sponsors a number of gold-backed exchange traded funds (ETF) worldwide, accounting for about 85 percent of the market. ETFs are listed and traded like equities, giving investors exposure to the gold market without taking physical delivery. Sponsors buy the gold and store it."

Rabu, 25 Februari 2009

Gold could treat cancer?

Oh my god!!! If this really true, it certainly could be another benefit of gold!.. Who knows gold now could control cancer!

Adding small interfering RNA (siRNA) molecules to the surface of gold nanoparticles can help improve the ability of siRNA to regulate cancer genes, researchers have found.

The discovery has been made by scientists at Northwestern University and means that cancer researchers now have a relatively simple method of introducing the gene regulators into cancer cells, Nanowerk reports.

Those involved in the work found that in order to ensure the surfaces of the gold nanoparticles were free from nucleases, they had to use a stripping method.

However, this did not adversely affect the optical or physical properties of the 13nm nanoparticles, each of which contained an average of 34 siRNA molecules.

Earlier this week it emerged that tiny particles of the precious metal can be used as a bio sensor that will react when it comes into contact with cancer substances.

According to the Taipei Times, scientists at the National Chia Tung University believe further development could result in home testing kits being made available.

Source: Commodity online

Isnin, 23 Februari 2009

Innerscan: I'm looked 7 years older

Have you ever do wellness analysis with the innerscan? Didn't hear before? Mine as well. Better chek it up with this scan in clinic near you. What is innerscan? Well, innerscan basically is a tool to measure rough condition about our wellness of the body such as our fat, level of the water in a body, level of muscles, metabolisme etc). It's look like a normal weight scale to measure your weight but the difference is it also scan your body and it's connected/wired to the PC. This is the first time i saw it. what's pity on me..!:) This test wasn't planned before. It's unintentionally done.

I't happened when last saturday, i met a doctor to get treatment of cough and blocked nose after more a week infected (what a lazy i'm...), at Al-Azhim Polyclinic, Bukit Baru, Melaka. At first, i didn't ever intended to do the test. Luckily i got the doctor who was very considerate about my condition. She suggested to me to do.

Anyway here is the result:

total body fat (%): 25.3 (over; suggested only +-21)
total body water (%): 54.7 (normal..yess..)
muscle mass: large frame obese (means over..not good..ohh noo..)
Basal metabolis rate (BMR) 1851 (KCAL) 7746 (7746)
Metabolic age: 39 year old (this is what i meant!.. older 7 years of age..)
Bone mass: 3.3 (normal)
Visceral fat: 12 (level: bad!!) this is very important! it shows your fat level within and around stomach, organ, innerskin etc. This is the area that causes dangerous and common illness such as diabetes, hypertension, heart problem etc. What...? This a warning lamp to me. After the treatment, i was quickly go to sport shop to buy skipping robe!

p/s: I suggest to you to take the test now and it's free.

Ahad, 22 Februari 2009

Penggunaan emas: China bakal mengatasi India

Beberapa tahun lalu, China telahpun mengambil alih tempat Afrika Selatan di dalam pengeluaran emas dunia. Dan tidak lama lagi, China akan mengambil alih tempat India pula di dalam penggunaan emas. Nampaknya trend China untuk menguasai dunia semakin terserlah dan China telah menunjukkan minatnya seperti mana yang telah ditunjukkan mereka melalui pembelian emas pada tahun 2008 yang lepas. Menurut data World Gold Council, permintaan China terhadap pelaburan emas adalah tiga kali ganda pada tahun 2008 dan dijangka meningkat lagi pada tahun ini. Sebaliknya, permintaan India terhadap emas semakin merosot disebabkan harga emas yang berterusan naik sekalipun pada musim perkahwinan, orang ramai masih tidak membeli emas kerana kenaikan trend harga tersebut.

