Please Send Me Stuff

If you have articles, information, thoughts you want to share just send it to me at ali.syedakbar@gmail.com. Please keep your articles brief, not more than 1000 words or just use bullet points. If you have pictures to go with the articles, that is even better. Towards an excellent Malaysia.

Tuesday, August 31, 2010

Merdeka


By Syed Akbar Ali


Its our 53rd Merdeka “Celebration” today. That is more than half a century. I think the time has come when we should seriously start thinking about when we are going to stop “celebrating” Merdeka.


Once every year we keep reminding ourselves that we were “colonized”. Once every year we keep reminding ourselves that we were weak, downtrodden and we allowed others to bully us into being their servants and slaves. Somehow I am not too excited at reminding myself once every year that my forefathers were so gullible.


Under colonialism, most of us were slaves while some among us were elevated to be servants. When the Americans had slaves (as late as just a few years before my grandfather was born) they had the “house niggers” and the “plantation niggers”. The plantation niggers worked the land, went barefoot and slept in the plantation. The smarter among them were made ‘house niggers’. House niggers were those who wore shoes, wore a full set of clothes, lived and worked inside the master’s house (the big house). Nonetheless they were all in servitude.


Maybe we can shift the focus of the "Merdeka" celebration. We can still call it Hari Merdeka. But lets shift the focus. Lets “isi” the Merdeka. Meaning lets give more substance to what it really means to be “merdeka” or independent WITHOUT having to recollect so much our physical freedom from the colonisers.



Because my dear Blog readers, friends, critics and everyone else, truly independent is something that we are still not. We are actually very far from being independent or "merdeka".


Merdeka means to be free. Freedom is the most important prerequisite for the human race to advance and move forward. And this freedom has to be delivered to the individual. It takes one free individual to write one book that can move a whole nation. It takes one free individual to invent one light bulb that will light up the whole world. Merdeka or freedom must be delivered to the individual.


In Malaysia we are still not free to think and to SPEAK our minds freely. I blame this on ourselves. In Malaysia if we speak freely we can be jailed. I blame this on ourselves too.


When we become complicit (bersubahat) to restrict our freedom to think and speak freely, we have no choice but to become the sort of simple people who can be easily entertained by balloons, banners, bands and brigades marching to music on Merdeka Day.

We fit into Rudyard Kipling’s racist observation that the asiatics are “nature’s children”. Meaning we are childish. We qualify to become the white man’s burden.



Until today, from time to time, the white man must make an appearance in our countries to sort out our problems. Why so? Because we tell ourselves that we should not think. The white man tells himself that he can think. That is the only diference. They become Tuan, we do not.


When we allow our thinking and our speech to be curtailed or restricted, we also become prey to cleverer people amongst us who will know how to use balloons, banners, bands and marching brigades to keep us entertained. Or they will manipulate us by promising us the keys to paadise. We will either be dancing or swaying to their tune. They too may allow us to become servants in the master’s house.


Yes we have the freedom of the media. The mainstream media is free to say what it wants, the non mainstream media have the freedom to say what they want, the Blogs have the freedom to say what they want. But that freedom is a circumscribed and a prescribed freedom.


If you are a Muslim Malaysian and you SPEAK something about the Islamic religion that is deemed as breaking the law, you may be arrested, charged and jailed under various religious enactments. And the latest information I heard, though it comes from an unreliable source, is that the Internet is now completely covered by new amendments to some penal laws. And the people who want to impose their conformity (meaning to block off your brain cells) are the religious folks.


If you SPEAK something about some public figure who has a major impact on your life or the country and your speech is deemed as breaking the law, you may be sued in a Court of Law and made to pay damages. If you cannot pay, you may be bankrupted.


