Lagi respon kepada pandangan TDM

Komen dari Blumbee..
"Sesiapa sahaja yang masih mengganggap emas dan perak sebagai komoditi bermakna orang itu tidak faham lagi apa yang di perjuangkan dalam dinar dan dirham. Konsepnya mudah dan simple je wahai sahabat, bila nak memartabatkan dinar dan dirham jangan kaitkan langsung dengan WANG FIAT. Ingat bila kita dah gunakan dinar dirham, wang fiat tak ada ruang lagi untuk digunakan.

Kalau tak inilah yang akan terjadi, statement yang kelakar akan keluar. Nilai sebenar emas bukan pada USD tapi pada emas itu sendiri dan pada beratnya, sebab itulah bawa emas ke mana-mana tempat pun Insya Allah akan laku. Bila dah beli emas tu simpan je terus, jangan terperangkap dengan permainan Buy Low Sell High ni. Permainan macam ini menyebabkan anda mempunyai intention mengagungkan Wang Fiat, jauh sekali nak mengamalkan wang sunnah.

Kenapa mesti nak kaitkan USD dan Emas? (1USD = 1/1400 ounce) Sapa suruh hangpa buat koin 1/1400. Ikut ajalah apa yang ada pada zaman Rasullullah (dinar, dirham & fulus). Itukan sunnah. Yang kita nak ikut cara Yahudi juga buat apa. Nak juga kaitkan Dinar dan USD. Ingat, Wang Fiat ini adalah propaganda Yahudi supaya manusia menyangkakan duit kertas inilah harta yang sebenar dan ramailah orang yang telah tertipu dengannya.

Tidak praktikal ker guna emas dan perak? Cuba bawa 1 kg emas masuk dalam poket, muat tak? Cuba pula bawa cash RM160,000 (Harga FGJAM) masuk dalam poket, muat tak? inilah statement yang kelakar dan ada pula orang nak menyokong. Kesian....

Harus di ingat, saban hari value duit kertas semakin menyusut. Nilai 1000 USD tahun 1970 kita boleh dapatkan dinar sebanyak 200 keping dinar emas tapi 1000 USD sekarang kita hanya boleh dapatkan 5 keping dinar sahaja. Bukankah ini sudah jelas??? Kenapa harus kita mengagungkan wang kertas, kenapa harus kita menjual emas yang kita ada kerana jelas sekali lambakan Wang Fiat inilah yang merompak nilainya.

"There is no such thing of Islamic Banking, apa yang Islam saya pun tak fahamlah. Tak payahlah perah otak mcm mana nak Islamkan Bank sebab sistem perbankan ini pun orang-orang yahudi sendiri yang cipta. Kita kan ada Baitulmal dan Institusi Zakat, ini yang harus kita kaji dan peranannya dipelbagaikan. Zakat itu sendiri adalah salah satu daripada 5 rukun Islam. Penciptaan Bank ini sebenarnya adalah satu cara menghalalkan konsep Aloong, business base on interest, malah lebih teruk dari Aloong. Sebab itulah Yahudi tak menentang bila orang Islam cipta Bank Islam, konsepnya sama saja macam Bank Konvesional. Cuma nama je tukar pada nama Arab. Islam lah sangat tu...

Pada saya ucapan Tun tu bukannya ucapan Anti Dinar tapi ucapan orang yang tak faham tentang perjuangan Dinar & Dirham. Beliau sendiri tidak dapat membayangkan dunia dinar dan dirham tanpa ada fiat money. So kepada orang-orang yang dah bertemu dengan Tun tu terangkanlah betul-betul, kasi beliau faham. Bukannya nak ambil hati je. Kesian dengan ucapan beliau yang kekanak-kanakan."

