NIK MAHANI MOHAMAD

The Real Implementation of the

Gold Dinar Economy
NIK MAHANI MOHAMAD

Introduction
We are indeed living at a very interesting era in human history. We are
now at a moment in time which can be said to be on a threshold of an
economic Armageddon of unprecedented proportion! It is looming in the
horizon and the full impact of which; majority of todays world
population either choose not to know and come to terms with it before
the tragedy of mankind begin to seriously affect our life on planet earth
or as you are now present in this forum of the people; come together to
share our thoughts to see what can be done to salvage our fate if we are
not already too late.
What is interesting to note that despite having identified that the
main problem of this economic debacle was brought about by the
breaking down of the system upon which the Capitalist methodology lies
at its very foundation i.e. Capitalist ideology and the institutions that
formed part of the system namely Paper Currency and the Banking &
Finance System - all the solution proposals made thus far were merely
remedies of the same nature and mechanism that are still within these
Capitalist methodologies too! In our Bahasa Malaysia we have one very
apt proverb Mencurah garam ke laut1 I.e An effort bound to be wasted
for how can such solutions be a credible solution! To my mind; if you
had admitted that the Capitalist system is faulty; surely the solution will
be to replace the system with a different kind of system! Economic
jargon such as stimulus fiscal package or bailing out of private
companies using Capitalist methodology of nationalisation will merely
add to the disaster brew that is already doomed to fail! Well I am not in

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this forum to discuss about their Capitalist methodology of economic

recovery as there are so many already have spoken on this subject
matter.2 To my mind the world at large and if they are serious in
providing a real solution then they must think of creating a new system.
my contention is that they were not really serious in providing the answer
but it was a solution to merely drive the sheep into their stable! they
do have an ultimate goal and their goal is to be the sheppard of us -the
lambs and sheep deemed to knows next to nothing about how to govern
ourselves! we are the goyyim and they the ruling class the the gentiles
ruling over us! we shall loss our sovereignty of our individual country
into their hands. the new world order herald in my opinion the two main
actors usaand uk will soon be brought to bear and israel will be the
king ruling from jerusalem over all of mankind. this final chapter is
closing in on us whether we like it or not! towards achieving this end, we
the goyyim population of the world will pretty soon suffer irreversible
fate in the hands of our new masters ; initially through deceptive strategy
of humanism - putting all religious believes into one corner and on one
platform ; levelling all religious believes into one pot of stew-religious
believers is but the opium for the mind! let there be no religion thus
no god.
So skilful is our purportedly New World Order Masters in their
deceptive long term strategy that the result is now unfolding in front of
our eyes that all humanity is bought by the unprecedented economic
prosperity based on bubble economy - whereby the Banking System
and Finance afforded the maxim of credit creation out-of-thin air; the
worthless paper currencies replaced the barbaric relic of barter trade of
exchange and the use of gold and silver coins! The prosperity of the last
few decades touches all of us on this planet earth today that we all wish
that this economic turbulence is short-lived and that it is part of everyten-yearly-cycle nothing more! We all want to believe that dont we?
The present powers in the world are not interested in finding a credible
solution for the world but they were more interested in rounding us all
nations in the world into their governing hands! The G-20 Summit
meeting held on 15th April 2009 had already submitted their case towards
this end.3
As a Muslim, I like to give my own personal analysis and view
which may or may not be shared by others. It is my learned believe that
the phenomenon named as Dajjal as told to the Muslims by our beloved
Prophet Muhammad (s.a.w.) or the ; False Messiah as told to the
Christians has now come into our time zone! The Muslims ; the
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Christians and the Jews were told by our Prophets of the coming of this
age ! We, the people of the religion of the sammawat (sky) had been
prophesied hundreds of years ago of the coming of this era and thus if we
were to go back to our Holy scriptures; the signs and warnings are all
there in verses of these immutable books of Allah (s.w.t.) if they were not
being subjected to corruption in the hands of their own believers! The
Holy Quran claims that Allah (s.w.t.) Himself guarded the verses in the
Holy Quran and thus it is the only Holy Book of Allah (s.w.t.) that had
not been tampered by any human hands however good their intentions
were.4
The sayings of our Holy Prophet Muhammad (s.a.w.) and the Holy
Quran have prophesied that the Dajjal is a one-eyed devil metaphorically meaning they only have one god i.e the material god. A
look at the New World Order eye symbol is truly one-eyed eh ? Well
it is there for all of us to see; their symbolism is a one-eyed on top of
the pyramid in a one-dollar USD bill and this symbolism is evident all
over the place. They shall rule the world over us in a period of forty years
it had already started by us accepting at first the British Sterling Pound ;
then the USD paper currencies since 1971 to date is now 38 years! This
part of the intelligent interpretation of our times had been done most
eloquently by the learned Sheikh Abdal Qadir As Sufi as well as by my
dear teacher Sheikh Imran Hosein in their various books.5 The day like
your day6 when we shall face the real Dajjal in person is certainly
drawing very close ! Could not we see with both our eyes that the
conquest of the world had been done most skilfully through the use of
paper currencies mechanism as well as the Banking and Finance
mechanism? The use of USD as the world reserve currency and the
phenomenal creation of credit through the Banking and Finance System
of fractional reserve policy practised all over the world literally means
that the whole world is already accepting Dajjal-in-waiting with the
help of their two close allies termed by our Holy Prophet
Muhammad(s.a.w.)as Yajjuj and Majjuj! These two mechanism i.e
the use of currencies with no intrinsic value coupled with the Banking
and Finance System under the Fractional Reserve Banking formulation
are but the practice of RIBA or USURY as clearly stated in all the Holy
Books of the Jews ; the Christians; and the Muslims. All believers of
these three religion should have bounded together to reject this practise.
However alas! We the people of the world in the last four decades
followed them all the way! This leads to the fulfilment of our beloved
Holy Prophet Muhammad (s.a.w.) prophesy that the time will come when

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everyone on planet earth will be engulf in the practise of Riba or

usury.7 The Jews were the first perpetrators for the practise of Riba or
usury.8
To the Muslims especially; it has now become obvious the piece of
puzzlement9 from the time of the death of our beloved Prophet
Muhammad(s.a.w.) just the last five days before His death, the real
meaning and significance of the last verse of the Quran: Oh You if you
are indeed true believers! Rid yourself of riba! And Know that if you do
not ( do so) ; Allah (s.w.t.) and His Prophet declare WAR! Onto youThe Holy Quran.Chapter Al Baqarah Verse 278 &279.
The time has now arrived or just about time when the money USD is
now about to fall into disgrace only to be replaced by the new regional
currencies! To begin with is AMERO. A New World Order currency is
now here.just waiting in the side wings ready to be launched! Under
the New World Order, the whole world was divided into 10 regions.
With the control over currencies and making it whether regional or
single currencies; we now understand that our each individual country
sovereignty is now slowly beginning to be passed into the hands of the
Central Powers call it IMF and the World Bank! Soon USD will be
made to demise and so too the Ruling State Power will be shifted from
USA to another Central Power centered no doubt in Israel as
prophesised by our Holy Prophet Muhammad SAW.
The Muslims since the fall of our last Caliphate in 192410 or a bit
earlier ; We have come a full cycle into their ambit - we had denounced
the gold dinar and silver dirham as well as other commodities specified
in our Syariah11 as our Syariah currencies ; we had - though somewhat
reluctantly agreed to replacing it with their paper currencies. With such
denouncement we have embraced the Capitalist ideology replacing our
Syariah laws in the fiqh of muamalah! Even Islamic Banking and
Finance is but a pseudo- Syariah solution and it is but yet another
deceptive system of Banking and Finance specially for the unsuspecting
Muslim Ummah practising fractional reserve banking formulation right
up to the present times.12 Their system of laws to the cry of democracy
with constitutional laws and parliamentary democracy governs the
modern day society today collapses our Syariah based polity as well as
the Roman Catholic Church to the point of no recognition since 1789.13
The Muslims of today are devoid of the understanding of their
muamalah as aptly portrayed by the confession of an alim in Malaysia
to me personally: we the ulama have left the field of muamalah for

