~ REVIVING Commodity / Value-based CURRENCY & Commodity-based TRADING (including BARTER transaction) ~ [Surah AL-BAQARAH, 279: And if you do not, then be warned of a WAR (against you) from Allah and His messenger. And if you repent, then you have your principal (without interest). Wrong not, and you shall not be wronged ].
Sunday, June 26, 2011
***KBI launches gold DINAR & BAR products***
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.
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