Why money should be in gold? A response of TDM's opinion

I read this article. I quote what TDM has said through the article.
"Backing currency with gold does not make it Islamic, former prime minister Tun Dr Mahathir Mohamad said on Tuesday. He said it became Islamic only if transaction in the currency did not involve interest or riba. "It is not the name that is important. It is the gold backing for the currency, whatever may be its name," he said in a keynote address at the Global Islamic Finance Forum 2010 here.He said there were repeated suggestions for the use of gold dinars, and Muslims bankers must not be moved by sentiments alone.He said people needed also to be conscious that gold prices could change and its value in different countries would differ."If we use gold as a currency domestically, the purchasing power will differ with different countries. Besides that, its bulk makes it unsuitable as currency for everyday use," he said.
There is a time to support him. But this time i don't think so. I would like to come up these questions so that people could aware why this time i disagree with him.
1. Does fiat money carries interest? Absolutely. That's why money should be in gold.
2. You go to the bank, borrow RM100, do they allow you to pay back RM100? Absolutely can't. That's why money should be in gold.
3. Are we feel safer to carry 1 kijang emas or RM4,000 in your pocket? For me, surely i will carry an a ounce of gold. It's just a size of 50 cents coin. Still not practical?. I suggest this.
4.Gold prices change every day thus make them unsuitable as currency? Gold price changes because we measure them in fiat money. Gold prices will not be changed frequently if the measurement of gold is not in fiat money. The gold price should be freed from any fiat money measurement. I know it's impossible for time being but to say that gold prices are changing every day because of gold itself is not really true. The true is because the influence of world currencies that also changes.
5. The changes of gold price bring about the good things. It eliminate the power of manipulation in few hands thus make individuals greater in determining prices and it should be like this in the real economy.

Dinar and dirham booth opened in IID SE 2010 competition

After 2 and half days of the exhibition at Invention, innovation and design - Special Edition 2010 since last Tuesday, now it's come to the end where today will be announced the result for the competition. It was a great experience to be here with all the inventors of their own and to know what exactly the real and practical requirement from the market. For time being, I've done my job in exploring the potential of dinar and dirham and it's up to the judges to give which color of medal they preferred.

With my partner Us. Saufi at Dinar booth

With partner at dirham booth

Giving the explanation was a tough job sometime.



The team with Pengarah and Timbalan Pengarah UiTM Segamat Campus

Student to explain gold dinar and silver dirham...well done!

If our students could explain gold dinar and silver dirham as what Saffawati had explained is more than enough. Simple and understandable.

Dinar emas perlu kepada "iman"

Saya banyak baca komen-komen pembaca di laman blog Chedet apabila bekas PM itu memperkatakan tentang entry beliau yang bertajuk "Dinar Emas 2". Bekas PM itu berkata bahawa beliau hanya mencadangkan penggunaan emas dalam perdagangan antarabangsa antara 2 buah negara yang berdagang sesama sendiri dan bukannya penggunaan emas dalam transaksi harian. Tak mengapalah, itu cadangan beliau. Mungkin tahap keimanan beliau terhadap dinar emas setakat level itu sahaja. At least, beliau dah memeparkatakannya. Namun, beberapa komen terutamanya daripada Arzim Naim, Chartered Islamic Finance Professional (CIFP)adalah kurang tepat apabila cuba membandingkannya dengan amalan perubatan. Beliau kata:
"The misconception of gold dinar link to the religious dogma must be corrected. I want to use the analogy of this misconception from the uses of anesthetic in medical surgery. The anesthetic substance was found in 16th century and only to be used in medical surgery in early 19th century. This is because of the religious dogma saying that one needs to endure the pain without any reliance to anesthetic. I believe, the application of gold dinar chip as currency is just a pure religious dogma in the modern economic literature or just a form of identity clash to show that I am more Islamic than the others. It reminds me to the story of Pakistan when they were separated from India. In order to show to the world that they are different from its counterpart (and should have a new identity) and to be seen more Islamic, thus, the late General Zia ul-Haq in 1970s determined to have full Islamic economic system disregarding the conventional economic system that relied on interest-based (usury) endorsed by the predecessor in just one night without any proper planning."

Kenapa kurang tepat?
Yang pertama, dinar emas adalah sunnah Nabi, kenapa ianya tak boleh dianggap sebagai dogma? Menerusi beberapa kajian dan support daripada ayat al-Quran, apabila tidak menggunakan emas sebagai matawang, transaksi akan mudah menjadi riba. Lihatlah apa yang berlaku dalam dunia kewangan sekarang? Duit atas duit, tidakkah riba begitu? Inilah natijah daripada seseorang yang sudah bergelumang najis tetapi tidak tahu bagaimana hendak membersihkannya.

