Seminar Dinar & Dirham di Kota Bharu, Kelantan

Pada bulan Julai 2011, saya diundang sebagai Penceramah di Seminar Dinar dan Dirham yang dianjurkan oleh Kelantan Gold Trade Sdn. Bhd. dengan kerjasama Al-Qafilah International. Seminar dijalankan di New Pacific Hotel, Kota Bharu - Kelantan Darul Naim.

Ini adalah kali pertama saya menjejakkan kaki ke "Serambi Mekah" setelah hampir 11 tahun.

Tajuk Ceramah saya adalah " Fakta Emas & Perak dan Permasalahan Perbankan Islam Masa Kini ".



Terima Kasih diucapkan kepada Penganjur-KGT Sdn. Bhd. dan Dr.Zahimi serta En.Mahmud diatas segala layanan baik yang diberikan

***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.

Gold in Kg.Tambatuon, Sabah?

Are there GOLD deposits at Kg.Tambatuon , Sabah?

Read FREEMALAYSIATODAY for an interesting report.

MOST EXPENSIVE DINAR auctioned !!!

(UMAYYAD GOLD DINAR - 105 Hijrah/723 AD. Auctioned for GBP 3.7million in 2011)


Read: COINWEEK


(OMAN SILVER DIRHAM - 90 Hijrah / 709 AD. Auctioned for GBP 1.08million in 2011)

Just wondering, would paper money fetch as much????

DinarDirham Event at Bukit Damansara-KL!

Today, I went to my first Dinar&Dirham Market/Bazaar at Bukit Damansara mosque(Masjid Saidina Umar Al-Khattab) organised by Kelantan Golden Trade jointly with the World Islamic Mint(WIM) & Jawatankuasa Penaja Koperasi Dinar.

Transactions were conducted mainly in Dinar&Dirham(D&D) of Kelantan and for those without any Dinar or, Dirham to trade can exchange RM for D&D from Hj. Awaludin.

All in there were 10 stalls offering the normal mix of Food & Drinks, Books, Toiletries & Cosmetics, Clothing & Sports Equipment, Islamic Calligraphy & Stickers and other varieties of merchandise.

In addition, there were talks on the usage of Dinar & Dirham where some participants also shared their experience in using/promoting D&D.

A proposed co-operative called Koperasi Dinar (KODINAR) is also to be formed.


Apart from the usage of D&D, I'd also learnt how an Islamic market/bazaar operates. For example:-
1) There must be a Muhtasib. ( Read: Muhtasib )
2) The prohibition of arbitrage within a certain distance from the bazaar.
3) the prohibition of monopoly/bulk buying from a trader and reselling it in the market.

Towards the end of the Bazaar, the winner of a contest was announced...the prize was 1 Dirham, sponsored by WIM.

Morning till Noon Time Well Spent.

Subsequently, met Hj.Awaludin and became an Agent/Wakalah for Kelantan's Dinar&Dirham.

when GOLD is ALL the RAGE!!!

Current Malaysian trend, Read:- Sunday Star, 27 February 2011

"SHINY outlook for GOLD",...also SILVER update :- Read:- The Star, 23 February 2011

On another matter, whatever happened to the Perak Dinar & Dirham launch???
New Straits Times, Malaysian Insider,

Another Suggestion for Gold/Precious Metals-backed Currency at SC-UM Visiting Scholar Lecture, 25 Jan.

25 January 2011 - I attended a Public Lecture presented by Volker Nienhaus from Germany titled "Building Blocks of Islamic Finance: Regulation & Shariah in Perspective".The talk is part of the SC-UM Visiting Scholar programme in conjunction with the Islamic Capital Market initiative.





During the Q&A Session, Rizwan (if I'm Not mistaken) from Nomura posed 2 questions...one of which is a query/suggestion. He referred to Volker's presentation which alluded to the fact that one of the main differences between Islamic Banking & Finance and Conventional Banking & Finance is the usage/backing of real assets for transactions. Hence, why can't the same principle be applied to currency/fiat money.

Rizwan's comments is one of the main arguments put forward by Dinarists in making the case for the introduction of an Islamic Gold Dinar & Islamic Silver Dirham currency. The calls made by people from all walks of life for the advent for a Dinar/Dirham can be heard repeatedly in all Conferences and Talks on IF held in Malaysia for the past couple of years.