Wednesday, September 22, 2010

Discussion About Dinar and Dirham Currency at Umar Vadillo’s FaceBook

In his profile Umar Vadillo wrote:
“Some people think we are just selling gold and silver coins, but they are wrong -they are only looking at the surface in which they dwell. If they had Taqwa they would reflect on their own sickness and join our common struggle fisabilillah to spread Trust in Allah, our firm belief in the unremitting authority of His Commands, and our unshakable commitment to join Allah and His Messenger in His war against Riba.”
Some Muslims agree with what Umar wrote, while others don’t.
Some who disagree such as Adrian Chin wrote:

“‎( If I can reduce my production price, why should I sell at lower price if t…here are willing buyer to buy at higher price, so I get more profit? ) — Liang, that defeats the purpose of the holistic mission here, doesn’t it ?”
My answer is:
“@Adrian: Could you calculate the US Dollar’s price (or any other paper money) exactly?
In my calculation, the price of paper+ink+cost of printing a US$ 100 < 0.001 gram of GOLD. But how come a US$ 100 PAPER worth>2 grams of GOLD?
And why many people still like to use US Dollar? Could you explain it to us Adrian?”
Liang Ng also wrote:
Liang Ng
Adrian: the answer is no. From what I understand so far (I hope I don’t disappoint Umar) profit is legal from the point of view of Islam (http://quran.com/2/275)
The problem is when a market does not exist, there is monopoly, or cartel, so there is no “fair price”.
Therefore we really need to have a Gold Market/Exchange like London Bullion Market Association and Shanghai Gold Exchange in Malaysia and elsewhere.
My answer is as follow:
Agus Nizami In Indonesia at least there are 2 Dinar and Dirham issuers: wakalanusantara.com and geraidinar.com
Enay wrote:
Enay Sunarman war against riba ? yes …. i agree …. lanjutkan saudaraku
Adrian wrote:
Adrian Chin
Agus, I suppose people like USD is because everyone recognizes it as a currency to use, as also Euro, Yen, and a few others
As to the cost of the value of the US100 note, costing only a few cents to print, who cares ? As long as people are happy to note its value that’s printed.
As for the dinar and dirham, to me, the interest is not in the value of what it is actually, but the cost of forgery, after a while, when it picks up. The RM1 coin was so well forged, that the Govt had to pull it off the market after a few years. So I figure, if the dirham and dinar are not legal tender, then it’s free for all for everyone to forge.
After so many postings, some replying to me, and many not, you are the first person who actually gave me numbers to validate a reason of some kind, so I’m sharing with you what I had in mind. Now you all know eh. Since the purpose is to create an alternative “currency” for trade, with the dinar and dirham, my reasoning is, you need the forgers to come in on the industry, to really propagate expansion of this. I’m looking at it from a software perspective. There’s probably a reason why there are more Windows OS systems than Apple powered OS out there, and in my opinion, counterfeit Windows OS, plays a large part in propagation of Windows.
And this is my final reply:
Agus Nizami
Well, if people could receive paper money as a US$ 100 worth more than 2,000 times of its value as currency, I am sure it will be easier for us to receive Gold/Silver that worth 1.1 of their real value.
Though everyone could make Dinar and Dirham money, but people will only trust some credible institutions. In Indonesia, there are 2 trusted institutions: GeraiDinar.com and WakalaNusantara.com. If government make it, it would be better.
Is the Dinar really 4.25 grams of 22 carat Gold? Is the Dinar could be bought/sold easily with minimum spread? (in Indonesia the buy-sell spread only 4-6%). Comparing to 15% of inflation rate in Indonesia, keeping Dinar will give us yield 10% If we keep it for 3 years, the yield is 30% against Indonesian Rupiah.
But the important is, Gold and Silver are currencies that have real values. It’s also riba (interest) free and far more inflation-proof than worthless paper money. It’s also the currencies that our prophet used.
Insya Allah sooner or later many Muslims will trust Dinar (Gold) and Dirham (Silver) as currencies. Many Businessmen have join in JawaraDinar.com (including me). They receive Dinar and Dirham as money to buy their products and services. For instance I receive Dinar and Dirham as Hijamah/Bekam (Islamic way to prevent/cure hypertension, gout, high cholesterol, etc) payment. I also except 3 Dinars as payment for web development.
Alhamdulillah Adrian Chin accept my explanation:
Adrian Chin Agus, I agree with all segments of your explanation above. Thank you. I also receive non-RM notes for product and services rendered to others. This is a very effective barter system.

31 comments:

avles said...

OT comment:
http://avlesbeluskesexposed.blogspot.com/2008/09/radovan-karadzic-vatican-nato-psy-op.html
------------------
"....santia said... I like Dinar.and its revaluation of currency.Dinar 12:03 AM ......"
---------------------
My reply:
-----------------------
avles said... you can spend it purchasing a Roman Catholic indulgence in Vatican 3:30 AM
------------------------

avles said...