If you SPEAK something about the Rulers, that is deemed as breaking the law, you can be arrested, charged and jailed under the Sedition Act. Other countries also have Rulers but they do not have such laws. And their countries are more advanced, wealthier and more harmonious too. They not only respect their Rulers but they actually adore them. Every single step taken by their Rulers is photographed and spoken about. How do you explain that? And on top of it all, these are Western countries. Great Britain, Denmark, Holland, Spain, Norway, Sweden, Monaco and Lichtenstein are all Constitutional monarchies. Japan too has an Emperor.


Not only should we not insult our Rulers but we should not insult anyone (without provocation). If there is a Law against insulting the Rulers, where is the equivalent Law for insulting an ordinary citizen? I hope you are closer to understanding my meaning of Merdeka. Why is it not necessary to protect / not protect one part of the citizenry with/without such Laws?


In Malaysia SPEAKING can be punished under the Law. Since speech must be preceded by thought, this also means that thinking certain things can result in punishment by the Law. There are parts of Malaysian Law which seek to curtail thinking. So are we really free?


Making quite a mockery of all this is the fact that the foreign press is available in Malaysia to say what they want. When a late Sultan took a young wife, the Foreign Press made fun of the match and ran a picture of the royal couple with an insulting caption underneath. The foreign newspaper was available on the Internet and seen by many people.



The entire Internet is available to bring in whatever news and contrary views and information to our fingertips (literally). No one stops the Internet. How do you punish the Internet? They go unpunished. So where does that put us Malaysians? We may get punished under the Law for thinking and speaking. Yet the same Law allows the Internet into the country which has no curbs at all on thinking and speaking.


If someone sets up a Blog from overseas (say from Timbuktu) and keeps posting “law breaking” articles about the Rulers, about Islam and says libelous things about people inside the country, how are we going to stop them, let alone prosecute them? It is impossible.


I am reading an academic book right now that I bought, which among other things, questions the most basic beliefs of many Muslims. It is a foreign publication written by a Mat Salleh. It is available here.


If you were a Muslim Malaysian and you wrote anything similar, your book will be banned and you may possibly be charged in the religious court under a variety of excuses (insulting religion, deviant beliefs) and possibly be jailed as well. Yet there are tons of books written by foreigners available in our bookshops and libraries that speak freely about many issues pertaining to Islam which if you or I were to speak about, then surely we would be hauled away to the religious courts and possibly jailed.


The foreigners are free. We are not. They can think. We cannot. How do we explain this contradiction? By just ignoring it? Pretend that it does not exist?


So who do we blame? Do we blame the Opposition? Do we blame the PAS? Do we blame the religious people? Do we blame the Barisan Nasional? Do we blame UMNO? Or do we blame our most favorite whipping horse : Tun Dr Mahathir Mohamad?


I blame YOU. Yes YOU. Its your fault that our thinking is still so backward. It is your fault that we cannot be independent in our thinking and in our speech. You are the one whose son is the mind numbing ustaz. You are the lawmaker from all sides of the political divide who makes these laws. You are the mother who tells her children “don’t question authority”. You are the sister who tells her brother “don’t question our adat”. You are the the person who perpetuates our backwardness. You are the one who keeps insisting “this is what my parents and grandparents taught me”. You are the one who calls yourself a “commoner”. This is your belief system.


Then you express this “belief system” of yours through your community, through your association with others, through your religious organizations (of all religions), through the schools, through your place of work and through your politics. Until finally it reaches the lawmakers who simply give you the laws that you want. The laws eventually reflect your belief system.


This is a democracy remember. We make our own laws. We elect people whom we believe in, who then go ahead and make these laws with our tacit approval. They are our wakil. They represent us.


I think it is time that we force fed “Merdeka” into all of us. Of course we do not want people to falsely shout “Fire!!” inside a crowded cinema. That would automatically come under malice. But we must make that “kick start” to make all Malaysians really independent in thought and speech.


This means your neighbors must be free and clear of YOUR intrusiveness. Yes kawan, I am talking about you lah. Jangan jaga tepi kain orang. Do not try to prevent others from thinking and saying what they want. You mess with this freedom and we remain ‘house niggers’.