Yang kedua, analogi perubatan dengan dinar tidak tepat kerana amalan perubatan Rasulullah adalah ayat-ayat al-Quran, air penawar, kebersihan dan pemakanan-pemakanan tertentu dan ianya kekal releven sehingga sekarang. Apabila manusia meninggalkan sunnah maka pelbagai penyakit akan timbul. Banyak kajian membuktikan manusia berpenyakit adalah sebab pemakanan yang mereka ambil, maka dengan menjaga pemakanan secara betul maka penyakit akan dapat dihindari. Adapun amalan perubatan yang canggih hanyalah selepas itu. Kurun ke 16 hingga kurun ke 19 adalah hasil perkembangan teknologi perubatan, dan walaupun ianya baik untuk perkembangan kesihatan manusia, kedua-duanya masih tidak lagi boleh disamakan dalam kekuatan autentiknya.

Ketiga, walaupun Islam membenarkan penggunaan dadah dalam perubatan, tetapi kadarnya haruslah amat minima bukannya berlebihan (mengikut kadar-kadar tertentu yang dibenarkan), tapi persoalan yang maha penting adalah, adakah ia jalan terbaik dalam penjagaan kesihatan? Sudah tentu tidak! Yang terbaik adalah mencegahnya dahulu sebelum sakit. Inilah yang Islam anjurkan melalui amalan-amalan Nabi yang diperkatakan tadi. Bila sudah sakit pelbagai perkara terpaksa dilakukan termasuklah penggunaan dahda mahupun benda yang tidak halal kerana keadaan ketika itu memaksa (keadaan darurat).

Keempat, dogma yang dikatakan beliau iaitu "This is because of the religious dogma saying that one needs to endure the pain without any reliance to anesthetic" tidaklah diketahui mana sumbernya. Adakah ianya sumber sunnah mahupun Quran? Jika bukan dari keduanya, mana mungkin ia boleh diangggap DOGMA!

Wahai Arzim, saya tahu anda amat profesional dalam membicarakan realiti kewangan namun percayalah sistem yang anda mahir itu adalah satu perangkap terus menerus dari pihak tertentu untuk terus mengekalkan umat Islam dalam pengamalan riba.

Alasan memang cukup banyak untuk tidak merelevenkan penggunaan dinar namun keimanan lah jua sebagai penentunya.

DTC shined with gold award

Dinar Transaction Card won gold medal yesterday invention event (26th August)held at Invention, Innovation and Design (IID)exhibition, UiTM Johor. This is the second time for dinar based product has been recognized since its debut in the last year competition that also has taken away gold medal. Seems like a good start for dinar based product..Insya Allah the product will be contested in Shah Alam somewhere in this October.

Dinar, dirham boleh runtuhkan ekonomi Yahudi

Oleh: Wartawan Kita

KOTA BHARU, 26 Ogos: Datuk Husam Musa berkata, penggunaan sistem dinar dan dirham secara tidak langsung akan memberi pulangan ekonomi yang lebih tinggi kepada umat Islam, sedangkan golongan Yahudi semakin runtuh.

“Kerana itu mereka sedaya mungkin akan menghalang serta mengkritik dengan pelbagai dakyah untuk menakutkan umat Islam sendiri yang ingin menggunakan sistem terbabit,” ujarnya.

Justeru itu, katanya golongan Yahudi serta penentang agama Islam yang lain sehabis mungkin akan menentang umat Islam menggunakan mata wang syariat dinar dan dirham, kerana sistem itu akan merugikan mereka.

Pengerusi Jawatankuasa Perancangan Ekonomi, Kewangan dan Kebajikan Masyarakat Kelantan itu berkata, sekiranya umat Islam akan bersatu menggunakan Dinar dan Dirham dalam urusan jual beli, golongan tersebut akan mengalami kerugian yang tenat.

Beliau berkata demikian ketika meraikan rombongan Persatuan Maahad Tahfiz al-Quran Malaysia (Permata), yang diketuai pengerusinya, Ustaz Nazaruddin Jalaludin.

Permata dalam rangka pertemuannya dengan Husam untuk menyatakan sokongan pihak berkenaan terhadap penggunaan Dinar dan Dirham.

Pada masa yang sama, Permata bercadang untuk membayar gaji menggunakan kaedah itu kepada kakitangannya di seluruh negara.

Beliau seterusnya memberitahu, Dinar dan Dirham bukan mata wang, sebaliknya seumpama penukaran barang belian seperti kupon dan cek sebagai alat kewangan.

“Kalau kita boleh membeli barangan di majlis-majlis tertentu menggunakan kupon, kenapa Dinar dan Dirham tidak boleh, sedangkan ianya disebut sendiri oleh Allah dalam al-Quran,” ujarnya.