Sehingga sekarang China adalah pengguna emas kedua terbesar selepas India. Namun, jika trend sekarang di ambil kira dan ianya berterusan, China bakal meninggalkan India jauh ke belakang sedikit masa lagi. Pada tahun 2008, China telah menggunakan emas sbyk 395.6 tan bullion untuk dijadikan barang perhiasan dan pelaburan atau sekitar 14% daripada permintaan emas di seluruh dunia, meningkat daripada 327.8 tan pada tahun 2007. Permintaan emas di dalam pelaburan di China telah melonjak kepada 68.9 tan tahun lepas, iaitu sebanyak 25.6 tan pada tahun 2007. Jumlah penggunaan emas bagi India pula telah menurun sebanyak 14% kepada 660.2 tan pada tahun 2008, di mana pelaburan runcit bersih adalah sekitar 190.5 tan berbanding 217.5 tan pada tahun 2007. Pelaburan emas di China dijangka pesat kerana orang ramai melihatnya sebagai mekanisma pelaburan yang mudah difahami, tidak seperti sesetengah pelaburan yang lain.

Pengeluaran emas China pula telah meningkat sebanyak 11.5 tan (4.26%) kepada 282 tan pada tahun 2008. China Gold Association menyatakan bahawa negaranya telah menjadi pelombong emas terbesar di dunia pada tahun lepas. Menurut data daripada persatuan emas mereka, 46.4% emas telah dihasilkan di wilayah Shandong, Jiangxi dan Henan. China juga kekal sebagai pengeluar emas terbesar di dunia dan telah mengambil alih tempat Afrika Selatan sejak 2007 lagi dengan kapasiti pengeluaran sebanyak 270.49 tan. Perdagangan emas di Shanghai Gold Exchange juga turut meningkat pada tahun 2008 sebanyak 174.84% dengan nilaian 868.39 bilion yuan.

Tindakan bijak China ini sewajibnya diikuti oleh negara-negara Islam yang lain jika sekiranya menyimpan hasrat untuk menggunakan matawang dinar di dalam perdagangan antarabangsa mereka. Sesungguhnya, China bakal menjadi kuasa besar ekonomi dunia sedikit masa lagi. Maka tidak hairan lah Amerika sekarang pun sedang berbaik2 dengan negara China.

Sumber data: www.commodityonline.com

Jumaat, 20 Februari 2009

Why do you need to work when you can just buy shares?

Buying shares and bonds...it's done..you will be rich..forget about works..it's tiring and boring....The easiest way to accumulate profit is to issue debt then make yourself richer than before.. Yes..this is happening today!.. in our "beloved" financial system..!

Today's posting topic is the question posed by western mass when they takling about conspiracy of financial crisis in US that denarists already predicted for the last few years (or decades ago..). Now same case happened again and caught by authorities. This time the Texas billionaire Allen Stanford. He was charged with "massive" fraud involving his Stanford International Bank. The U.S. Securities and Exchange Commission accused Stanford of fraudulently selling $8 billion in high-yield certificates of deposit. They want to know how Stanford International Bank could earn profit without lending money.

The arrest of Sir Allen Stanford reminds of the case of Bernie Madoff. In December, 2008, he was charged with perpetrating investment fraud. Bernie paid returns to investors from their own money or money paid by subsequent investors rather than from profit.

And do you remember Arthur Nadel who was accused by federal authorities of defrauding clients of millions of dollars? Or Nicholas Cosmo, an investment-firm owner, surrendered to federal authorities. He earned over $370 million between 2006 and 2008 by promising investors 48% annual returns from funding commercial loans.

Bernie Madoff, Allen Stanford, Arthur Nadel, Nicholas Cosmo … Who is next? What is going on in this world? Why have investors started to lose their businesses and what to expect in the future? Can these events be a part of a big game that somebody plays?

For those who attended the gold dinar talk or conference or ever heard about this before, this is nothing to be shocked..

Is this really make you rich? think again..