After a long time, we removed the immunity of the Rulers from the Court process. At the same time we have been building higher walls to protect the religious orthodoxy from too much scrutiny. Why?


We really need to unscramble the Libel Laws in our country. They give too much protection to public personalities. Lets cut them loose. Public personalitie are people who put themselves to the public for a living or for any reason at all. Your barber, the Prime Minister, singers, actors, Bloggers and writers are public personalities who must be given zero or little protection by the Libel Laws. In other words we (public personalities) should NOT be able to sue people easily for libel.


If you offer yourself to the public, then you learn to take whatever verbal shoes, slippers and bottles the public throws at you. Don’t run away crying and hiding behind the Court to soothe your ego.


Merdeka on 31st August 1957 was the beginning of a process. On that day we physically broke free of the bonds and the chains that kept us colonized and enslaved. Physically we are now a free people. But have we changed our mindsets? Have we made ourselves a people who are free to think and to speak freely?


We have not. So don’t you see – that is why we became colonized in the first place.

Monday, August 30, 2010

Lee Kuan Yew Snookers Najib Again


By Syed Akbar Ali


I read this interesting Bernama report on Sunday. Its short. Here it is in full.


Bernama

Sunday, August 29th, 2010 12:56:00

"KUALA LUMPUR: The second meeting of the Malaysia-Singapore Joint Implementation Team (MSJIT) held in Singapore saw fruitful discussions by both sides over two days from Aug 26, according to a

press statement.

Foreign Minister Datuk Seri Anifah Aman and his Singaporean counterpart George Yeo said in the joint press statement that the meeting discussed the implementation details arising from the agreement reached between Malaysian Prime Minister Datuk Seri Najib Tun Razak and his Singapore counterpart Lee Hsien Loong at the Leaders' Retreat in Singapore on May 24.

"It was agreed that the next MSJIT meeting would be held after (Malaysian) Prime Minister Datuk Seri Najib Tun Razak's visit to Singapore in September 2010," they said.

The Malaysian delegation to the MSJIT meeting was led by Foreign Ministry secretary-general Tan Sri Rastam Mohd Isa the Singapore team by the permanent secretary of the Ministry of Foreign Affairs Peter Ho.

During the Leaders' Retreat, Malaysia agreed, among other things, to move the Keretapi Tanah MelayuBerhad (KTMB) station in Tanjong Pagar to the Woodlands Train Checkpoint (WTCP) by July 1, 2011.

Malaysia will also co-locate its railway customs, immigration and quarantine (CIQ) facilities at the WTCP.

A rapid transit system link between Tanjung Puteri in Johor Baharu and Singapore, aimed at enhancing connectivity between the two countries, is to be jointly developed."



Recall an earlier Blog I wrote about the matter of the KTM land in Singapore. Here it is : KTM Land : Singapore Snookered Us Again?



Some snags had developed in the negotiations to redevelop that piece of property. Well actually PM Najib is believed to have been snagged by the Singaporeans’ insistence that there was a sort of ‘development charge’ of close to S$1.8 billion (RM4.2 Billion) that would have to be paid for the redevelopment of the KTM land. This little bit of unexpected oversight has thrown the financial mathematics of the whole project a little bit awry for Najib and gang.



The main driver of the earlier negotiations was believed to be Khazanah Nasional Bhd and a Minister now widely recognized (by most people except Najib) as a bungler. All too often whenever Khazanah and this Minister are involved, they end up tripping over their shoelaces. And when Singapore is involved, Khazanah has ended up paying billions of Ringgit in taxpayers’ money.



In my earlier Blog I had raised the question why Tun Daim Zainuddin or even Tun Dr Mahathir had not been consulted by Najib over this KTM land matter. Certainly these two Tuns were closely involved in the entire negotiations and could advise Najib for the better. Unfortunately all that is water under the bridge now. We have been snookered by Singapore. For an amount of S$1.8 billion (RM4.2 Billion).



