Once again, Shaykh Umar Vadillo delivered a revolutionary Masterclass on Muamalat during the last weekend of February at Selayang Community College in Kuala Lumpur speaking on the subject of Islamic market places and the laws that surround this fundamental institution of Islam.
Islamic law can be divided into two parts: Ibadah and Muamalat. Shaykh Umar first begins by explaining, "Ibadah is the science of the relationship between us and Allah, while Muamalat is the science of the relationships between humankind." He leads on to explain how religion today has been reduced to 'personal morality', leaving out the social, political and economic aspects which has ultimately brought us to the condition of Islamic practice nowadays; People focused on a narrow, individualistic set of rules while ignoring the larger social issues.
Muamalat can therefore be understood as firstly, the interaction in Economics: trading, commerce, lending, borrowing, and secondly in 'Personal interactions' such as marriage, divorce, inheritance, etc. [...]
Our hearts and youthful spirits came alive last weekend, as the Shah Alam Convention Centre was transformed into a market and playground, for the 1st Malaysia Islamic Children’s Fair.
The dynamic event, vibrant with the sound of laughter and pattering of running feet, was held from the 22nd to the 24th of November 2013 at the SACC. The three day event, jam packed with a flowing schedule of performances, talks, storytelling, games and even fashion shows, saw the union of conventional academic teaching and an even more fundamental, Islamic education.
The first of its kind, the aim organizers had in mind, as stated in their official website, was to create an event that would narrow the gap between worldly and spiritual education. Their objective was to promote new and creative ways of approaching Islamic education in a holistic way.
This platform created the perfect opportunity for DnD activists to attend and partake in the educational atmosphere of the event. [...]
There are some people when asked to ‘use the gold Dinar’ they say ‘we will use the Dinar when the political system becomes fully Islamic’ or ‘when the Khalifa comes’ or similar. They are wrong and their persistance in their wrong simply makes them accomplices in the depraved monetary debasement of paper money by the banks. In fact, it is this ‘new riba of banking’ which led to the destruction of the Khalifate. You can read more on the "new riba" paradigm here: http://umarvadillo.wordpress.com/2013/10/19/muamalaat-the-alternative-to-the-riba-system-exists/
What is their predicament? They think riba is a symptom not the cause of the problem. But they are wrong again. Riba is the problem, it is a crime. The command to eliminate Riba does not have any prior condition. Just like every other command. To say ‘I will not eat halal food until the arrival of the Khalifate’, is equally absurd. [...]
Latest figures shared by the State Bank of Pakistan reveals that top 24,000 millionaire account holders in Pakistan owns Rs 2,118 Billion.
The interesting aspect of this data is that in last four years, which are presumed to be the worst years for Pakistan’s Economy, the number of Crorepati (millionaires) in Pakistan increased by 50% to 36,500 from 24,000 in 2008.
The new 12,000 millionaires added about Rs 80,000 Crore (800 Billion) in bank deposits in the last three years. Of course they are not depositing everything. There must be properties and other investments involved which are not included in this figure. (Do I need to remind you how much Pakistani investors love to invest in Property). So if we take that ‘unknown’ figure, I’m sure this club of 36,000 elite millionaires will total way more than 70% of Pakistan’s total wealth.
These 36,000 people represents only 0.02% of Pakistan’s total population of 18 Crore people and yet they hold almost 40% of Pakistan’s total wealth in bank accounts. [...]
ISLAMABAD: The complete but gradual elimination of the present banking system of the country, including the State Bank of Pakistan and even the Islamic banks, has been sought for being “Haram” in the Riba case, presently being heard by the Federal Shariat Court (FSC) after a lapse of over ten years, writes Ansar Abbasi.
A party in this all-important Riba case questioned on Monday the validity of the whole banking system of the country including the State Bank of Pakistan and even the Islamic banks in the light of Islamic teachings and has called for the elimination of the present financial system.
Former MPA from Punjab Dr Humaira Shahid, who has become party in the case, has sought the replacement of the present system by the Islamic financial system called ‘Muamalaat.’ To the horror of millions of Pakistanis who have deposited their savings in the Islamic Banks over the years to avoid Riba, the petitioner in her written document presented before the FSC has termed even the Islamic banks as “haram”. [...]