Selasa, 17 Februari 2009

SC to remove ASN/ASB from syariah compliance investment's list

It is interesting to read the reply letter from SC (Security Commissioner) to remove ASN and ASB form their syariah compliance investment's list. This is apparently contradicting the Majlis Fatwa Kebangsaan decision that they have been endorsed before. Will Majlis Fatwa now reconsider their judgment? Can't wait the response..

Isnin, 16 Februari 2009

"Time value of money": satu penilaian semula terhadap hukum

Zaharuddin memperkatakan tentang keharusan mengiktiraf time value of money. Menurutnya majoriti ulama' membenarkannya. Hanya minoriti menentang. Saya tiada masalah dengan pendapat beliau. Namun, sedikit kurang yakin terhadap dalil yang dihujahkan. Saya akan memperkatakannya di dalam posting kali ini.

Sebelum saya pergi lebih jauh tentang isu ini, mari kita lihat apakah maksud time value of money. Time value of money ialah satu mekanisme untuk membenarkan masa itu dimasukkan ke dalam sebahagian kos barangan dan perkhidmatan. Dalam lain perkataan, masa adalah sebahagian kos di dalam penentuan harga sesuatu barangan dan perkhidmatan. Maka, jika masa itu lebih panjang, ianya dianggap penambahan kos terhadap barangan tersebut, dengan itu, harga akan menjadi lebih tinggi. Ini adalah juga pra syarat penting terhadap keharusan prinsip Murabahah di perbankan Islam.

Namun, sarjana barat awal-awal lagi mengatakan ianya interest dan ini takrifan mereka: The concepts of present and future value hinge upon the premise that an investor prefers to receive a payment of a fixed amount of money today, rather than an equal amount in the future, all else being equal. In particular, the time value of money represents the interest one might earn on a payment received today, if held, earning interest, until that future date. (source:wikipedia)

Adakah terdapat kekhilafan di dalam takrif?
Saya merasakan tidak sama sekali. Kedua-duanya sama iaitu meraikan kepentingan or "interest" seseorang atau sesuatu pihak di masa hadapan.

Adakah masa boleh dijadikan kos barangan dan perkhidmatan?
Suka dinyatakan disini, ada 4 syarat sesuatu itu dibayar (Meera, 2004):
1. Kerja yang dilaksanakan
2.Pekerja yang mahu bekerja
3.Bahan mentah
Maknaya 'masa' bukanlah sebahagaian kos dan bukannya termasuk di dalam pertimbangan untuk menentukan harga.

Hukum fiqh boleh berubah
Terdapat hukum fiqh yang bersifat ijtihadi di dalam prinsip perbankan Islam lalu banyak negara-negara tidak sependapat antara satu sama lain di dalam melaksana sesuatu produk perbankan. Antaranya ialah Bay' Inah. Hukum ijtihadi ini boleh berubah mengikut zaman dan keadaan bergantung kepada maslahah tertentu.

Dalil Ustaz Zaharuddin
Kebanyakan dalil yang diberikan adalah berbentuk pendapat ulama'. antaranya:

جَعل للزمان مقدار من الثمن
Erti : Penangguhan kerana untuk tempoh masa mempunyai kadar nilai di dalam harga

aya merasakan pandangan ini bukannya mengiktiraf time value of money seperti mana amalan perbankan semasa kerana tiada perkataan "penangguhan" di dalam teks di atas. Ianya mungkin kefahaman Ustaz Zaharuddin sendiri di dalam memahami teks.

Adapun dalil daripada hadis juga tidak juga menyokong konsep time value money.

عَنْ ابْنِ عَبَّاسٍ رَضِيَ اللَّهُ عَنْهُمَا قَالَ : قَدِمَ النَّبِيُّ صَلَّى اللَّهُ عَلَيْهِ وَسَلَّمَ الْمَدِينَةَ وَهُمْ يُسْلِفُونَ بِالتَّمْرِ السَّنَتَيْنِ وَالثَّلَاثَ فَقَالَ : مَنْ أَسْلَفَ فِي شَيْءٍ فَفِي كَيْلٍ مَعْلُومٍ ، وَوَزْنٍ مَعْلُومٍ، إِلَى أَجَلٍ مَعْلُومٍ .