Its obvious that behind such "santias" and various other clown-bloggeers there's a Jesuit inspiration... They know I expose the Islamic and Roman Catholic steel pact and of consequence a similar comment on a message of mine regarding Karadzic who fought AGAINST Islamic inspired Kosovo Mafia guerrilla is clearly showiing the Jesuit hand behind.... Till August I was bombed with "Chinese" comments, .... the Jesuit s**t was posting them because he tried to drag Chinese surfers of internet on/against my blogs, who are exposing also the role of China as Economical sword of the Counter Reformation to cut the head of the Western, Lutheran-based, civilization... (If interest to you, give a look to the Roman Catholic role in the world finance,,.,.., forget the Jews-conspiracy crap,.... Take in mind that the most important manager of Vatican treauries is Rupert Sutherland, one of the N. 1 of Goldman Sachs which did a financial bet against the GUlf of Mexico the day before the disaster of 20th April 2010 (Adolph hitler's birthday)....

avles said...

Are you maybe a Jesuit? If the equal comment appears on my blog and on yours, there's a certain probability about that....

Anonymous said...

Assalamu Alikum Brothers / Sisters,

RIFCON Seminar

We announcing our next seminar entitled as follows :

RIFCON Seminar - "Surviving 2012 Economic Meltdown"
Date : 14th January 2012 (Saturday )
Venue : Hotel SinggahSana , Petaling Jaya, Selangor D.E.
Time : 8.30am - 1pm

Speakers :
Sheikh Imran Hosein
Prof. Dr Ahamed Kameel Mydin Meera
Hj. Aman Tahir
Hjh. Nik Mahani Mohamad

Registration Fee : RM50 per person
--------------------------------------------------------------------
Thinkers Trends Resources Sdn. Bhd.
Bank: Maybank Berhad (Damansara Utama Branch)
Account No: 5641-9102-7943
--------------------------------------------------------------------

Warm Regards,

Alim A. Karim
alim@thinkerstrends.com
Sms for details : +6 013 2006401
Kindly pass this info on to someone who might also be interested.

======================================
P.S.
Should you be interested in Sheikh Imran's Books,
Check Them Out Here :
http://www.SheikhImranHoseinBooks.Co.Cc

Anonymous said...

Hi friends, its great piece of writing concerning cultureand entirely explained, keep it up all
the time.

Visit my web site :: earn money taking surveys
Also see my page :: make free website and earn money

Anonymous said...

Unquestionably consider that that you stated.
Your favourite justification seemed to be on the net the easiest thing to take note of.
I say to you, I definitely get annoyed while folks consider concerns that they
plainly do not know about. You managed to hit the nail upon the highest and also outlined out the entire thing without having side-effects
, folks could take a signal. Will probably be again
to get more. Thank you

Feel free to surf to my blog post; how can kids earn money fast

Anonymous said...

Hi there, just became alert to your blog through Google,
and found that it's really informative. I am going to watch out for brussels. I will appreciate if you continue this in future. A lot of people will be benefited from your writing. Cheers!

my weblog; make money online free

Anonymous said...

Yes! Finally something about government grant debt free.


Feel free to surf to my website: earn online money

Anonymous said...

Why viewers still make use of to read news papers when in this technological globe the whole thing is presented on web?


My webpage :: learn how to make money online for free

Anonymous said...

Hello my loved one! I want to say that this article is awesome, great written
and include almost all vital infos. I would like to peer extra posts
like this .

my web blog: make Easy money Online Free

Anonymous said...

Hi terrific website! Does running a blog such
as this require a massive amount work? I have virtually no knowledge of coding however I had been hoping to start my own blog soon.

Anyway, if you have any recommendations or tips for
new blog owners please share. I know this is off topic nevertheless I simply
needed to ask. Many thanks!

my blog; make money binary options
my web page - forex binary options trading

Anonymous said...

Thank you for every other excellent article. Where else may anybody get that kind of
info in such an ideal means of writing? I've a presentation next week, and I'm on the search
for such info.

Here is my page ... top ways to make money online

Anonymous said...

Your method of explaining the whole thing in this piece
of writing is really pleasant, every one be capable of without difficulty be aware of it,
Thanks a lot.

My homepage :: how to make money with money

Anonymous said...

I used to be able to find good information from your blog articles.


Also visit my page: government money for free

Anonymous said...

Because the admin of this web page is working, no question very rapidly it
will be well-known, due to its feature contents.


Here is my weblog - schnell geld verdienen

Anonymous said...

Hmm is anyone else encountering problems with the pictures on this blog loading?
I'm trying to determine if its a problem on my end or if it's
the blog. Any feed-back would be greatly appreciated.