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hundreds of years now; it is analogous to us finding ourselves in a thick

forest; we ourselves are lost in it how then to guide others?
What I am trying to say is that ; to us Muslim ummah in particular,
with the immutable kitabullah Al Quran Nul Karim in our hands; this
moment in time in our mankind history is a defining moment14 The
Holy Quran has specific instructions to the Muslim ummah about how to
address them to face this time period. I know of no one person what more
of several(if any) in this age today who have spoken loud and clear as the
Sheikh of The Murabitun group Sheikh Abdul Qadir As Sufi and his
prodigy Prof Dr Umar Ibrahim Vadillo who is also The Chairman of
World Islamic Mint (WIM) and also Chairman of World Islamic Trade
Organisation (WITO)15 on this subject matter. Prof Dr Umar Ibrahim
Vadillo was reported to have said the resurrection of the gold dinar
economy is the single most important socio-political event in this century;
it is a defining moment for the Muslims especially said Prof Dr Umar
Ibrahim Vadillo; Allah (s.w.t.) is defining from amongst the Muslims
themselves the category of the Munafiqun and the Muminun!. The
Munafiqun will say to themseves that oh! This is merely some
economic cycle that happens every decade! But the Muminun will
welcome this period as the launching board to come back to the call of
Allah (s.w.t.) who declared WAR.16 Onto the Muslims adherents
themselves for perpetuating this activity of riba.
Our whole world is now engulfed with what is termed as riba or
usury mechanism the use of paper currencies as well as the Banking
and Financial systems ! This is aptly portrayed by the prophesies of our
Holy Prophet Muhammad(s.a.w.)in famous sayings.17 There will come
a time when riba or usury shall be practised all over the world and that
the Muslims will imitate the Kuffar the Disbelievers step-by-step
into the lizards hole.18 Is not Islamic Banking and Finance doing just
this? The Capitalist have a bank; we too have an Islamic Bank; the
Kuffar have an Insurance company; we too have a Takaful Insuarance;
the Kuffar have Bonds and shares ; we Muslims too have Islamic
Sukuk and Syariah compliant Shares traded in Stock Exchanges , we
too have our own Islamic Stock Markets with Islamic counters traded
in them! We, Muslims of this era are practising Islamic Capitalism to
the core with no qualms and May Allah (s.w.t.) help us because I am very
sure most of us; including myself at one time before; am one of the
propagators too! We have to find a solution which is totally different
from the Capitalist ideology and methodology if we are truly interested in
finding a solution for our humanity in this decade! Capitalism is now

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dead and what are our choices if any that is truly wholesome that have far
reaching effect on our soceity?
By now we can conclude that only the religion of Islam which is
actually the only religion with Allah (s.w.t.) confirming all other revealed
books of Allah (s.w.t.) that was revealed earlier to the Prophets of Allah
(s.w.t.) from Prophet Adam as; to Prophet Daud as ( Prophet
acknowledged by the Jews); to Prophet Jesus ( or Prophet Isa as
acknowledged by the Christians) to Prophet Muhammad(s.a.w.) all of
them messengers of the word of Allah (s.w.t.) culminating in the the
immutable Al Quran Nul Karim can provide a wholesome solution!
Allah Hu Akbar! The Muslims and even the world ummah Believers
and Non-Believers are now looking up to Islam for solution. The only
ways that will Insya Allah bring back the sovereignty or Dawlah19
that had been robbed by the Dajjal and their cohorts Yajjuj and
Majjuj!! In this forum we are beginning to attempt to make this effort
Insya Allah.

Issues of the Gold Dinar and Silver Dirham

We must begin by first discussing the issues surrounding the
implementation of the gold based economy because this understanding
will lead us to the elements that must be in place in such economy. Some
of the main issues are:
1. Many residence of today world; all over the world have reached out
to gold and silver as a protector of their wealth in this period of
uncertain turbulent times. True to our natural human greed; each one
of us considers only our immediate family and close-ones ; never
mind others! As such, generally one finds that despite there being
many calls for the public urging them to purchase or convert their
holdings of paper currencies (esp. USD holdings) into gold and
silver or other commodities or items of value; there were literally no
calls or efforts towards creating a new gold and silver-based system
as an alternative to the present worthless paper currencies in
circulation and a system of payment as an alternative to the present
Capitalist system that was acknowledged worldwide to be faulty!.
Because of this, the world as a whole are not quite ready to jump
into any system of payment based on gold and silver in any parts of
the world.
2. The world today witness those who like to use this opportunity to
exploit the unsuspecting public or as the famous idiom said lets
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3.

make hay whilst the sun shines! Why not in this age of survival of
the fittest Charles Darwin. We see many groups minting gold
dinar coins and selling them like hot cakes; making fortune through
premiums added into the pricing of such coins and of course
spurred by the price hike of these metals. Have you not heard of
multi-level pyramid schemes and other scams involving worthless
Iraqi Dinars ? What about selling gold coins using multilevelpyramid schemes. Whilst all these attempts may be good so long as
they were converting their paper currencies into gold; and the
investors are now converting their savings into gold bullions and
coins; it is however cannot be used in circulation as monetary units.
Why? Because there are no standardised uniform gold coins and
silver coins that are regulated by a central body! Thus the question
about acceptability for use in trade is going to be troublesome as one
coin minted by one company to another minted by yet another
company will differ not merely in terms of denomination; pricing;
weights of gold in each coins but also that the coins pricing is not
homogenous. E.g. Company A produces their gold coins say 917
karat and another company minted 999 karat gold; not merely that,
even if both minted 999 karat coins, pricing policies will make the
coins priced differently because of company policy but more crucial
coins sold for investments were normally not homogenous! Two
coins of half Dinars price is not equivalent to one coin of one Dinar.
This is because the cost of minting a half-Dinar coins is the same as
cost of minting a one-Dinar coins. Thus a half-Dinar coins with gold
content half the amount of one-Dinar coins but the cost of minting is
the same. This makes the coins non-homogenous! As such, ease of
exchange becomes troublesome and thus this will not help in making
these coins to be use as monetary units for circulation in the society
again.
In our Syariah; exchanges between gold to gold must be of equal
weight.20 Meaning that when used for exchanges; coins of 917 karat
and coins of 999 karat when making exchanges between the coins
will be regarded as the same. We all know that coins of 917 karat are
worth less than 999 karat because the gold content in 999 karat is
more than 917 karat. This means that in the matter of
exchangeability between the coins is going to benefit some quarters
whist another one will suffer! Again, if the prices of minted coins
differ from one company to another; how can there be trade using
exchanges in gold and silver coins?

