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UMAR IBRAHIM VADELLO
PIONEER OF THE DINAR’S RE-INTRODUCTION
PROFILEIn 1964EducationEmbracement of Islam
STUDY OF ISLAM
ZAKATUSE OF ISLAMIC GOLD DINAR AND SILVER
DARHAM
MAJOR CONTRIBUTIONS
DESIGNER OF THESE COINS
AUTHOR OF BOOKSTHE FATWA ON PAPER MONEYTHE RETURN OF THE GOLD DINARTHE ESOTERIC DEVIATION IN ISLAM
IDEAISLAMIC REAL WEALTH CURRENCYUse of Islamic Gold Dinar And Silver DirhamOR The Return Of The Shariah Currency
PROMOTION OF ISLAMIC REAL WEALTH CURRENCYDr. Erbakan, Turkish Prime MinisterLate King Hassan of MoroccoDr. Mahathir, former Prime Minister of
MalaysiaIndonesia Pakistan
MURABITUN MOVEMENTFounded By Abdul Qadir in early 1980’sAim: Work towards reestablishment of Islam
in its totallityCorrection of condition of Zakat
MURABITUN MOVEMENT BY UMAR IBRAHIMMurabitun movement was started by Abdul
Qadir ,His idea for the expansion of Dirham and Dinar using the sources in Fiqh and formulated modern day application in Islamic Countries by his student Umar Ibrahim
THOERY:JUDGEMENT ON RIBARIBA: It means interest; unjust gains in trade
or business generally through exploitation“Riba is the opposite/ corruption of trading”Riba is the core of CapitalismRiba literally means “excess” in Arabic
RIBA means “ EXCESS”According to Qadi Abu Bakr Ibn Al Arabi “
Riba is any excess between the value of the goods given and their counter value”
TYPES OF RIBAThere are
two types of Riba
Riba Al Fadl: it refers to excess
of surplus
Riba Al Nasiah: it refers to
excess of delay
CLASSIFICATION OF RIBARashid Reda presented a new classification of
Riba
Riba of the QuranRiba of the Sunnah
MythGold And SilverThe Islamic Dirham (4.25 grams)The Islamic Dinar (3.0 grams)
SAYING OF UMAR IBN AL KHITAAB“ Do not sell gold except like for like. Do not
increase part of it over another part. Do not sell silver except for like and do not sell some of which is there and some of which is not. If someone asks you to wait for payment until he has been to his house, do not leave him. I fear Rama for you, Rama is usury.”
THE ROLE OF BANKS IN ESTABLISHING DIRHAM AND DINARFailed to acknowledge to this fundamental
issue as they have become used to of paper and electronic money
IMPLEMENTATION: IN TURKEY “using gold instead of money”Exchanged 60 tons of gold for several million
tons of Iranian crude oilBy using gold, Turkey is able to skirt Western
sanctions
IN MALAYSIAIntroduction of Gold and Silver in Kelantan,
state of MalaysiaStarted on 20th September 2006Dr. Mahathir first expressed his in universal
currency; gold“ gold is an ideal value keeper”old and Silver assists welfare and sustained
economic growth
Dr. Mahathir Former Prime Minister of Malaysia said “ Universal currency(gold dinar0 could be
used to help unite Muslim countries due to the fact that , since the beginning of Islam, the value of the Islamic bimetallic currency has remained surprisingly stable in relation to basic consumable goods”
PROPOSAL TO PAKISTAN
ISLAMIC ECONOMIC SYSTEM AND DIRHAM OR DINARConference was held in Lahore on 2nd week of
JulyOrganized by Orya Maqbool JanExplained the following pointsCapitalismSocialismOther economic systems
UMAR IBRAHIM SPEECH
All the economic problems like inflation , poverty , socio economic inequality , joblessness, economic crisis etc. are actually the result of paper money and interest based banking system
INTERESTInterest is a moral evilInflation is an invention of interestHead offices of devils are banks
FUTURE
FUTUREObedience of ALLAHModern economics will burstNo usury, no inflationNo taxation of zakat
CONCLUSIONSThere are many revolutions,
but the only just , complete is Islam
FreedomNo slavery of Masters of the
credit money systemNo more thinking of money as
a commodity
THANK YOU