Ertinya : Nabi s.a.w sampai ke Madinah dan penduduk Madinah membeli (menempah) tangguh tamar yang hanya akan diserahkan dalam tempoh dua tahun dan tiga. Lalu Nabi s.a.w bersabda : Barangsiapa yang ingin membeli secara tangguh (serahan barang iaitu belian as-Salam) hendaklah ia dilakukan atas barang yang diketahui, timbangan yang diketahui dan tempoh yang diketahui"(Riwayat Al-Bukhari, no 2086)

Hadis ini hanya menerangkan konsep bay Salam harus dilakukan dengan jelas apabila penerimaannya dilakukan pada masa depan. Sekali lagi, tiada perkataan untuk kenaikan harga dibenarkan melalui masa.

Saya berpandangan bahawa hujah yang dikemukakan oleh Us. Zaharuddin masih tidak dapat meyakinkan saya untuk menjadikannya sebahagian daripada legal commandmend kerana jelasnya tiada hadis yang menyebutnya secara jelas. Ianya adalah datang daripada intepretasi ulama' terhadap teks hadith dan jelasnya ianya adalah hukum ijtihadi. Saya berpandangan kita boleh membenarkan konsep time value of money tetapi bukannya atas prinsip ekonomi ataupun muamalah namun lebih kepada konsep darurat.


Ahad, 15 Februari 2009

Imported gold stuck in India

India, the world's largest gold demanding country in the world has stuck in buying gold when gold prices keep increasing since a couple month ago. The country that familiar with gold dowry while enganging marriage has dropped 89% to only 1.9 tonnes this year compared 18 tonnes in the same month last year.

source: Reuters India

p/s: I excited to wait any Muslim countries could follow India's step in accumulating gold.

Selasa, 10 Februari 2009

The theft of nations: returning to gold

Last weekend, due to the connection's inability of network at home, i was reading this book written by Assoc. Prof Ahamed Kameel Mydin Meera from IIUM. Even though, it was published 5 years ago, only last week, i have the opportunity to finished up the contents within 3 days. Overall, i found it is a good book for denarist and public who wanted to know specifically about the operation of current financial system and how's the wealth of developing nations has been stolen by foreign banks. At the same time the approach of the book is not too technical or mathematical approached that makes public difficult to understand. It's suited for all and just need a basic knowledge in economics such as fractional reserves system. Roughly, the contents are not so different of what he had written before in his book titled 'Islamic Gold Dinar', also published by Pelanduk Publication in 2002. This book is focused deeply on the current fiat monetary system and how the gold dinar can be implemented in a practical way in international and domestic trade and transaction. It is also added up some extra info about gold and asserted with several appendixes which is not found in his first book (Islamic Gold Dinar)

Here i quoted few words from the summary of the book that written at the back page of the book.
"This book is a critique of the the iterest-based fiat monetary system. It highlights the many shortcomings inherent in it, with regard to stability and justice. It reasons why the system is unsustainable, yet an easy tool for economic colonialism that had promoted the "theft" of individual nations by global power structure. As for solutions to the global monetary problem. two major movements seem to be taking place. One calls for the establishment of global central bank with a singleworld currency, while the other, fot the return to real money systems (as opposed to fiat money systems) like gold, commodity monies, complementary currencies etc."

Thus, i would like to recommend this book to all who get interested on this and feel concern about what is tragically happening nowadays in our economy. To UiTM students especially who now studying ISB 544 and ISB662 (Islamic Economic and Globalization) should read this book!