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4.

Then there is the question of a regulatory body to uniform the

exchanges using gold and silver coins. The government of almost all
countries in the world today without exception are all not even
attempting to come back to even gold-standard or gold-backed
currencies! Well, we can understand too well the reasons for this. In
the present Capitalist world; the reluctance of government to come
back to even gold-backed currencies will mean drastic curtailing of
their power over us! Why would they want to come into a strict
regiment of not being able to issue new paper currencies with the
restrictions of a gold-backed currency? They had been so used to
printing new notes whenever they like anyway; and the society of
rich Capitalist Oligarchy that are the buttress of such Capitalist
system as we all know - we are so used to be in a bubble economy
and that the Capitalist system helps to bring about prosperity even if
at the expense their own citizen who does not even realise that they
had been cheated out-of-their-own-pockets anyway!
What I want to state here is that; issues of implementing the gold
dinar economy is not something that any government will want to
embrace so readily. Issues regarding the bringing back of the gold
dinar economy is not normally readily understood by many quarters
however sincere their intentions maybe. Above all natural human
greed may complicate the issues further. In this paper, I must
humbly admit that I am not a qualified person to address the real
implementation of the Gold Dinar economy and what I had
attempted here is to merely state some of the main issues that may
encompass it. I believe Prof Dr Umar Ibrahim Vadillo who is
present amongst us in this assembly is more capable than me to
deliberate on this matter. Nevertheless; I shall attempt to share with
you my thoughts from my readings of his books and the work of
several people in this forum. Perhaps I am a better narrator and
orator than him for he is a true doer and an implementator second to
none in this difficult age. It also portrayed how confusing we are
here in history standing in this era trying to comprehend about what
we should do for the benefit of our ummah Muslims and none
Muslims. Solutions to the present day debacle are many and varied.
It is only my own personal view that in the real implementation of
the gold Dinar economy; it is nothing short of implementing the full
Syariah Muamalah according to the Al Quran and Sunnah
Rasullullah (s.w.t.). Nevertheless, the key elements of the real gold
dinar economy need to be in place and if at all this paper is of some
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use; it is a paper that attempt to put key elements in a comprehensive

manner for layman to understand Insya Allah. Whether we like to
acknowledged it or otherwise, we are now in this age whereby even
our learned religious scholars; banking and finance professionals
sired under Capitalist ideology and methodology; professors of
finance and economy at universities preaching even Islamic Banking
will feel intimidated; practitioners of consultancies find themselves
confused; challenged and angry at being cheated; intellectually
debased..etc! If one is not sincere in embracing this change; one
will merely ignore the whole idea and thus be of the group that Allah
(s.w.t.) as far as the Muslims are concerned decry of Munafiqun!
Where; let us be reminded that the place for this category of
Muslims in the hell fire is an even lower level than the Kuffar or
the Disbelievers !! Wallu hu alam. We need to leave to Allah
(s.w.t.) to be the judge and not judge others because we were not
tasked to give judgement upon others.
The only credible solution for us Muslim ummah is to go back to
adhering the Syariah in the field of Muamalah totally according to
The amal ( practise) of the people of Madinatul Munawwarah
( the city of lights or the illumination city)! Unless and until we
returned to the Muamalah as practised here as close as possible; we
shall not find the solution that we are looking for! Our Model of
Muamalah its meaning alone determined that the scope
encompasses an even more wider scope than the term economy
definition that the Capitalist ideology propagate. Our Syariah branch
of Muamalah law encompasses not merely the business and
economic aspect of a society but also inclusive of Akhlaq or
simple translation is behaviour and moral aspect according to the
Syariah. Muamalah principles of fiqh as contained in the Al
Muwatta of Imam Malik is needed to be studied at Universities so
as to ensure that our amal or practise of Muamalah in our day-today transaction is alive again which had formerly been destroyed by
the Capitalist ideology of the past century.
Again we are very
much lacking in people who can understand the Muamalah fiqh
which in our religion encompasses two-third of our daily living
guidance.21

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Elements of a Gold Dinar economy

In this paper, I attempt to identify the elements of implementing the gold
dinar economy into several areas which to my mind it have to be in place.
These are as follows :

The Matters Concerning Standardising: Minting Of The

Coins and Systemising the Payment System
Minting of the Gold Dinar and Silver Dirham
The need to have a universally accepted standard amongst at least the
Muslim nations cannot be given greater importance. The Muslims and
non-Muslims must be able to accept an accepted or acknowledged
authority in minting a universal coinage for the coins of gold and silver
to be able to be use in circulation again. Without some form of universal
standard; this will be next to impossible and will allow black-marketers
to take advantage when our economy fails and efforts to bring back gold
dinar as an alternative currency will meet with insurmountable
difficulties. Prof Dr Umar Ibrahim Vadillo and his company The World
Islamic Mint or WIM is in the forefront in this effort. Parties minting the
coins I am advocating to be affiliated with WIM. This is so that a
uniform standard of gold coins is in circulation for easy recognition and
thus acceptance, Not merely this but there will be control over the
security features to safeguard against imitation and other forms of
corruption also very important consideration so as to ensure that the
gold coins are not only accepted locally but amongst member WIM
countries as well as Internationally. Coins of Dinar and Dirham in the
state of Kelantan have joined WIM and so it shall comply to this standard
of WIM whereby one side of the coin already bears WIM logo and the
flip side of the coins can carry the particular state or country that mint the
coins.
The importance of this matter cannot be overemphasised here as; if
we are banded under one authority - WIM; this company have the
prerequisites to standardise not mere the coins but memberships to WIM
will entailed protection for security features very important aspects as
fake coins of gold and silver will soon appear in the market; policy of
pricing to make the coins homogeneous and thus tradable for exchanges
and thus the coins can function as monetary units. Not merely that; the
gold and silver management is best when it was done as a credible force
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to outwit the current monopoly of these metals in the hands of who else?
but the powers that control LME( London Metal Exchange)! We shall reestablished the coinage using the traditional coinage of our Islamic era
even though we Muslims only started to mint our own coins 71 years
after Hijrah I.e during the time of Khalifah Malek bin Marwan.22
The fact that there are many parties trying to mint the dinar and
dirham and some are already quarrelling over the coinage 999 karat and
917 karat gold coins and also there are parties who cannot accept WIM
for reasons best known to themselves goes to show how intense and
fierce is the competition not withstanding our common enemy is already
at the door! I like to call upon all parties concern with a suggestion that
we banded together under WIM and that the market share to implement
the system of payment is too large a cake to be eaten alone! Let there be
the feeling of brotherhood in Islam for this great event of the century and
know that we have all Allah (s.w.t.) stern warning of WAR! on our
back and the risk of dying as an enemy of Allah (s.w.t.) if we do not
fraternise to fight this activity of Riba or usury.
Of course the other parts of the world are using other forms of
denomination eg Kruggerand uses ounces and we in the Muslim world
uses the equivalent of grams. However the convertibility on the
International market is that 8 pieces of Gold Dinar is equivalent to 1
piece of 1 ounce of Kruggerand. This is acceptable when used in
International exchange to facilitate trade between nations using ounces
and grams as their denominators. WIM shall bring the members under
the bigger scope of payment system not merely just minting the physical
coins. WIM have already in place the internet-enabled payment system
that once the local physical coinage is in place; local network of
Wakalahs will replace the banking system Insya Allah! This will later
or simultaneously be linked to the e-payment system thus addressing the
matter globally all at once Insya Allah. Prof Dr Umar Ibrahim Vadillo
have already the e-payment system in place and currently; his edinar.com have more than five million account holders to boot!
Congratulations Prof Umar! So, you see implementing the gold dinar
economy is not very far fetch as some people thought. It is possible and
viable Insya Allah.
The Authority of the Gold and Silver Coins.
This element is a key element in bringing back the circulating of gold and
silver coins. Although to mint the coins can be undertaken by any