Interview conducted by WIM with Abdullah Seymour, Founder and Director of the company Wadiah Nusantara.
Please introduce yourself.
My name is Abdullah Seymour, I'm an English convert Muslim. I have been Muslim for ten years. I lived in Norwich in England for 5 years but now I live in Malaysia/Indonesia which is where I have been for the last year, establishing Islamic Muamalat in the region.
What is your role there?
I'm the founder and director of a company called Wadiah Nusantara, which is a safekeeping and payment system service for Gold Dinars and Silver Dirhams. I'm also involved in other aspects as well, such as circulating the coins, developing the network of both users and shops, minting the coins, supporting the sultans in collecting and distributing the zakat, talks etc.
What is a Wadi'ah?
Wadi'ah means safekeeping. Wadi'ah is first and foremost a matter of amānah (trust), a deposit left in trust with someone. [...]
10 June 2013 - Sultan Sepuh XIV of the Kasepuhan Cirebon Sultanate, Indonesia, has ordered that Zakat must be payed in Dinar and Dirham.
Zakat, the fallen pillar of Islam, is now being reinforced by Nusantara's Sultan. Sultan Sepuh XIV PRA Arief Natadiningrat has ordered the taking and distribution of Zakat once again using gold Dinar and silver Dirham coins.
For more than 100 years Zakat, especially Zakat on financial wealth and trade, has not been observed correctly, since Muslims have paid it using paper money. According to the Sunnah the payment of Zakat must be in 'ayn – tangible wealth – and therefore with gold Dinar and silver Dirham coins.
The Dinar and Dirham coins have been minted and distributed again for some years now, and since last year the Sultans of Nusantara have been minting their Dinar and Dirham coins as one of their duties following the Commands of Allah and the Sunnah of His Messenger, sallallahu 'alayhi wa sallam. [...]
In this days when knowledge of muamalat has almost disappeared there are large number of people who confuse muamalat, the Islamic way, with so called Islamic banking and finance. The difference between these two is like marriage and Islamic prostitution. Islamic prostitution? Islamic prostitution does not exist –everyone would argue with a natural feeling of disgust and loathing at mere suggestion. Amongst those people who would feel revulsion are highly reputed “religious” people who identify and practice so called Islamic banking. Yet, banks are to usury what brothels are to prostitution.
Following similar methodology as the one used to “Islamise” banking I will show you how to “islamise” a brothel: a) In an Islamic brothel people pray on time -in the other banks they don’t [cosmetics of Islamic banking]; b) in the Islamic brothel an “ustadh” performs temporary marriage of 1 hour [“two contracts in one” in Islamic banks]; c) The “shariah council” of the Brothel, paid by the prostitutes, has agreed that “less than 10 minutes is not really haram (the time is under revision) [The so called Islamic Dow Jones screens companies by saying if riba does not exceed 33% of capitalization then is halal]; d) “no orgasm, no haram” –new fatwa resulting from the “rationalisation” of the previous one [credit cards and futures are halal]; e) separate entrance for men and women [same in some Islamic banks]; f) proper dress code in public areas [more cosmetics]. [...]
April 2013 saw the launch of the first legitimate Wadi'ah service for over one hundred years in Kuala Lumpur, Malaysia, called "Wadi'ah Nusantara". The term 'wadi'ah' quite simply means safekeeping. But it is much more than just that.
2010 saw the issuing of the dinar and dirham by the Malaysian state government of Kelantan, and in recent months we have witnessed four different Sultans all implement the minting of the coins under their authority, in accordance with with the Fiqh. They are the Sultans of Cirebon, Ternate and Bintan (Indonesia) and Sulu (formerly Philippines). After authorisation from the Sultan is declared, the coins must be minted at the highest possible quality to ensure durability and authenticity, with both visible and invisible security features so that it can function as a trusted currency. [...]
Ten Lessons that the Cyprus Crisis teaches about the fiat currency economy, the debt crisis and gold.
Here are ten lessons that the Cyprus Crisis teaches about the fiat currency economy, the debt crisis and gold.
(1) Cypriots holding physical gold and silver (or other tangible assets that preserve purchasing power) are not being touched by any means. Although we are 100% convinced of our point, we do not see this message appearing, nor do we hear people talking about it. Those with gold and silver are protected.