Of course this episode was not over, hence the above report coming out yesterday. I did some sniffing around and I have been informed by sources close to the latest round of negotiations mentioned by Bernama that just a few buka puasa ago, Najib had at last asked for Tun Daim Zainuddin’s help over this matter.



Tun Daim was dispatched to Singapore (recently) to meet with his old friend the elder Lee Kuan Yew and work out some kind of ‘understanding’. I believe Tun Daim and Tun Dr Mahathir also had a buka puasa together just recently too.



The feedback I received is that when Daim walked in to meet him, Lee Kuan Yew had just finished singing “I did it my way.” This is a joke ok. We can safely assume that Lee was a little sticky about the whole thing. However ‘Malaysia Boleh’ and ‘Singapore Also Boleh’ camaraderie prevailed and some sort of understanding has been achieved.



Bottom line is Najib our Prime Minister has been saved from immediate embarrassment over the unexpected S$1.8 billion (RM4.2 Billion) ‘development charges’. But Lee Kuan Yew is not giving up his pound of flesh. The RM4.2 billion will still have to be paid, maybe later or in another form.



The Singaporeans may not want RM4.2 billion in durians. They may get rashes or an unexpected asthma attack from that many durians. Maybe Singapore may prefer RM4.2 billion worth of sand. Without sand you cannot build castles. Or RM4.2 billion worth of water.



Another interesting thing I note from Bernama is that Wisma Putra is now more closely involved. The Secretary General Tan Sri Rastam Mohd Isa is leading the team. We may have better chance of success. To conclude do listen to the experienced hands.



Sunday, August 29, 2010

"Islamic" Banking Is Back Door Riba?


By Syed Akbar Ali



Well in my previous post about the Kelantan gold dinar there were some comments posted about riba. I have earlier written about "Islamic" banking here : ..because the Muslims dont know.."



I have said before that "islamic" banking is no different from the conventional banking system. Here is a video featuring one guy by the name of Shaykh Imran Hossein (who I believe is from Trinidad in the Caribbean) who says that "islamic" banking is actually back door riba.



He particularly criticises murabahah. He too can see clearly that the "Islamic" banking that is practised today is just conventional banking under another name. He says its "backdoor riba".



Thats about all I can agree with, from his speech.


His other views about riba are confused. His points about why the merchants in the market should NOT reduce their prices is scary. Maybe he does need the psychiatric help which he talks about too.



Just a bit of trivia. This guy has been to Kuala Lumpur quite a few times. He has written some whacky books (which were presented to me by a well intentioned friend. I dont know where I put them). One day while he was in Kuala Lumpur, he dropped by my shop with his wife and bought some jewellery. I did give him the usual discount.



Do listen to the video. These are the religious scholars that we have running around the world today. And these guys are the best of the best. Bukan nak kutuk 'Barang Buatan Tempatan' but the likes of our genie-ologist Harun Din, animated political cartoon come alive Nik Aziz and the 'minum air jampi' beardos pale in comparison to these guys. You can hardly get any better than this. Yet there is no guarantee that you will not be more confused after you listen to them.


My vision of an Islamic car : it can move forward.

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Saturday, August 28, 2010

Part 3 Dinar Kelantan : No Guarantee By Nik Aziz To Buy Back The Dinar ! ! !


By Syed Akbar Ali



“Tiada jaminan Kerajaan Negeri akan membeli kembali Dinar dan Dirham sekiranya pembeli ingin menjualnya. Pembeli hanya boleh menyimpan Dinar dan Dirham di Ar Rahn milik Perbadanan Menteri Besar Kelantan (PMBK) dan juga menukar atau membeli barangan di kedai tertentu.”



Here is some info about Kelantan Golden Trade Sdn Bhd (KGTSB), the company that is going to profit from all the gold “dinars” that will be issued in Kelantan.