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private enterprise or individual collaborating with WIM for universality

of the coins; in our Syariah the matter concerning monetary units ;
weights and measures are amongst the seven(7) matters that a ruler of a
state need to address.23 As such this is to do with sovereignty or
governance. In The Holy Quran Chapter Al Arraf verse 7,24 mentioned
only once in the Holy Quran lies the key to bringing back the
sovereignty or Dawlah of Islam! Do you know that the word Dulah
is a derivative word of dawlah in Arabic language which means
sovereignty but it also have another meaning -circulation? This means
that the Holy Quran is pointing to us that the sovereignty of Islam can
only be brought about when the gold dinar and silver dirham are in
circulation.25 The Muslims empire at one time known as the
Caliphate - our long lost legacy as the Islamic nation state can only be
revived through the use of gold and silver coins as monetary units again!
Herein lies the answer to the Muslim debacle of bringing back Islam and
of the rule of Allah (s.w.t.) in the world again!. If I may add, no other
form of strategy is more defining ; more potent in their vigour of bringing
about a systematic change in the confused and deceptive world today
than the bringing back of the use of the so-called barbaric relic of the
past and a system of barter trade too even in this technology based world
today. It had been the tradition of our Islamic coins to have the logo of
the Head of the Sovereign state minted on the coins not merely just any
design. It is very fitting indeed that the circulating of money with
intrinsic value - gold; silver and other commodities- mentioned in the
famous hadith26 - i.e inclusive of four other forms of commodities
wheat; barley; dates; even salt and to this list may also be added rice
and some might even add sugar to be used as the monetary units of
exchange again! for only then can there be justice on this earth! Allah
Hu Akbar! To bring back the Dawlah or Sovereignty of Islam we
need to resurrect the role of the Head of such Sovereign again. Our
Caliphate can only be resurrected once the Syariah politi as against the
present day politics of the Capitalist - rhetoric of democracy;
constitutional laws and parliamentary role be replaced eventually.27 It is
outside the scope of this forum to be discussing more into this matter. It
is enough to conclude that to function as monetary units alongside or as
an alternative to the present paper currency; the coins need to have a
minting authority apart from standardisation authority! Though this
maybe one and the same for countries or state with no Sultanate; we the
Muslim ummah have a bigger agenda. Our agenda is not secret because it
is well known that money and sovereignty runs concurrently.
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Countries; state; locality starting to mint the coins after having accepted
the standardisation authority will have to see the bigger picture of
bringing back sovereignty of the country; state; locality. This is very
important because it had been our tradition that the coinage relates to the
local governance be it the Sultan; Head of State; Head of Republic etc.
The System of Payment as an Alternative to the System of Payment
Using the Paper Currency
The matter of using and circulating the metallic monetary units cannot
use the same system as the paper currency. This is also another matter
that needed to be addressed. The physical coins being of intrinsic value
and physically have weights much more than when we are handling
paper currencies require a different system altogether. Unless we are
merely reviving a gold standard or gold-backed paper currencies; this
matter of the need for a different system will not arise. This is because;
for a gold-backed or gold standard currencies, the specie is still paper
and thus it is a similar in nature to the present system. Under this system,
the gold is normally vaulted at the Central Bank. However; we here are
discussing about the use of gold and silver coins specie. Using physical
metallic coins involve logistics and handling of a different nature
altogether. It also requires a totally different system of bookkeeping and
accounting altogether. For one, the use of metallic monetary units cannot
and will not be able to accommodate the present banking and finance
system of fractional reserve formulation! Thus all at once this
phenomenon of credit creation out of-thin-air cannot coexist at all!
how can you create gold coins out of nowhere ?! Thus one can see that
using specie monetary units all at once cut out Capitalism ideology at its
base! Now can you quite comprehend why will THEY (New World
Order) want US the people of the world to come back to the use of
monetary specie of gold and silver ever again ? Thus we can now
understand the deceptive strategy been adopted to lure us from the
duties of our religion?
The use of specie monetary currencies like gold and silver; we need
to be in a real economy not a bubble economy that was perpetrated by
the paper currencies and the Capitalist ideology. For our gold dinar
economy; we need to have a system of institutions called Wakalah or
Agencies in place of the banks in the Capitalist banking system.
These Wakalah is merely appointed agencies of the state to handle the
system of accounts for the account holders. Under this system, the

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operators are entrusted agents to safekeep your gold snd silver coins for
you and for such service; a service fee will be charged for the upkeep
of our accounts records; transfers and also for the safe-keeping of the
coins held. According to Prof Dr Umar Ibrahim Vadillo who already
have such system of recording Wakalah in place; these Wakalahshall
at a later stage or once the infrastructure is in place; shall link this local
system network to the e-dinar and e-dirham- the internet-based payment
system that is already currently in place. Once this is done; trade
between countries in the world are with an alternative system based
entirely on metallic gold and silver specie and a system of payment that
will not expend the monetary base into mere electronic beeps and
dashes but no real value as what is happening in the Capitalist world
today! Trade and business can then be expand between countries and the
richness of wealth is real not bubble.
Again what I can see is serious competition between IT-based
experts trying to grapple with this new needs once the system of gold and
silver economy is in and most will want to meet up the challengers of
providing solutions to this need. I like to voice a word of caution to those
operators of this solution-based IT provider. They must comply to the
need of exchanges between accountholders locally and internationally
instantly to comply with the Syariah requirement of exchange of
payments in gold to gold must be hand-to-hand! In the Capitalist
system of Banking and Finance; this matter is of no importance and we
bankers operators used to make placing of liquid cash in over-night
money market to earn interest for our organisation i.e bank! Even the
Islamic Banking fraternity is guilty of such placing of liquid cash in overnight Islamic Instruments Money Market by buying so-called Syariah
compliant short-term papers to earn profits? for our Islamic Banking
institution eh ?. This aspect is very crucial to our system and may easily
be overlooked or compromised without the public understanding that
such system does not comply to our Syariah requirement! Not merely
that, even if there are other IT-Solution based out there who were nonMuslims and managed to start their own system; of our common
consideration is the fact that in the new gold-based economic system one
must make sure that the replication of creating credit in the system does
not happened otherwise the repeat of bubble economy will again hatch
even under the gold-based economy.
Other IT-based enablers solutions that will enable our public
convenience that are even more efficient than the present Capitalist
system that can and is now being discussed for implementation are `such
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as debit cards ; even mobile phone transaction can be done successfully

in this age of technology based society for the gold-based specie
economy that we want to come back to. Insya Allah! This effort will all
at once dispel the critics that cannot imagine that the use of gold and
silver specie as our modern day currency to be next to impossible! Yes!
We can provided that we fraternise to make this possible!