(2) Money in your bank is NOT safe. It appears incredibly difficult for people to understand this truth. In people's mind, safety and banks go hand in hand, just like yin and yang or day and night.
(3) How is it possible that banks need their depositors' money to survive when they borrow at 0% and lend at rates between 4% and 8%? It shows the whole banking system is truly ailing.
Interview with the Emir of the project, Sidi Abdallah Seymour
- Please, tell us a bit about TTDI Market: Where is it? What is special about it?
Tamun Tun Dr Ismail (TTDI) market is a wet market located in Kuala Lumpur, Malaysia. It is one of the few markets which remain, which is open daily selling a wide range of both dry goods and fresh and local food products. Almost all of one's weekly shop could be made just at this market. There are around 100 traders.
- Why did you choose TTDI Market for the Dinar and Dirham program?
Because of the wide range of goods sold there, it was the perfect place to turn into the 'Dinar Market' of KL. Every mission has to begin somewhere, and for us this market made perfect sense. [...]
Chinese prepare for new trade settlement system and new reserve system
According to the source www.beforeitsnews.com, China is well along an ambitious plan to recast large gold bars into smaller 1-kg bars on a massive scale. A major event is brewing that will disrupt global trade and assuredly the global banking system.
The big gold recast project points to the Chinese preparing for a new system of trade settlement. In the process they must be constructing a foundation for a possible new monetary system based in gold that supports the trade payments. Initially used for trade, it will later be used in banking. The U.S. Treasury Bond will be shucked aside.
Regard the Chinese project as preliminary to a collapse in the debt-based U. [...]
The Dinar and Dirham has reached the city of Norwich because the people here want it and understand its significance. We have had various different markets for many years organised by the 'Open Trade Network', and supported by the community effort that is needed for these projects: all the people working on the market and the individual traders themselves. This has introduced the people of this city to the issues of trading, free markets and intrinsic currency wealth.
Recently we have had more local traders and businesses of all kinds accepting the coins. This includes an acupuncture specialist, a café, designers and traders who set up stalls after the Jumu'a outside the mosque.
This is marketed for everyone to see with a 'World Islamic Mint' poster on the wall of the business premises and on related local websites that helps people find out where they can use their coins, and provides information about the significance of this scheme as a non-usurious alternative. [...]
Almonaster La Real is a small municipality of Huelva's province, in the south of Spain. Situated between the Sierra of Aracena and the mountains of the Andevalo, twenty kilometers from the town of Aracena and hundred from Portugal, it is a beautiful enclave.
The village is located amongst mountains of Mediterranean forest and is crowned by a mosque, built during the Caliphate of Cordoba, in the IX century, and that is part of the bigger complex of a fortress.
In this historic location, every year at the beginning of August, takes place a weekend of Islamic Days, organized by the local townhouse and with the participation of the Islamic Community in Spain, which every year is represented and dealt with by a group of Muslims from Seville. This year they took place on the 7th, 8th and 9th of October. During this weekend a market is also organized as well as a symposium about some topic relevant to Islam in Spain. [...]
With the implementation of the Fard Pillar of Zakat - yesterday - under the authority of Sultan Sepuh XIV who use Silver Dirham to those who received it (mustahik) bring us into a New Nomos.
The Grand Mushala of Kesultanan Kasepuhan Cirebon is one of the many witnesses that bear witness of the return of payment of Zakat using Dinar Dirham in Cirebon. On Wednesday, Oktober 24th 2012, member of JAWARA (Jaringan Wirausahawan dan Pengguna Dinar Dirham Nusantara - Network of Traders and Users of Dinar Dirham in Nusantara) and the Al Wakil of Wakala (service institution that help people exchange their paper money to Dinar Dirham) gathered at that blessed place in their preparation for the Zakat distribution and Festival Hari Pasaran (FHP - Open Market Day Festival) as part of the activities of 499th Haul commemoration of Sunan Gunung Jati.
At the same time, the traders who are going to make their provisions during FHP were gathered to listen to the briefing from Pak Teguh of JAWARA Cirebon. [...]
