UPDATED 9 November 2010:
Kelantan MAY pay half of Assemblymen’s salaries in Dinar & Dirham.
The Star Newspaper, 29 August 2010
MSN News
The Star Newspaper, 12 August 2010
Kelantan launches the GOLD Dinar and SILVER Dirham,being the FIRST state in Malaysia to do so.
The DINAR gold and SILVER dirham will be managed by Kelantan Gold Trade (KGT), a subsidiary of Kelantan Mentri Besar Incorporated (PMBK).
Apart from State Corporations, based on newspaper reports to-date 1,000 traders had agreed to use the gold dinar and the dirham silver currency in their transactions, besides Lembaga Tabung Haji and Bank Islam Malaysia.
*******traders*******
Thursday, August 12, 2010
Wednesday, August 4, 2010
Commodity MURABAHAH trading
Attended the 7th Kuala Lumpur Islamic Finance Forum (KLIFF) at Nikko Hotel.
During the Last Session of KLIFF 2010 - SHARIAH DIALOGUE: a question was posed to the Shariah Panelists on stage on the issue of Commodity Murabahah Trading vis-a-vis the CPO trading platform introduced by Bursa Malaysia. The panelists consists of Sheikh Essam Ishaq (Bahrain),Dr. Mohammed Abdul Rahim Sultan (UAE), Dr. Mohd Daud Bakar (IIIF-Malaysia)and Dr. Engku Rabiah Adawiah (IIUM-Malaysia). Akram Laldin ( ISRA - Executive Director) was the Moderator.
* Commodity Murabahah Trading (CMT)
* Food-based & Non-Food based (e.g. Crude Palm Oil-CPO, Gold, Silver etc)
* Food-based (e.g. Banana), MUST take delivery 1st prior to trading/
NON-FOOD based, NEED NOT take delivery for CMT
During the Last Session of KLIFF 2010 - SHARIAH DIALOGUE: a question was posed to the Shariah Panelists on stage on the issue of Commodity Murabahah Trading vis-a-vis the CPO trading platform introduced by Bursa Malaysia. The panelists consists of Sheikh Essam Ishaq (Bahrain),Dr. Mohammed Abdul Rahim Sultan (UAE), Dr. Mohd Daud Bakar (IIIF-Malaysia)and Dr. Engku Rabiah Adawiah (IIUM-Malaysia). Akram Laldin ( ISRA - Executive Director) was the Moderator.
* Commodity Murabahah Trading (CMT)
* Food-based & Non-Food based (e.g. Crude Palm Oil-CPO, Gold, Silver etc)
* Food-based (e.g. Banana), MUST take delivery 1st prior to trading/
NON-FOOD based, NEED NOT take delivery for CMT
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