Beliau bagaimanapun berkata, kerajaan negeri akan memberi penerangan secara hikmah kepada mereka yang tidak memahami perkara itu.

Nazaruddin ketika berucap pada pertemuan itu memberitahu pihaknya akan menggunakan Dinar dan Dirham sebagai bayaran gaji kepada kakitangannya.

Jelasnya, walaupun ianya tidak dibayar sebanyak seratus peratus menggunakan sistem tersebut, namun sekurang-kurang ia akan dilaksanakan sebagai menyatakan sokongan pihak mereka terhadap usaha kerajaan negeri.

Pada masa yang sama, pihaknya juga akan turun ke bawah untuk mengadakan ‘road show’ bagi memberi penerangan kepada rakyat berhubung perkara itu.

“Ramai yang masih kabur berhubung perkara ini,” ujarnya.

Sehingga kini, sebanyak 58 buah sekolah tahfiz di seluruh negara bergabung di bawah Permata.

Dianggarkan sebanyak RM30,000 hingga RM70,000 dibelanjakan setiap bulan untuk pengurusan dan pembayaran gaji kakitangan guru di bawah Permata.

Dinar Transaction Card

After Dirham Point of Sale been invented and then presented at UiTM Melaka last week, now another commodity money system came out that called Dinar Transaction Card (DTC).The DTC will be contested and exhibited at IID exhibition UiTM Johor on this coming Wednesday and Thursday. All invited to see how this product works!

Kenapa dinar dirham ditentang bank negara di Kelantan?

Saya terbaca berita ini di harian metro.

Reaksinya boleh pelbagai.

1. Jika anda ahli ekonomi di BNM (atau seumpama dengannya), jawapannya lebih kurang begini:
Jika dinar dirham digunakan di pasaran bermakna ringgit akan jatuh nilainya kerana akan berlaku penurunan dalam permintaan ringgit. Akibatnya ekonomi negara akan runtuh.

2. Jika anda ahli politik di BNM (atau seumpama dengannya),jawapannya lebih kurang begini:
dinar dirham tidak boleh diguna pakai kerana ianya melibatkan polisi dasar sesebuah negara.

3. Jika anda ahli kewangan di BNM (atau seumpama dengannya), jawapannya lebih kurang begini:
Dinar dirham adalah tidak sesuai diperdagangkan di pasaran kewangan dan modal. Tiada mekanisme yang utuh dan jitu buat dinar dirham beroperasi dalam dunia yang praktikal.

4. Jika anda ahli pelaburan dan perniagaan, jawapannya lebih kurang begini:
Melaburlah dengan emas dan perak nescaya anda akan memperoleh untung berlipatkali ganda dan masa depan anda cerah


Ketahuilah, kesemua alasan yang diberikan itu hanyalah mind faculties' barriers tahap gaban yang sedang melanda umat masa kini. Mereka buntu dan tidak nampak jalan pulang sungguhpun mengakui kelebihan dinar dirham.

Jawapan pertama adalah golongan mereka yang tidak menggunakan otak kiri mahupun otak kanan, kemungkinan besar otak belakang kerana mereka ini tidak boleh berfikir dalam kerangka luar. memang ringgit akan mengalami penurunan nilai tapi sebagai gantinya adalah penggunaan emas dan perak secara besar-besaran dapat dilakukan dan semua orangtahu akan nilai emas sekarang yang mencanak tinggi. kalau ikut logik mana boleh ekonomi runtuh sedangkan kita mempunyai aset berlipatkali ganda nilainya!!

Jawapan kedua pula tidak perlu dijawab kerana mereka ini tidak tahu manapun kerana mereka ini bergantung kepada informer peringkat executive yang duduk dibawah mereka. kalau nak jawab juga, kita boleh jawab dengan persoalan, kenapa? polisi tak boleh diubahkah?

Jawapan ketiga pula adalah antara jawapan yang boleh diterima dan musabah kerana mereka ini adalah berkaitan logik dan mereka amat betul. Dinar dirham memang tak boleh hendak dilakukan dalam kerangka sistem yang sebegitu, so dinar dirham kena buat sistem sendiri.

Jawapan keempat pula no comment sebab dah ramai rakan-rakan terlibat. Cumanya kita semua kena ingat, bila kita memperdagangkan dinar dan dirham, kita sebenanrnya melambatkan proses pengembalian fungsi asal dinar dirham kepada fungsi mereka yang hakiki iaitu bertindak sebagai transaksi barangan dan perkhidmatan.