The Market Place

The Holy Quran Chapter Al Baqarah Verse 275,28: but Allah hath
permitted TRADE and forbidden USURY!. In this verse Allah (s.w.t.)
have make it abundantly clear to us that the way of coming out of the
practise of riba or usury is to allow for trade to florish! This is the way
out of this economic debacle that we are facing today! It is foolish to
print more paper money to bail-out bad companies what more to use
Public Savings to buy up these badly managed organisations as the
current Capitalist World Leaders are suggesting. A bail-out will
essentially mean billions and trillions of credit-created-out-of-thin-air
money will be created and once these translate into printing of more and
more paper currencies ; we shall be facing a hyper-inflation economy
very soon! Now, we can begin to see how deceptive the Capitalist
ideology is.
Again in another Hadith of our beloved Prophet Muhammad(s.a.w.) 9 out of ten rezki is from trade29 Yet again Allah (s.w.t.) and His
Holy Prophet Muhammad(s.a.w.)is directing us to flourish the trading
activities. Indeed when we study the history; our Holy Prophet
Muhammad(s.a.w.)when he and his followers migrated from Mecca to
Madinah in the historical event called the Hijrah; the first act that he
did was to build the Mosque and the second thing he did was to open a
market place!30 I am sure there was already a market place already in
Madinah at that time. Why did the Holy Prophet make a new Market
Place? Well my own opinion is that the Muslim Market place that the
Holy Prophet(s.a.w.)make was to be on a different policy altogether from
those existing ones at that time in Madinah.31 The practice in this market
place is like that of a mosque i.e that anyone who comes in early will
have the choice of the best part of the mosque32 and that the market place
cannot be monopolised by anyone at all! The Market place is a very fair
place for all traders to display and sell their goods and services. This
Market Place is not restricted to only the Muslims! It is open to all
Muslims and non-Muslims and all will be treated fairly! Some of the
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standard features in operating the market place is that there are many
traders and many customers33 and that the traders are also a customer to
each other in the market. Compare this to the Capitalist Market the
Supermarket and Hypermarket where there is only one trader (The
Hypermarket/ Supermarket owner who monopolies the trade!) and many
customers!
This single observation alone address to the kind of
deception this Capitalist system had portrayed to us in a most foul
manner! Ask any Capitalist economies and he/she will tell you that the
most ideal manner of trade is to increase the velocity of trade
meaning that an ideal situation is whereby the traders themselves are the
customer/consumer of goods and services in the market place and thus
the frequency by which money is used in the Market place will ensure the
circulation of wealth amongst the people. Not merely that; if we have a
healthy economy whereby 90% of our society comprised of people in
business in trade instead of the present Capitalist system wherein our
society comprised of merely 30% or even less are engaged in trade and
businesses - one can imagine the prosperity that the society will be in at
that moment in the future Insya Allah! Our society presently are indeed
in a state of GOYYIM status that the New World Order have
successfully made us into ! That is why the Capitalist ideology preached
the exact opposites! Ever you wonder why?
Clearly one can begin to understand that what we need to come out
of our economic crisis is not government intervention through
nationalisation or take-over of private ownership into the control of
government and manipulation of the monetary units by the mechanism of
first - the rate of interest to control liquidity in the market then in the
name of wanting to better the economic situation, the parliament
approved of new money creation fund Billions and Trillions of new
money being created out of nowhere in the form of bailout- rescue
mission purportedly to avert bigger disaster as well as aids in the form
of fiscal stimulus!! Once the hyper-inflation sets in; the New World
Order will provide what will be hailed as the solution. the world have
to acknowledge and admit that it needs a centrally controlled monetary
unit! and a centrally controlled system of governance ofcourse.
One very important aspect which is overlooked even by the alim in
this century is the fact that it is only Allah (s.w.t.) is Ar Razak i.e Allah
(s.w.t.) is the Lord that is responsible for giving His servant wealth ! By
allowing government through the mechanism of paper currencies and
money in the form of credit which can be created out of fractional
reserve formulae for banking institutions; the Ar Razak now is the
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Government !! One of Allah (s.w.t.) beautiful NAMES were

overtaken by this Capitalist!! Wanauzubillah !

The Trade Guild System and the Qirad

The world at large before Capitalism Ideology took control was under
what is known as a Merchantile system of trade. Our Muslim Ummah
were under the Syariah system in our Golden Age of Islam and the West
and Europe as well as American Continent were under a Merchantile
system of trade and the use of gold and silver coins. The Middle Ages
and even at the time of the Industrial Revolution, the trade have what is
known as a Association of Trade Guild System along side the
Merchantile Law as the underlaying system of jurisdiction in matters of
business and trade law. The west had copied our Syariah-based law also
known as Muamalat branch of the Syariah in matters of trade from their
contacts with the Muslim world during the period in history known as the
The Dark Ages transforming this era into another era of The
Renaissance34 This system of trade guilds are associations of businesses
and the main purpose of these guilds is to harness businesses into
collaborative effort in each of their type of business for providing skills
and training for those interested in their field thus opening the door for
entrepreneurship which is sorely lacking in the Capitalist system! . The
impact of this Association of Trade Guilds to the whole economy cannot
be over emphasised. These Trade Guilds provides the society the
necessary training skills for the young to acquire skills from the Masters
in their area of trade and industry for the development of young
entrepreneurs entering into trade and business so vital for the prosperity
of the community and thus the country. It is this association of business
with the provision of hands-on-trainning to young apperentice which is
totally destroyed by the Capitalist ideology.35
As had been pointed out earlier, our Muamalah branch of law in
Syariah encompassed not merely the fiqh of trade and businesses but it
also covers another important branch i.e Akhlaq or the Behaviour and
Moral Law;. Because of this, the Association of Trade Guilds in their
evaluation of skills and technical know-how acquired by the Apprentice
under their training program will incorporate criteria of behaviour and
moral standard which includes trustworthiness; character; religious
adherence etc. This essential component which is very important fabric
of an ethical business society is essentially missing ingredient in the
Capitalist ideology! Ever one wonder all banking and financial loans in
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the Capitalist methodology i.e their Banking and Finance institution