“Kelantan Golden Trade Sdn Bhd (KGTSB) ditubuhkan pada 23 OKT 08 dan dimiliki sepenuhnya oleh PMBK. Tujuan penubuhan KGTSB adalah untuk menjalankan aktiviti jual beli Dinar dan Dirham di dalam dan luar Negara. “


Nama Ahli Lembaga Pengarah/Pegawai

Dato’ HUSAM bin MUSA

MOHD SABRI bin ABDULLAH

Nik MAHANI binti MOHAMAD

MUSTAFA bin SALLEH

AZIZAH bt DAUD

Wan ROSELAWATI binti Wan HASSAN


Nama Pemegang Syer

ABDUL ARIFFAHMI bin AB RAHMAN

Jumlah Syer : 1

MOHD SABRI bin ABDULLAH

Jumlah Syer : 1

Perbadanan Menteri Besar Kelantan (PMBK)

Jumlah Syer : 1,350,000



Ariffahmi is Nik Aziz’s Son In Law. Why does Nik Aziz son in law hold one share in this gold dinar company? Isnt there a conflict of interest? This guy has been embroiled in controversy already in Kelantan.



The Kelantan folks also say that the state civil servants may be paid in gold dinar. This is just a ‘menyusahkan manusia’ situation.



Lets say a fellow gets paid RM1500 worth in gold dinar. That is just two or three gold coins. He must convert it to Ringgit before he can use the money. Ini kerja 2 x 5. Menyusahkan manusia saja.



But here is the catch. Where does he go to change the gold coin into money? And will he get full value? Jewellery shops buy old gold from the public. But they discount between 20% to 30% from the market price. In other words if your gold is worth RM100, you may only get RM70 – RM80 when you sell the gold back to the jewellery shop. (This is because they in turn have to sell it back to the wholesalers / factories who also take a cut).



Some banks sell and buy back gold coins / gold wafers at market price (meaning you get full market price). But that is usually for 99.999 pure gold. Not for 916 or Kelantan’s “917” gold.



So if the Kelantan government pays its civil servants in gold coin, can they get full value when they exchange the coin for Ringgits? Will they suffer any price discounts? Or suffer “service charges”, “management fees” etc?



They say they have signed up 600 shops who have agreed to accept the dinar in Kelantan. In reality the number who have signed up is about 230 or less. Here is something else I received in the email:



“Tiada jaminan Kerajaan Negeri akan membeli kembali Dinar dan Dirham sekiranya pembeli ingin menjualnya. Pembeli hanya boleh menyimpan Dinar dan Dirham di Ar Rahn milik Perbadanan Menteri Besar Kelantan (PMBK) dan juga menukar atau membeli barangan di kedai tertentu.”



So even the Kelantan state government has not given any guarantee that they will buy back their dinars and dirhams. Pasal apa pula? You ask the people to buy the Gold Dinar but there is no guarantee that the Kelantan government will buy back the dinar and the dirham.



So if you pay the Civil Servants their salary in gold coin, where are they going to exchange the gold coin for full cash value? Nik Aziz sendiri tak mahu beli balik?



The human race has evolved quite advanced monetary, finance and exchange tools from a long time ago. For example the Persian Achaemenid empire of 500 BC (from the Indus to the Aegean sea, including economically developed countries like Egypt, Syria, Phoenicia, Babylonia and Asia Minor). As in many ancient empires, their economies consisted of the royal sector of the king's treasury, the religious temples and the private sector.



They were all quite developed with monetary systems, pawn shops, systems of exchange and basic instruments of credit and trade.



Pawnbroking and pawn tickets were present 3000 years ago in China and also known to the Greeks, Romans and even earlier. Pawnbroking also had given birth to pawn tickets and also the buying and selling of pawn tickets. Pawn tickets became “negotiable instruments” meaning if you are in a hurry, you can “sell” your pawn ticket at a discount to someone. These were early types of fiat money.



