Koperasi Belia Islam(KBI) a.k.a Muslim Youth Co-operative launched the gold DINAR & BAR products today.
The launch was held at the Putra Hotel-Kuala Lumpur in conjunction with the 33rd AGM of the KBI/Co-operative.
I'd attended the launch in my capacity as a delegate representing KBI from the Federal Territory of Kuala Lumpur.
The products available/launched are:-
1 - 1 KBI Gold Dinar Coin
2 - 10g KBI Gold Bar
3 - 20g KBI Gold Bar
4 - 50g KBI Gold Bar
5 - 100g KBI Gold Bar
Also announced, were plans to set-up Ar-rahnu(Islamic Pawning Services) with an initial 5 branches to complement the Gold Products Sales. The first branch is expected to be in the Klang Valley.
I wish KBI all the best in their endeavours and hope the gold and ar-rahnu business will generate good income which hopefully will translate into better dividends for it's members.