must all be collateralised ? Compare this with the Syariah-based
methodology for funding businesses must either be in the form of
participation and risk-sharing mode of financing of Musyarakah or
Mudharabah! (But ofcourse Syariah muamalah have other forms of
financing mode other than these such as Ijarah etc). Ever one wonder
why Islamic Banking fraternity till presently was not able to adopt these
financing mode in their banking business not withstanding their
conventional banking fraternity in the Capitalist ideology? Of course
being a direct photocopy of the Capitalist ideology; they too will not be
able to put to practise this concept! Thus Islamic Banking in trying to
appear to be Islamic ; is but a poor imitation of the real Syariah
muamalah! Islamic Banking is merely a pseudo-Syariah attempt by the
Muslims in 1990s when at such time, Muslims bankers though very
sincere in their undertaking to provide solution for the Muslim Ummah
was not aware of the deceptive motive nor thoroughly understand the
implications of the Capitalist ideology! All categories of Muslims in that
era either they belonged to the learned from the religious schools or
from the secular schools were not yet aware of what they had created!
There are no ways Islamic Banking fraternity is capable of providing any
solution to the current economic debacle! If at all, their Banking Industry
will be the first to go under! Please take note of my claim and let us
review it in the near future.
Let me take you to understand in point of history to where we are
now standing. Our present Capitalist ideology and methodology was
quite a recent development being started by the Dajjal after the Second
World War. The Capitalist Oligarchy replaces the what had been termed
as the Feudal System of Royal Monarchy in which- in the west was
under the system of Monarchy and in our Muslim Caliphate the System
of Caliphs. To the cry of the rhetoric of the French Revolution36 of
Equality; Fraternity; Liberty; all at once the Royal Monarchy system
was overthrown by the so-called people power at the purported and
thrummed-up cruelty of the Royal Monarchy System - this is what we
were made to believe eh ? History relates to us the fact that in France
King Louis XVI and his wife Maria Antionate were beheaded! A system
of rule by Monarchy was overthrowned almost overnight to the cry of
Parlimentary Constitutional Democracy rule of the government By the
People; For the People! These are trumped-up rhetoric for the
unsuspecting public who until today were still upholding these very
principles dear! Little do they understand what had been destroyed and
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how we had all been deceived into believing that the cry of Democracy
which was brought about by Capitalism Ideologist is essentially a
godless soceity one controlled by the Oligarchy Capitalist who now had
gained so much success that the whole world is poised to be ruled by the
One-Eyed Dajjal as prophesised by our Holy Prophet Muhammad SAW.
This is far from being a conspiracy theories that need to be
understood by our Ummah who shall be witnessing the day when the
Dajjal will be ruling over mankind in the days like your day as
prophesised by our Beloved Prophet Muhammad SAW.
To come back to the real implementation of the Gold Dinar
economy; our alim and our learned have to come to realise these
deception that was so very intricately woven into the fabric of our
society that our Muslim society today does not realised that we have all
been deceived in what our Holy Prophet Muhammad(s.a.w.)had termed
as the Age of Fitan.37
Zakat and The Resurrection of Baitulmal Institution as a
Treasury of the Ummah
Another pillar of Islamic faith is the giving of Zakat as a yearly
contribution to the eight (8) categories of people expounded by the Holy
Quran. This had also been under much debate concerning whether the
zakat can be given out using paper currencies now that we can safely
conclude that the paper currencies of all countries in the world today are
completely riba! Zakat had been promulgated by our Syariah and
acknowledged by all mazhabs must be paid with something with
intrinsic value or ayn in Arabic Language.38 Muslims as a result of
our ulama in the last few centuries had given a Fatwa that paper
currencies are acceptable to be used as money in our Syariah due to
darurah39 ( emergency situation) was completely deceived into
paying our zakat with paper currencies! The ulama of these past few
centuries have either completely misinterpret the hadith or that due to
political reasons submitted to Dajjal main agenda of world dominance
through the introduction of paper currencies. With the advent of Western
Political Powers after World War II and the fall of the Muslims Caliphate
in 1924; the Muslim world in particular were broken up and was under
political masters who had imposed and entrapped the Muslims;
politically and ideologically into Capitalism and secularism. Their
deception can well be seen in the construction of our Constitutional Laws
of Malaysia as an example whereby the once Muslim ummah was under

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the Sultanate Rule was made to be merely head of each state with limited
power. The Malaysian Constitution made the Sultan now to be mere
Religious Head of State and the Syariah to be only applicable in
Syariah Court under the state rule; even then only in matters of family
laws!. Even the institution of Baitulmal was not allowed to function as
a Treasury proper for the state and the Muslims! The institution of
Baitulmal though was allowed to exist was made to be merely taking
care of Wakaf assets. Zakat is collected and distributed by institution
called after the Enactment for collection of Zakat in the states! If this is
not an arm twisting strategy or deception act - by the Foreign Rulers
for Malaysia The British; one cannot envision anything otherwise! The
British Empire ruled over Malaya Archipelago from the years 1948 to
1957 and gave independence to Malaysia in 1957. They were
responsible for writing up the Constitution of Malaysia and now that we
begin to see with both our eyes ; these matters which was once goes
unnoticed even by the most fervent Muslims should now be revisited.
I see the payment of zakat in the near future under the Gold Dinar
economy to be given out in gold dinar and silver dirham Insya Allah in
the very near future! Once our alim and ulama begins to unfold and
understand their misinterpretations of the hadith on Syariah money and
the kind of deception that lead us now on the brim of world catastrophe;
the resurrection of the institution of Baitulmal will be pivotal in the
distribution of wealth again! Insya Allah.

Conclusion
The Real implementation of the Gold Dinar Economy will not happened
until all of us, citizen of the world start realising our predicament! To the
muslims in particular, they run the risk of being categorised as
munafiqun or worst their faith to Allah (s.w.t.) will not be accepted by
the Lord Himself - if we were unheeding to the call of eradication of riba
practices.
To conclude this paper I want to quote Shaykh Abdalqadir As-Sufi
taken from his book Sultaniyya as follows: In the light of our
recognition that the whole kafir political discourse,mutatis mutandis is
not only illogical but fatally irrational , that everything they say in fact
stands for its opposite , that everything they do to put things right
plunges us into greater suffering- it is against this background that we
must return to the noble and illuminating constructs that were gifted to us

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by the Divine Creator and the Seal of the Messengers. may Allah be
pleased with him.
End Note
1
2

4
5
6

Mencurah garam ke-laut means to add salt to the sea water! A meaningless
effort.
The fiscal stimulus bill being debated in Congress not only won't help the
economy, it will make the recession much worse, says Peter Schiff, president of
Euro Pacific Capital. Schiff scoffs at the notion the economic decline is starting to
level off and concedes no government action means a "terrible" recession. But the
path of increased government intervention will lead to "unmitigated disaster," says
Schiff, who gained notoriety in 2007-08 for his prescient calls on the housing
bubble and U.S. stocks. The problem, he says, is the government is trying to
perpetuate a "phony economy" based on borrowing and spending. With the U.S.
consumer tapped out, the government is "now taking on the mantle" of consumer
of last resort, he continues, predicting the bond bubble will soon burst - if it hasn't
already - ultimately leading to a collapse of the dollar and an "inflationary
depression worse than anything any of us have ever seen.
Following the 2009 G20 summit, plans were announced for implementing the
creation of a new global currency to replace the US dollars role as the world
reserve currency. Point 19 of the communiqu released by the G20 at the end of
the Summit stated, We have agreed to support a general SDR allocation which
will inject $250bn (170bn) into the world economy and increase global
liquidity. SDRs, or Special Drawing Rights, are a synthetic paper currency
issued by the International Monetary Fund. As the Telegraph reported, the G20
leaders have activated the IMF's power to create money and begin global
"quantitative easing". In doing so, they are putting a de facto world currency into
play. It is outside the control of any sovereign body. Conspiracy theorists will love
it.[1]
We have, without doubt, sent down the Message; and We will assuredly guard it
(from corruption).( , Al-Hijr, Chapter #15, Verse #9)
Sheikh Abdal Qadir Technic De Banque and Sheikh Imran Hosein Jerusalem
in the Quran.
Hadith narrated Al-Nawwas ibn Saman we said: Allahs Messanger , how
long will he ( Dajjal) stay on earth ? He said : For forty days, one day like a year,
one day like a month , one day like a week and the rest of the days will be like
your days ( Sahih, Muslim, Sunan, Tirmidhi).
Hadith Abu Daud, Mishkat There will come a time, when you will not be able to
find a single person in the world who will not be consuming riba. And if anyone
claims that he is not consuming riba then surely the vapor of riba ( in another text
the dust of riba) will reach him.
The Prohibition of Riba in the Quran ms 96 Ibn Abbas said: The first people to
follow Dajjal will be seventy thousand Jews.........and among the signs of the
release ( i.e the coming ) of Yajjuj and Maajuj.
Umar ibn Khattab said : The last verse to be revealed was on riba, but Allahs
Messanger SAW was taken without having expounded it to us; so give up not onlt
Riba but also Reebah (i.e whatever raises doubts in the mind about its
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10