In the ancient days the king’s treasury (khazanah) was also the king’s grainery. Egyptian hieroglyphics mention the kings treasury and “gifts to the temple priests” going back to the Pharaohs. During the time of Akhenatun the Monotheist Pharaoh there was a tussle between the king’s treasury and the temple priests for grain.



When the kings were able and good, people could even deposit their excess grain with the treasury and get a receipt from the treasury showing how much grain they had deposited. Then they could “cash out” on the receipts anywhere in the kings realm.



If you could not claim the grain by yourself or you were in a hurry, you could sell your “receipt” to someone else for a discounted price. Just like selling pawn tickets today. You get ready cash or payment in kind. The receipts became a form of “fiat money”.



Those who did not have grain deposit receipts could trade other goods they may have had to get grain at the king’s treasury. So all these systems existed from a long time ago.



Some one called Adam Smith said “The practice of drawing and redrawing is so well known to all men of business that it may perhaps be thought unnecessary to give an account of it.”



Here is an economic and financial system that is alluded to in the Quran. This involves the story of Nabi Yusuf or Prophet Joseph in Surah 12.



Surah 12:47 – 48 "He said, "What you cultivate during the next seven years, when the time of harvest comes, leave the grains in their spikes, except for what you eat. "After that, seven years of drought will come, which will consume most of what you (the king) stored for them (the people)”



Joseph advised the king that Egypt would have seven years of good harvest followed by seven years of drought. The solution was the king’s treasury should store half the peoples’ harvest (wheat, barley, rice etc) in the first seven years to tide the people over for the second seven years. The king would actually help store the country’s gross domestic product.



Joseph’s prediction of the drought seems to have happened. The Quran tells us that the people went to the kings treasury to get grain. The Quran tells us that Joseph became expert in managing the king’s treasury (equivalent to the finance ministry or khazanah). He had asked to be appointed in charge of the kings treasury.



Surah 12:55 He said, "Make me the treasurer, for I am experienced in this area and knowledgeable."



When Joseph says “Make me the treasurer, for I am experienced in this area and knowledgeable” it tells us that there was already an established system from which Joseph had gained experience and had become expert. This was the monetary and trade system, including running the king’s treasury. This was nothing new at that time. Egypt at that time was an advanced economy.



Then in the story of Joseph, his brothers who came to the treasury were embroiled in the matter of the “king’s cup” - which sounds like a measuring cup (al kaylu 12:59 and 12:63).



Surah 12:72 They said, "We lost the king's cup. Anyone who returns it will receive an extra camel-load; I personally guarantee this.



The kings had developed systems to weigh and measure as well.



There is no gold or silver mentioned in the story of Joseph. They definitely must have had gold and silver but the all important king’s treasury reflected the products of Egypt, mainly grain, fruits and wine.



And from this treasury they managed a sophisticated system of returning grain (and wealth) back to the people, on whose behalf the king had stored the grain for seven years (Surah 12:48 above). Not unlike our EPF today.



This was most definitely a fiat system where people could make claims on the king’s treasury. More importantly what I am pointing out is that the system was based on the Gross Domestic Product of Egypt (wheat, barley, rice, wine).


Surah 12:49 "After that, a year will come that brings relief for the people, and they will, once again, press wine."



The system of fiat, whereby paper or some instrument represented claims on assets or wealth existed from a long time ago. Joseph was a prophet of Allah. However there is nothing “religious” or “Islamic” about the king’s treasury where Joseph worked or the system that he managed. It was just a system that worked. Joseph was able to preserve the people’s wealth and feed them too.


Here is a verse in the Quran that speaks of gold and silver:


[Surah 9:34] O you who believe, many religious leaders and preachers take the people's money illicitly, and repel from the path of GOD. Those who hoard the gold and silver, and do not spend them in the cause of GOD, promise them a painful retribution.