Jumaat, 6 Februari 2009

Seminar Dinar 2009 di Universiti Malaya

Persatuan Mahasiswa Kelantan Universiti Malaya akan menganjurkan Seminar Dinar Emas (DINAR '09). Maklumat berkenaan seminar tersebut adalah seperti berikut:

Tarikh : 21 Februari 2009
Hari : Sabtu
Masa : 9 pagi - 5.30 petang
Tempat : Dewan Kuliah Utama Akademi Pengajian IslamUniversiti Malaya
Tema : Revival of Gold Dinar - Duty of the Ummah

Pembentangan kertas kerja oleh :
1. Associate Professor Dr Ahamed Kameel Mydin Meera, Universiti Islam Antarabangsa Malaysia (UIAM)
2. Pn Nik Mahani Mohamad, Ahli Jawatankuasa Dinar Kelantan
3. Profesor Umar Ibrahim Vadillo, Perintis dalam Pengenalan Semula Dinar
4. YB Datuk Paduka Haji Husam Musa, Exco Kerajaan Negeri Kelantan Darul Naim

Yuran penyertaan RM50 sahaja!!! (Mahasiswa hanya RM35)



Untuk penyertaan hubungi Ainie - 017 4233014
Emel - dinar.pmkum@gmail.com


Moral in politic

Moral is something we do with sincerity. It's not because of the law is taking charge on it. It can't be pretended. Obeying the principles instead of the human law is one of them.

Politic is all about democracy to be implemented. Because politic wasn't born accidentally. It has its father. The father that we called "democracy".

Democracy is a voice of people. The only right of they have. The right that should be respected. In whatever reasons, this right can't be sacrificed by those who claimed "politicians"!

Khamis, 5 Februari 2009

Bubbles mentality

In somehow, the economist of the authority had always been failed to escape bubbles mentality in their mind. This bubbling mentality among them couldn't think something better except to inject millions or even billions money into the economy. With the current financial system that promotes credit plus interest, injecting money through bonds and securities issuance can always make economic conditions become worse. Issuing them (bonds and securities) means borrowing money from the rest of the world and again to pay back is not an easy. In reality, it's never been paid, thus creating bubbles in economy.

Not few economists realizing this phenomena that so called disaster. John Turk and other commentators condemned the action of Federal Reserve about this trend of money's injections. I was interested while reading their comments in this issue.

Den Denning said about this "When the Treasury issues bonds, it's borrowing money from the world's savers. That crowds out private investment, but is not really money printing. True, it steals from future income and sends interest and principal payments to bondholders outside the U.S. But that is a kind of monetary time travel, rather than monetary alchemy.If the Fed, on the other hand, moves to keep a lid on Treasury yields by buying them in the open market, it will likely do so with money in wishes into existence. There's no place like credit! And don't think this will go unnoticed by the precious metals gang loitering on the corner, and its leader, Gold. Here's a prediction for you: gold and its precious metals brothers in arms (silver, platinum, and palladium) will absolutely ambush the dollar this year if things keep playing out the way they are.

Ahad, 1 Februari 2009

How Large is the US Federal Debt?

It's very interesting facts to share though it's been realised for long time for certain people. I excerpt it form Mike Hewitt imagination..! (but a true fact indeed)

At the time of writing this article (3rd December 2008), the current US Federal Debt stands at $10.7 trillion. The sheer magnitude of that figure is difficult to comprehend.
In order to illustrate just how large that number is, consider the following...

The size of a dollar bill is 6.6294 cm wide, by 15.5956 cm long, and 0.010922 cm in thickness. It would take approximately 96,721,648 dollar bills to make up one square kilometre.
The volume taken up by these dollar bills would be 12,068,253 cubic meters. This would fill over 90% of the largest building in the world, the Boeing Plant in Everett, Washington designed to assemble Boeing 747 planes.
If we were to cover an area with enough dollar bills equal to the current US debt it would have an area of 110,493 square kilometres which would nearly cover the entire state of Virginia!
When stacked, the number of dollar bills required to represent the US debt would be 1,167,243 km high. This is about 3 times the distance to the moon!

Laid end to end the dollar bills would measure 1,664,460,767 km which is longer than the distance of Saturn at its furthest point from the Sun. Uranus is 2.974 million kilometers away from the sun (about $19.1 trillion required).

Thought of in this context, we can truly say that the US debt is astronomical!