Some people are concerned that the fact that the price of the material, gold, is manipulated in foreign artificial markets this will be detrimental to our efforts to restore the Gold Dinar as currency of the Ummah. We would naturally prefer to live in a world in which speculators do not manipulate all the commodities -not only gold-and all currencies. We know that the dollar is overvalued; we know that gold and silver are hugely undervalued. We know that international institutions of great influence such as IMF forces our governments into policies that reinforces the US dollar overvaluation and deprives gold of its historical role and the currency of the world. We know central banks are institutions of capitalism infiltrated in Muslim lands by the secular constitutions which still rule our lives. We know a new constitutional Islam which has surrendered to capitalism has become the dominant trend of Islamic thinking for the last 90 years –Islamic banking and so on-. We know all that.
Is the fact that gold is priced in dollar a problem? Yes, but it is the least of our problems. [...]
"The paper money rush" - Goethe still influences modern Frankfurt. By Abu Bakr Rieger
Things are all go in Germany's financial capital. For a few autumnal weeks Frankfurt was host to lectures, exhibitions, and even a specially presented theatre programme. After the Occupy movement and the strife which the banking quarter had to put up with recently, things were far more cultured this time in the hallowed halls of the cultural metropolis. Just a stone's throw away from the headquarters of Germany's banking institutions, theatre enthusiasts, philosophers, economists, bankers and the educated middle classes had gathered together to reflect upon the subject of Goethe and money, and the key question therein implied – a question to which so many recent events have been dedicated: can Germany's greatest poet still shed light upon our days of darkness?
Given the backing of the German banking industry, and amidst the current monetary crisis, it is a surprisingly short step into the depths of German intellectual history. [...]
A historic occasion took place on Saturday the 11th of August, 2012 at the Pasar Besar (Main Market) of Taman Tun Dr. Ismail (TTDI), Kuala Lumpur. It was the launch of the "Free! Market" programme, a recent initiative to bring transactions in Gold Dinars and silver dirhams (Dinar dirham/DnD) to areas concentrated with readily operating traders. The event received a head-start with more than 20 traders residing within the market prepared to accept DnD, a result of praiseworthy effort by volunteers who began promoting the concept around the start of Ramadan.The main objective of the programme is to circulate the DnD coins as a functioning sharia currency, among traders & shoppers.
Pasar Besar TTDI began operating in 1985 in a sprawling complex sited on a 1.36 hectare-sized land at the fringes of an established commune at the edge of Kuala Lumpur city. The bulk of its initial occupants were relocated traders who were provided with a modernized market facility in replacement of an ageing, overburdened town market that was eventually repurposed into a modern cultural mall. [...]
Aiman Kautsar of Capital TV takes us to the 'DINIHARI DINAR SHOWCASE & TESTIMONY' event at Bukit Damansara which takes place every Saturday morning from 10am to 4pm.
Capital TV interviewed Zoraya Vadillo on the purpose of DINIHARI DINAR program and visited 3 shops in Taman Tun Dr Ismail which accept payments with dinar and dirham. The shops are Ruz Aladdin Restaurant, EcoGreen Reastaurant and Zenith Pharmacy. Hasleen Hashim, the restaurateur of Ruz Aladdin was also interviewed.
The program was aired in Hypp TV. This recording has been obtained and uploaded for information purposes on DINIHARI DINAR and its purpose as a showcase and invitation to the restoraion of mu'amalah 'Amal Madinah al-Munawwarah.
The World Islamic Mint is pleased to announce the introduction of the new 1433H series of coins for the Dinar & Dirham issued by the Kelantan State Government. This series is a continuation of the successful implementation of the sharia currency from earlier coins. launched from August 2010.
The new 2 Dinars, featuring a security hologram imprint, are the best ever minted coins for circulation in the history of gold coinage. The improved design quality, also showcased on the new 2 dirhams, was achieved using state-of-the-art minting technology of the Kazakhstan Mint.
Produced by Kelantan Golden Trade Sdn. Bhd. as a WIM licensed Mint, the coins are initially available in exclusive limited quantities. Full denominational availability is planned for gradual release following this offer. For additional details on the coins, please refer to the specification sheet.
The new 1433H series of coins in this issue follow the current WIM Standard of 2010 (now updated to Revision A with this series included). [...]