So there will be the religious leaders who will cheat people of their money so that they (the religious leaders) can hoard gold and silver. Is it a coincidence that in Kelantan, Nik Aziz who is now selling gold and silver coins, is also a religious leader?


(I run a gold jewellery business but may I be excused from this verse? Firstly I am certainly not religious. And then we don’t hoard gold – we try to sell it off, as fast as possible. If we don’t sell our gold quickly, we cannot eat. Gold is not edible, or even chewable)



There is even more wisdom in this verse. “Hoarding gold and silver” is the same as ‘cornering the market’. The Jews already control gold, diamonds (please check up Harry Oppenheimer, Anaconda etc), copper, silver and most metals in the world. They do this all the time.



If Kelantan and other like minded “countries” change their currency to gold and silver, wont it be easier for them to be manipulated by the Jewish, Zionist and Wall Street conspiracies (which abound in the minds of the religious folks) who have already hoarded the gold and silver (through their control of the world’s mineral resources?)



Do think about this angle too. With so many Jewish conspiracies around, how do we know this whole idea of gold dinars and silver dirhams is not another Jewish or Zionist conspiracy – to control the wealth of the ‘islamic’ countries?



The Kelantan dinar has nothing Islamic about it, especially the gold dinar. It is just coinage. Even the name ‘dinar’ is a ciplak from the Roman denier and the Christian dinero – all of which predated the so called ‘Islamic dinar.’


During the time of Joseph (Nabi Yusuf), the ‘treasury’ functioned on the Gross Domestic Product or GDP of Egypt which consisted of wheat, barley etc – which are perishable commodities. A fiat system was successfully managed based on perishable commodities. No gold or silver involved.



What does that mean? Currency can be based on the “domestic product” found in any economy. If you have wheat, your currency can be based on wheat. If your economy has palm oil and rubber, your currency can be based on that too. If your economy has manufactured goods, your currency can be based on that. You base your currency on your “gross domestic product”.



(Err may I ask a simple question? What if your economy does not have gold? For example the Inuit Eskimos in Greenland. How are they going to trade or develop financial systems?)



This is why the United States Dollar, Japanese Yen, Chinese Yuan, Malaysian Ringgit etc still work. No matter what we say or what are the complaints, the United States remains the worlds largest and most technologically advanced economy. Their biggest asset is of course their freedom (from many things including freedom from overbearing religion and from conformity). And the country is stable, predictable and will most likely be there for the next 50 years or more. This awesomeness still gives strength to the US Dollar.



If there are weaknesses in the US monetary system, it is not due to the philosophy behind fiat money but it is due to greedy people, the thieves and the corrupt. It is the exception rather than the rule.



No matter what system we have (dinar, fiat money, Islamic, Buddhist etc) there will always be the manipulators and the conmen. Lets not miss this little point. You don’t throw the baby out with the bathwater just because there are some crooks who abuse the system. Get the crooks, not the system.



And switching to gold and silver does not guarantee there will not be anymore inflation, profiteering (riba) or financial oppression. Which dunggu said that?



However it is true that some systems are more easily abused than others. The gold dinar in Kelantan is definitely not a good system. People cannot cash out the gold easily. The Kelantan gold coins can be easily counterfeited, because they have a very high value yet are easy to mint. Little sophistication is involved.



There is nothing Islamic about Kelantan’s gold coins or silver dirhams. This entire gold dinar issue in Kelantan is just political bullshit by PIS. First they tell the unthinking supporters that their dinar is Islamic. (It is not. The dinar comes from the Romans and Christians).


Then the PIS will say they “memperjuangkan ajaran agama.” They also want to provoke Bank Negara and the Federal Government into taking action against their dinar. Then they can accuse the Government of being zalim, secular and other such rubbish. Why? So that the kaum bebal will cast their votes for them. Its as simple as that. It is just a political gimmick. Which is also maybe why Bank Negara will not be taking action against them.