Tepuk dada tanya ilmu akhirat masing2.

Kelantan state launches Islamic currency

A good news about dinar today..
Excerpt from AFP news.

A Malaysian state on Thursday launched the Islamic dinar and dirham as an alternative currency, allowing the golden and silver coins to be used as legal tender alongside conventional banknotes.

Authorities in northern Kelantan state, which is ruled by the Islamic opposition party PAS, said the Islamic currencies would be used in many shops in the state in addition to the national currency, the ringgit.

"We have over 1,000 shops that have signed up to our campaign and agreed to accept the dinar and dirham for the purchase of goods," state cabinet minister Husam Musa told AFP.

He said signboards have been erected in the main market in the state capital Kota Bharu to show the conversion table between the dinar and ringgit, and participating shops will display stickers to encourage people to use the coins.

"The response has been very positive and all the coins which were worth a total of 2.0 million ringgit (629,000 dollars) have been sold out at the launch today," said Husam, who is in charge of economic and finance planning.

According to Islamic law, the dinar measures 4.25 grams of gold, while the dirham is 3.0 grams of pure silver.

A golden coin is equivalent to about 582 ringgit (183 dollars) while the silver coin is worth around 13 ringgit but their values fluctuate according to market prices.

Husam said the dinar and dirham currencies can also be used dealings with state goverment agencies, such as paying "zakat", or alms for the poor.

There has been a long debate in Malaysia, a Muslim-majority country with large ethnic Chinese and Indian communities, to introduce the coins as legal tender nationally.

Former premier Abdullah Ahmad Badawi, whose administration promoted a moderate form of Islam that emphasised economic and scientific development, shot down the proposal to use the Islamic currencies.

But his predecessor, Mahathir Mohamad, was an advocate of the dinar system and urged Muslim countries to use it as a trade instrument.

The debate has died down since current Prime Minister Najib Razak came to power last year

Jangan samakan intan dan kaca

1. The rejection of fiat money is not only because of the system itself. It's more than that. I have spoken about this a year ago in this blog. You may read here. Some of us may thought if the system could be treated correctly, whatever monies (either fiat or commodity) used could be a medium of transaction. I think let's we take a look at a glance of history of financial system before we could agree.

2. By looking back to history (in 1920's), we found the system was superb and tremendously excellent which was gold to be kept in a secure vault and only a piece of guaranteed and redeemable paper to be practiced during transaction.

3.General idea is good but due to the regulation of the system was human made; weaknesses easily occurred. The 'self-temptation' of ordinary man suddenly was appeared (bad deeds and behaviour such as greedy, power craziness etc are among the biggest one) and started to conquer and disturb the rationality of human, thus, leads to a failure in 1970's. It is an excellent at the beginning but not the ending. That's how the past was telling us. Should we create another failure in the future?

4.People can't be able to make themselves sustainably good in all time. Allah knows better His creature. The gold and silver are likely to be a self guidance in financial sector and automatically remove the unnecessary interruption made by man directly or indirectly; intentionally or unintentionally. The history's evidence told us that people-money relation are always irregular among each other.

5. Every creature created by Allah is not useless. The gold and silver treasured under the ground is not for nothing.

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.

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!

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)

PENYERTAAN DIKHUSUSKAN UNTUK MAHASISWA DAN PENSYARAH UNIVERSITI.

PENYERTAAN DARI ORANG RAMAI DIALU-ALUKAN....

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

Sumber:http://dinarpmkum.blogspot.com/

UiTM Gold Dinar Conference: "A new paradigm?"

Last Wednesday, audience have been revealed a secrecy of current system of what western scholars claimed it's a system that can last forever. The realised "secret" of our financial and banking system that totally based on the credit has been created and planned for so long seemingly eroding and becoming extinct supported by numerous unsolved crises in economy. Recession, unemployment, inflation, doom, bubbles and dozen of other terms are seems to be irrelevant in establishing a fair and stable economy.

Once again, Mr. Abdul Halim, as usual who is the determining speaker at that night, was successfully delivering a crucial information about the current situation that waves our economic activities particularly through banking industry. This is so called "new paradigm" for certain audience who are probably listening for the first time about the corruption that planned by zionist through usery-riba mechanism that rooted in our banking and financial systems for quite long time. The solution is so easy, switch to gold dinar. Of course the implementation will be facing tougher challenge especially in convincing Muslim countries to engage between them. But once it can be applied, the current interest based system will face a very big crush. Since then, who's care about America..? Only producing country will survive.. not a lending country!