11
12

13

14

15

16

rightfulness). - The Holy Land and Israels Riba-based Economy - Imran N.

Hosein.
The Caliphate was constitutionally abolished several months later, on 3 March
1924. the Sultan and his family were declared persona non grata of Turkey and
exiled. Fifty years later, in 1974, the Grand National Assembly of Turkey granted
descendants of the former dynasty the right to acquire Turkish citizenship.The fall
of the Ottoman Empire can be attributed to the failure of its economic structure;
the size of the empire created difficulties in economically integrating its diverse
regions.
Fatwa on Money deemed that paper currency is accepetable due to the
Muslims are now in a state of ;emergency. Prof Umar Ibrahim Vadillo
Islamic Bankers agree that interest charged by commercial banks is identical with
the excess stipulated as an obligatory condition in the contract, which is one of the
two types of usury prohibited by Islamic Shariah. But they ignore any question
about the possibility of Riba by deferment in the exchange and other transactions,
so critical to understanding paper money. The Islamic Fiqh Academy established
by the Organization of the Islamic Conference (OIC) in its second session held in
Jeddah, Saudi Arabia, 22-28 December 1985, declared that any increase or profit
on a loan which has matured, in return for an extension of the maturity date, in
case the borrower is unable to pay, and any increase or profit on the loan at the
inception of the loan agreement, are both forms of usury (Riba), which is
prohibited under the Shariah (Ausaf Ahmed 1995, The Evolution of Islamic
Banking. In Encyclopaedia of Islamic Banking, London: Institute of Islamic
Banking and Insurance. p.17).
On 26th August 1789 came the declaration of rights of man which proclaimed
equality before the National Assembly. Its first article declared : Man are born
free and equal in rights;. There is in society a necessary equality of rights but there
is also an indispensible inequality! The respect of this natural inequalities is one of
the first duties of man living in a society! this declaration in fact provided the
means by which the Assembly on 5th November could smash the old order,
abolish the clergy, for they no longer the clergy once they become citizens and
abolish the hereditary nobility, their inheritance, their titles, liveried servants and
private arms. The obligation of serfdom tying people by obligation to a particular
land was also established. So it was within the new Republic of France, the roman
catholic church on that day came to an end.-Technique of the coup De Banque.Shaykh Abdalqadir As-Sufi page 38.
The blessed Prophet conveyed to us the news received from Allah Most High that
nine hundred and ninety-nine (999)out of every thousand (1000) in mankind
would submit to that universal evil Gog and Magog dictatorship and would thus
form ( a sub-systemic) part of their world-order.
The restoration of the muamalah is not an issue of a single individual ; it is an
issue for a community. Muslims must organise themselves around community
leaders and in their absence they must create their own.- Fatwa on Banking-Prof
Dr Umar Ibrahim Vadillo.
Surah Al Baqarah ayat : 278-279 Al-Baqara (The Cow).2:278 O you who have
attained to faith! Remain conscious of God. and give up all outstanding gains from
usury, if you are [truly] believers; [266] Al-Baqara (The Cow) 2:279 for if you do it
not, then know that you are at war with God and His Apostle. But if you repent,

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17

18

19

20

21

22
23

24

then you shall be entitled to [the return of] your principal : [267] you will do no
wrong, and neither will you be wronged.
Hadith Abu Daud, Mishkat There will come a time, when you will not be able to
find a single person in the world who will not be consuming riba. And if anyone
claims that he is not consuming riba then surely the vapor of riba ( in another text
the dust of riba) will reach him.
The Prophet said, "You will follow the ways of those nations who were before
you, span by span and cubit by cubit (i.e., inch by inch) so much so that even if
they entered a hole of a mastigure, you would follow them." We said, "O Allah's
Apostle! (Do you mean) the Jews and the Christians?" He said, "Whom else?"
And what God has bestowed on His Messanger (and taken away) from the people
of the townships-belongs to God-to His Messanger and to the kindred and
orphans, the needy and the wayfarer; in order that it may not (merely) make a
circuit between the wealthy among you. So take what the Messanger assigns to
you and deny yourself that which he withholds from you . And fear God ; for God
is strict in Punishment.Surah Al Hasyr Ayat 7.
Narrated Ibn Shihab that Malik bin Aus said, "I was in need of change for onehundred Dinars. Talha bin 'Ubaid-Ullah called me and we discussed the matter,
and he agreed to change (my Dinars). He took the gold pieces in his hands and
fidgeted with them, and then said, "Wait till my storekeeper comes from the
forest." 'Umar was listening to that and said, "By Allah! You should not separate
from Talha till you get the money from him, for Allah's Apostle said, 'The selling
of gold for gold is Riba (usury) except if the exchange is from hand to hand and
equal in amount, and similarly, the selling of wheat for wheat is Riba (usury)
unless it is from hand to hand and equal in amount, and the selling of barley for
barley is usury unless it is from hand to hand and equal in amount, and dates for
dates, is usury unless it is from hand to hand and equal in amount".
The importance of the correctness of the business and commercial contracts is
such that the use of particular types of contracts will affect how society develops .
A society where unjust contracts are allowed i.e Riba will produce a kind of
society different from the one in which they are not allowed. This is the reason
why contractual law is so important in the body of Islamic Fiqh. Almost two thirds
of all Islamic fiqh concerns trade and business.Fatwa on Banking Prof Dr Umar
Ibrahim Vadillo.
Khalifah Marwan first mint the Islamic Dinar in the year 71H,
Dalam Islam matawang sememangnya berkait rapat dengan kerajaan. Kajian
Umar Vadillo ( 1996) menunjukan bahawa Al Qurtubi dalam Tafsir Al-Quran
beliau telah memberi tafsir tentang ayat al Quran yang bermaksud : Wahai orang
yang beriman! Patuhlah kepada Allah dan patuhlah kepada Pesuruh Allah dan
mereka yang memerintah kamu ( An-Nisa 3:59 ). Ayat tersebut merupakan
perintah supaya umat Islam taat kepada pemerintah dalam tujuh perkara. Perkara
pertama ialah penempaan dinar dan dirham dan yang lainnya ialah penepatan berat
dan ukuran, keputusan mahkamah, haji, Jumuah, dua Hari Raya dan Jihad. Dalam
kata lain, urusan dinar ialah urusan Keagamaan dan kedaulatan daulah Islam.
Penggunaan dinar melambangkan kepatuhan kepada pemerintah Allah, bukan
semata-mata urusan ekonomi ( Hakimi 1999).
And what God has bestowed on His Messanger (and taken away) from the people
of the townships-belongs to God-to His Messanger and to the kindred and
orphans, the needy and the wayfarer; in order that it may not (merely) make a
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25

