GOLD DINAR - USING BILATERAL PAYMENT ARRANGEMENT OR ELECTRONIC PAYMENT SYSTEM1 WRITTEN BY: NURADLI RIDZWAN SHAH BIN MOHD DALI nuradli@kms.uniten.edu.my BAKHTIAR ALRAZI HANIFAH ABDUL HAMID UNIVERSITI TENAGA NASIONAL ABSTRACT2 The Malaysian Prime Minister Datuk Seri Dr Mahathir Mohamad first expressed interest in a universal currency that could help unite Muslim countries after attending the OIC summit in Doha, Qatar in November 2000. This led to an international conference entitled "Stable and
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THE GOLD DINĀR AND SILVER DIRHAM: ISLAM AND THE FUTURE OF MONEY Imrān N. Hosein MASJID JĀMI’AH CITY OF SAN FERNANDO TRINIDAD AND TOBAGO 1 Published by Masjid Jāmi’ah, City of San Fernando. 76 Mucurapo Street, San Fernando. Trinidad and Tobago. Imrān N. Hosein 2007 Free downloads of several books written by this author are available at his website: www.imranhosein.org Online purchases of the author’s books and DVDs of lectures can be made at: www.ummahzone.com Books and DVDs of lectures
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www.ikhwan-info.net ﺩﺍﺭ ﺍﻟﻤﻨﻁﻠﻕ ﺍﻟﺭﺴﺎﻟﺔ ﺍﻟﺭﺍﺒﻌﺔ ﻤﻌـــﺎﹰ ﻨﺘﻁﻭﺭ ﻤﺤﻤﺩ ﺃﺤﻤﺩ ﺍﻟﺭﺍﺸﺩ ﺤﻘﻭﻕ ﺍﻟﻁﺒﻊ ﻤﺤﻔﻭﻅﺔ ﻟﺩﺍﺭ ﺍﻟﻤﻨﻁﻠﻕ ﻟﻨﺸﺭ ﻭﺘﻭﺯﻴﻊ ﺍﻟﻜﺘﺏ ﻭﺍﻟﻘﺭﻁﺎﺴﻴﺔ ﺍﻷﻤﺎﺭﺍﻥ ﺍﻟﻌﺭﺒﻴﺔ ﺍﻟﻤﺘﺤﺩﺓ ﺩﺒﻲ 1 www.ikhwan-info.net ﺍﻟﻁﺒﻌﺔ ﺍﻷﻭﻟﻰ 3141-2991ﻡ ﺍﻟﺘﻭﺯﻴﻊ ﻓﻲ ﺍﻟﻤﻤﻠﻜﺔ ﺍﻟﻌﺭﺒﻴﺔ ﺍﻟﺴﻌﻭﺩﻴﺔ – ﺩﺍﺭ ﺍﻟﻤﺠﺘﻤﻊ ﺠﺩﺓ / ﺍﻟﺨﺒﺭ ﻭﻓﻲ ﺍﻟﻜﻭﻴﺕ : ﺩﺍﺭ ﺍﻟﺩﻋﻭﺓ ﻤﻘﺩﻤﺔ ﻤﺴﻠﻡ ﺩﺍﻋﻴﺔ .. ﻴﺭﻨﻭ ﻨﺤﻭ ﺍﻟﺘﻁﻭﺭ .. ﻓﻴﺘﺨﺫ ﺍﻟﻌﻠﻡ ﻭﻴﺩﻋﻭ ﺭﺒﺔ ﺃﻥ ﻴﺠﻌﻠﻪ ﻟﻠﻤﺘﻘﻴﻥ ﺇﻤﺎﻤﺎﹰ... ﻴﺼﺎﺤﺏ ﺍﻷﻗﻼﻡ ... ﻭﺴﻴﻠﺔ ﻟﻠﺘﻤﻴﺯ .. ﻭﻴﺘﻐﻨﻰ
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to the gold standard can save the economic from being collapse, defunct and manipulated by the other country or bank. But, it is suitable for gold dinar to replace the current fiat money that already in circulation for more than a decade in the market? Even though the Gold Dinar is not a legal tender, the bimetallic gold and silver system has been used as a medium of currencies since the Byzantium era before it ended in the year 1875 when the fiat money was introduced to replace the gold and silver
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metals, silver and gold to serve as a measure of all commodities. Gold had played an important role for many centuries in a way or another until the end of Bretton Wood. After the collapse of Bretton Wood’s system fiat money and a floating rate exchange system have taken place in the monetary system. Fiat money is created out of nothing by the power of an issuing authority. With the spread of Islam, the dinar was minted in large quantities and gradually displaced the bezant gold coin as the major
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COMPANY CASE Bahrain Bay: Building Customer Relations for the Future Q1: What are Bahrain Bay’s four foundational philosophies and how might they be used as marketing tools? A: Bahrain Bay’s four foundational philosophies are: * Scale and Aesthetics (the artistic designs are the key edge of Bahrain’s buildings), * Social Equity (Bahrain Bay offers a wide range of opportunities for all), * Community (Bahrain Bay seeks to maintain unified community for its residents & business)
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The Economy, Global Finance, and Inequality of the War on Iraq The war on Iraq has truly been a forever changing impact on the country and the citizens residing in it. Since the war resulted in the overthrowing of the nation’s leader, it would seem that almost every aspect of the country would have to be revamped. Both the personal as well as the business part of Iraq life has been affected in ways that come across as both positive as well as negative depending on the way and by whom is looking
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A Brief History of the International Monetary System Kenneth N. Matziorinis 1. Introduction The international monetary system is the structure of financial payments, settlements, practices, institutions and relations that govern international trade and investment around the world. To understand the international monetary system, we can start by looking at how a domestic monetary system is structured. The Canadian financial system, for instance, is composed of a) a currency; b) a central
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Classification of zakat [pic] Zakat is divided into two main categories 1. - Zakat of al-Fitr (i.e. the breaking of the fast at the end ofRamadan. It is also referred to as the Zakat of the body. 2. - Zakat of wealth. Zakat of al-Fitr: Muhammad sallallahu alaihi wasallam ordered that this kind of charity should be observed inthe same year in which the fasting during Ramadan was imposed.A day, or two days preceding al-Fitr the Prophet addressed theMuslims saying:"Give for charity, be
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------------------------------------------------- SAMPLE Disclaimer: This is a sample business plan which is prepared as part of the assignment for Strategic Management Class. The reference is made to Public Gold. Some data are fictitious in order to capture the main purpose of this class that is to apply Strategic Management in business - Art & science of formulating, implementing, and evaluating, cross-functional decisions that enable an organization
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