The MC, Ustaz Nawawi, cherished person

Welcoming speech

Me and the speaker, Mr Halim

The crowds

Token of appreciation

GOLD DINAR: THE CAPABILITY OF STABILIZING PRICE FLUCTUATION

You may download the full paper about this topic here

Seminar Dinar Emas

Seminar Dinar Emas has now back to its track to be held on 21 January 2009 in LT 1, UiTM Johor since its been suspended quite some time. All residents in near UiTM Johor are invited to attend and participate in this seminar. The details of information about the seminar as stated below:

Date: 21 January 2009
Day: Wednesday
Time: 8.00pm
Venue: LT 1
Speaker: Mr. Abdul Halim Abdul Hamid (Multimedia University)
Paper to be presented:"Armageddon of the USD and the Worlds fiat money"

Contents covered:
-what is fiat money,
-the USD hegemoney,
-agenda behind the introduction of fiat money,
-the constitution of Fed. Reserved Banking system,
-the fallacy of SRR (Statutory Reserved Requirement) and Money multiplier,
-the misleading economic terms such as inflation,
-who's behind the corrupted plan,
-and how the dinar and dirham can help to solve the current doomed economy of the world.

Zubair Hassan against Ahamed Kamel Mydin Meera's stand in gold dinar?

vs

I read paper through MPRA (Munich Personal ReREc Archive) written by Prof Zubair Hasan from IIUM about gold dinar. I think he is the one scholar who is not agreeing about gold dinar to be implemented. You could see his paper here. He strongly disagree about gold dinar. His paper titled of "Ensuring exchange rate stability: Is return to gold (Dinar) possible? continuously arguing of what have been researched and proved by Ahamaed Kamel Mydin Meera about gold dinar and fiat money. Meera who is now currently assoc prof in IIUM and becoming full prof in a very soon has been refused by Zubair in all ways and models that has been developed by him (Meera).

I pose Zubair's arguments on Meera's papers.

1st argument (on Meera's book titled of The Islamic gold dinar:2002):
In Zubair's part of the paper particularly in the literature review, he argued about fiqhi matter regarding gold dinar. He questioned Meera's paper about the commandment of implementing gold dinar is not necessary to be compulsory. I quoted what he said, "Is the using of gold dinar (or gold) as money a Shariah obligation for Muslims? Moreover, he was taking lower rank status of evidence by only according to what has said by Haneef and Barakat (2006) compared to Meera who is straightly taken the sunnah in enlighting discussion.

In his paper, by mentioned again Haneef and Barakat (2006), he stated that some of the scholars argued that only gold and silver can be used as money. Others maintain that there is no such compulsions: materials other than gold and silver could also be used as money.

2nd argument (on Meera's paper titled of "Seigniorage o fiat money and the maqasid al-Shariah: the unattainableness of the maqasid)

In this Meera's paper, again he refused to believe that fiat money system is not compatible with the objectives of the Islamic Shariah by redifining his own understanding about the of seigniorage. He said "seigniorage meant something claimed by the soverign of a feudal lord as his prerogative in relation to society. In the context of money, it was the percentage share of the crown in the bullion people brought to the loyal mint to get converted into coins. Now-a-days the term is aplied to all money, incluidng the credit banks crete. Such extension of the term is not appropriate. People do not pay for printing of notes the central bank issues. The objective is not to enrich the crown."

The 3rd argument:
He argued by questioning "Is the fiat money system inherently more unstable compared to the gold-based exchange rates? His taken the words from Paul Einzig to enlight his discussion by stating that prices in the world have been rising over the past five thousand years; the upward legs of the cycles tended to grow longer, and downward turns sharper, while the bottoms were agonizingly broader, recovery being slow and painful. Money incomes not necessarily money supply tended to expand faster during inflation than rel economy. Proving that fiat money system is inflationary does not cut much ice; one must, in addition, bring evidence from the history of gold standard to show that things were better under that system. Unless one juxtapose comparative pictures, one is not on firmer rounds."

Any denarists would like to counter back his arguments? Please read Zubair's research paper to know better about him.

That's why i mentioned before the gold dinar is not just system but the need of our belief!