26

27

28

29

30
31

32

circuit between the wealthy among you. So take what the Messanger assigns to
you and deny yourself that which he withholds from you . And fear God ; for God
is strict in Punishment.Surah Al Hasyr Ayat 7.
The Islamic politi is called Dawla. The term appear only once in the Quran. As
always with Divine Revelation one word can have enormous impact and effect on
the Muslim society. Dawla derives from the root dal-alif-lam and it means to
change periodically, to take turns to alternate and to rotate. It also means to make
victorious and let triumph. It also means to change, to circulate , to take counsel,
to pass around. Sultanniya page 40. Sheikh Abdal Qadir As Sufi.
Narrated Ibn Shihab that Malik bin Aus said, "I was in need of change for onehundred Dinars. Talha bin 'Ubaid-Ullah called me and we discussed the matter,
and he agreed to change (my Dinars). He took the gold pieces in his hands and
fidgeted with them, and then said, "Wait till my storekeepercomes from the
forest." 'Umar was listening to that and said, "By Allah! You should not separate
from Talha till you get the money from him, for Allah's Apostle said, 'The selling
of gold for gold is Riba (usury) except if the exchange is from hand to hand and
equal in amount, and similarly, the selling of wheat for wheat is Riba (usury)
unless it is from hand to hand and equal in amount, and the selling ofbarley for
barley is usury unless it is from hand to hand and equal inamount, and dates for
dates, is usury unless it is from hand to hand and equal in amount".
Islamic Dawla cannot exist without the commanding authority that establishes the
essential matters. What are the essential matters ? Al-Qurtubi defines them in his
great tafsir as being the authorisation of the two Eids and the Jumua prayers
the guarantee that the dinar and dirham are sound in their purity and weight.Sultaniyya page 105. Shaykh abdalqadir As-Sufi.
2:275 (Y. Ali) Those who devour usury will not stand except as stand one whom
the Evil one by his touch Hath driven to madness. That is because they say: "trade
is like usury," but Allah hath permitted trade and forbidden usury. Those who
after receiving direction from their Lord, desist, shall be pardoned for the past;
their case is for Allah (to judge); but those who repeat (The offence) are
companions of the Fire: They will abide therein (for ever).
Trade isin itself a source of wealth. Rasullullah SAW said 9/10 of the provision
comes from trade That is like saying that 9/10 of the generation of wealth comes
from trade- Fatwa on Banking Prof Dr Umar Ibrahim Vadillo.
Umar Vadillo-Fatwa on Banking page 8. when a dharurat status is claimed , the
imperative action is to change the condition not to perpectuate it
The Importance of the Prohibition of riba in Islam Imran N. Hosein page 9. The
prevalence of riba itself confirms the sign given to believers by the Prophet SAW
by which they can recognize the age of Fitan the evil age of the evil Dajjal ( The
falsa Jewish Messiah).
At first , the Muslims used to avail themselves of the existing market most of
which have been controlled by the Jews. The Prophet Muhammad PBUH and
Urbanization of Madinnah-Spahic Umar 2005. Amal of Madina - Soon after his
arrival in Madina al-Munawara and his establishment of a mosque there, the
Prophet of Islam, salallahu alayhi wa sallam, created a mosque and a new market
there. He made clear by his statements and explicit injunctions that the marketplace was to be a freely accessible space for everybody, with no divisions (such as
shops) and where no taxes, levies or rent could not be charged. The Market is like
a Mosque: ...The Messenger of Allah, sallallahu alayhi wa sallam, said: Markets
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should follow the same sunna as the mosques: whoever gets his place first has a
right to it until he gets up and goes back to his house or finishes his selling. (suq
al-muslimin ka-musalla l-muslimin, man sabaqa ila shyy fa-huwa lahu yawmahu
hatta yada ahu.).(Al-Hindi, Kanz al-Ummal, V, 488, no. 2688)- Prof Umar
Vadillo.
Ibid. After selecting the site of the new market, the Prophet SAW said to the
Muslims This is your market, it is not to be narrowed and no tax is to be collected
from it. The system of occupying the market space followed the pattern of
occupying the mosque space: he who came first occupied it and it remaind his
until he wanted to leave. - Ibnu Majah, Sunan Ibn Majah, Kitab al Tijarat.
The first thing is that we need to distinguish between trade and monopolistic
distribution. Supermarket do not allow trade to happend. No one go there to tradeSultaniyya-Shaykh abdalqadir As-Sufi.
The Dark Ages is a term in historiography referring to a period of cultural decline
or societal collapse that took place in Western Europe between the fall of Rome
and the eventual recovery of learning. Increased understanding of the
accomplishments of the Middle Ages in the 19th century challenged the
characterization of the entire period as one of darkness. The Renaissance (from
French Renaissance, meaning "rebirth"; Italian: Rinascimento, from re- "again"
and nascere "be born")[1] was a cultural movement that spanned roughly the 14th
to the 17th century, beginning in Italy in the Late Middle Ages and later spreading
to the rest of Europe. The term is also used more loosely to refer to the historic
era, but since the changes of the Renaissance were not uniform across Europe, this
is a general use of the term.
Islamic Trade is a complete recipe to stimulate and encourage independent
entrepreneurship. An Islamic society is not a society of employees. We know
through literature that Muslims lived and worked organised in guilds. Belonging
to a guild is the norm in Muslim societies. Sultaniyya-Shakh abdalqadir As-Sufi.
The French Revolution and the American Revolution which preceeded it , were
moment so momentous in religious, political and economic history that it is as if
an iron curtain (build by Dzulkarnian) was breached and two very evil forces (
Yajjoj and Majjuj) was released in the world Sheikh Imran Hosein -The
Prohibition of Riba in the Quran.
Classic higher Islamic education in this Age of Fitan seems to have acquired
some strange deficiency making it difficult for so many classically trained Islamic
scholars to perceived reality correctly -Sheikh Imran Hosein- The Prohibition of
Riba in the Quran. Page 37.
Zakat cannot be paid with a promise of payment.Zakat can only be paid with
tangible merchandise, called in Arabic 'ain. It cannot be paid with a promise to
pay or a debt, called in Arabic dayn.From the beginning the zakat was paid with
dinars and dirhams. Most significant is that the payment of zakat was never
allowed in paper money during all the ottoman period right until the fall of the
Khalifate.Shaykh Muhammad Illish (1802-1881), the great maliki cadi,said that if
you were to pay zakat with paper-money only its value as merchandise (dayn),
that is, its value as paper can be accepted. Therefore, its nominal value is
irrelevant as payment of zakat.
Umar Vadillo-Fatwa on Banking page 8. when a dharurat status is claimed , the
imperative action is to change the condition not to perpectuate it

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