Also visit my page :: what is binary options
Also see my page :: what is binary options

Anonymous said...

Thank you for the auspicious writeup. It in fact was a amusement account it.
Look advanced to more added agreeable from
you! However, how can we communicate?

Feel free to surf to my blog; How to Trade binary options

Anonymous said...

Thankfully, technologies has as soon as once
again come to our aid. It isn't that they can't be customized for smaller sized walls
however the optimum beauty might be accomplished on large walls.
Name embroidering can be utilized as a style of bean bag chairs.


My site: bedroom decorating ideas

Anonymous said...

Your method of telling everything in this article is actually good,
every one be capable of without difficulty know it, Thanks
a lot.

My blog how to make money online for free and fast

Anonymous said...

Avoid overcrowding your master bedroom with furniture and clutter.
You can employ custom ideas on your favorite sunrise images, especially inspiring inscriptions or messages.
Lighting plays a very important part in the overall decoration of a room.


Here is my web page: Teen bedroom ideas photos

Anonymous said...

Report Supply: info on tables from valley to brunswick pool tables
check out the author Jas Thompson's web page custom pool tables. But, let me get in touch with to mind you that buying just about all the things brand new is so impractical. To complete your existing plan for your youngsters you'll need to conduct the distinction approach.


My blog post - baby boy room decoration ideas

Anonymous said...

Useful info. Lucky me I found your site by chance, and I
am surprised why this twist of fate didn't happened earlier! I bookmarked it.

Have a look at my page - phen375 australia

Anonymous said...

Hi! Someone in my Myspace group shared this website with us so
I came to look it over. I'm definitely enjoying the information. I'm
book-marking and will be tweeting this to my followers!
Exceptional blog and amazing style and design.


Feel free to surf to my website youtube marketing tool

Anonymous said...

Nice blog! Is your theme custom made or did you download it from somewhere?
A design like yours with a few simple tweeks would really make my blog shine.
Please let me know where you got your theme. Kudos

Stop by my web blog; buy youtube views

Anonymous said...

magnificent points altogether, you just won a brand new reader.
What could you recommend about your post that you made some days in the past?

Any certain?

My webpage - all miscrits

Anonymous said...

you're actually a just right webmaster. The site loading speed is amazing. It kind of feels that you are doing any distinctive trick. In addition, The contents are masterwork. you have performed a excellent job on this topic!

Here is my web site - virtapay

Anonymous said...

We absolutely love your blog and find a lot of your
post's to be what precisely I'm looking for.
Does one offer guest writers to write content in your case?
I wouldn't mind composing a post or elaborating on most of the subjects you write concerning here. Again, awesome site!

123 income academy review

Anonymous said...

I've attempted for the past 35 years to drop and Carry on to help keep OFF my abdomen excess extra fat. I've attempted all the things from diet plan plan tablets, personalized trainers, each
foods prepare ever proposed, I now shell out on
two health club memberships, at any given time,
and in addition have not had the time to use the advantages
of either definitely one among them in in excess of a
yr. I have to state that only aspect that helped me best way to loss weight fast hoping the setting, ease
and availability in the services getting to be opened from 5:
00a.m until 10:00pm would encourage me to continue to be on track, attend many the cardio lessons, aquatics
courses, stage programs etc…

My blog post: weight loss books

Anonymous said...

Apply the scrub in your brush or cloth, and massage the skin gently in circles.
Dandelion ought to be be avoided by those that have known allergy to honey,
chamomile, chrysanthemums, yarrow, feverfew, ragweed, sunflower
or daisies. If you are afflicted by acne and they are looking for cure option that works well,
look no further than the Obagi acne kit. Secret 5 : Gets eliminate Candida - If you experience stubborn adult acne it is conceivable you
might have Candida overgrowth that leads in your acne.


My web-site - acne handbags []

Anonymous said...

Understanding that starting and stopping birth control can change acne patterns.
However you just aren't sure for you would like to mess around now with chemical compounds to have easy, comfortable since radiant skin, the best way features needed intended. Using all-natural washes on the regular basis will help clear up your existing zits and pimples and work to avoid breakouts inside the future. This can prevent the formation of new breakouts, drinking enough water daily would help one's body to get rid of toxins from
the inside it and assist in preventing your pores
getting clogged.

Here is my homepage: tea tree acne ()

Anonymous said...

As Gold is known to be the symbol of purity, Indian customs emphasize on gold jewelry or gemstone jewelry as a betrothal present
given to the bride. After the engagement, the ring is usually switched to the right hand.

Celtic bands are popular for both men and women and not only sell
for wedding bands but also couple rings, promise rings and anniversary bands.



my site ... promise rings for him and her (http://ghibookmarks.com/search.php?q=Practical+Promise+Rings+Plans+-+The+Inside+Track&page=1)

Post a Comment