3rd IBBC 2008 in UMS

On last 15th to 17th, I was in UMS, Sabah attended and presented a paper in 3rd International Borneo Bussines Conference (IBBC). This is the first time i went there and i had some new experiences. A bitter and nice one's.



The topic i had presented is "The applicability of Gold Dinar in hedging prices". Basically, this paper proves the stability of gold dinar compared to US dollar in stabilizing prices. Three main commodities have been chosen to be analysed which are oil prices, consumer goods prices and construction prices. The data was taken from National Statistical Department and the research year is between 1996 to 2005.


Findings shown that, gold dinar is succeed to stabilize prices compared to US dollar. You can see to this graph below.

You see..how stable it is (gold dinar..)!

Dinar atau dollar: Kembalilah ke dunia nyata..

Ada yang mempertikaikan pendirian saya tentang dinar. Ini kerana artikel sblm ini saya mempersalahkan OPEC yang boleh menjadi penyumbang kepada kemelesetan ekonomi jika harga minyak dinaikkan. Namun, konteks yang diketengahkan dalam artikel tersebut mungkin agak kurang difahami.

Pertama: Saya mengetengahkan perubahan secara artificial. Dlm kes ini, sekatan terhadap perkara fundamental dengan niat untuk naik harga adalah suatu bentuk perubahan yang artificial dan inilah yg saya maksudkan sebagai keji. Namun dalam sesetengah keadaan, kenaikan secara artificial adalah dibenarkan seperti kuota dan cukai import dgn niat untuk melindungi industri tempatan.

Kedua: Walaupun saya memperjuangkan dinar, namun saya harus sedar, saya hidup dalam dunia yang realiti. Apabila hidup dalam realiti sebenar yang mana dunia tidak atau belum mengkehendaki sistem tersebut, pandangan dan tindakan kita mestilah praktikal. Dalam kes ini, sentimen pembelaan mengatasi teori rompakan (seperti yang didakwa). Maksudnya di sini ialah pembelaan terhadap negara-negara miskin yang juga ramai daripadanya negara Islam perlulah diberi perhatian dan keutamaan. Apabila harga minyak naik, bagamana nasib golongan seperti ini? Bagaimana nasib golongan peniaga? Bagaimana nasib golongan pengguna? Inilah fokusnya. Walaupun akan ada mengatakannya itu adalah penyelesaian jangka pendek, namun hakikatnya itulah penyelesaian yang realistik. Jika tidak, takkanlah ramai yang terpedaya dengan idea penurunan minyak 50 sen bila bertukar kerajaan..

Persoalan yang lebih penting utk kita amati sekarang, bagaimana nak jadikannya (dinar) realiti? Tiada gunanya menyalahkan dolar jika negara2 seperti OPEC dan negara Islam terus mempertahankan dolar itu sendiri. Jangan kita berangan2 nak gunakan dinar, jika Arab Saudi, Kuwait, Bahrain, UAE, Qatar etc bermati2an mempertahankansistemnya (dolar). Jangan salahkan Amerika yang berani mencetak duit, kerana kita juga yang mengiktirafnya. Jgn salahkan Amerika kalau Ms nya tinggi jika semua pelosok kerajaan seantero dunia tetap demand kepadanya. Jangan cakap pasal dolar akan runtuh, selagi kita tiada ikhtiar untk menggantikannya. Mengapa salahkan dolar, jika kita masih lagi berterusan menyimpan dolar dalam kantung reserve negara. Mana emasnya..?

Pernahkah kita bertanya kepada Bank Islam kenapa mereka tiada gold bullion mereka sendiri?, Pernahkah kita bertanya kepada diri sendiri bagaimanakah sistem dinar boleh diterima ramai? Pernahkah kita bertanya kenapa mereka tak mahu guna piawaian dinar dalam transaksi? Apa lagi yang tak cukup pada dinar? Apa yang kurang pada dinar? Please try to be practical. Bukankah Islam itu Waqi'iyyah sifatnya?

Oleh kerana Islam itu Waqi'iyyah lah, penulis menulis artikel tersebut. Dan atas dasar itulah, insya Allah, penulis akan membentang 3 lagi kertas kerja iaitu masing2 di Sabah, Kelantan dan jika ada rezeki di Mesir pada bulan 3 nanti. Dan kesemuanya tentang aplikasi dinar dalam perbankan dan kewangan semasa. Namun persoalan yang ultra penting, cukupkah sekadar itu? Tepuk dada tanyalah ilmu, iman dan tindakan kita...