What Muhammad Thinks of Silver
Posted by Wealth Wire - Monday, October 24th, 2011
There was a popular song in Indonesia which told of the Prophet Muhammad going to the market with eight dirhams, or silver coins.
Along the way, he gives away six dirhams to the needy and uses the last two to buy new clothes.
Fifteen hundred years ago, the price for some new cloths was two dirhams — or about $15...
Today you can still buy clothes for that price.
At some point in the near or far future, the value of paper money will fall to zero.
I've received packages from my buddies in Iraq during the height of the war. They mailed me knickknacks wrapped in Iraqi dinars instead of newspaper.
They told me the dinars were laying all over the place, stacked on pallets and blowing in the wind down the alleys.
The old Iraqi dinar has been demonetized and a new dinar issued. It is currently trading at 1,170 per dollar.
And despite what the mainstream media would tell you, the dinar has gone up over the past five years. This is mostly due to the fact that the U.S. dollar has fallen. You would have beaten the S&P500 over the same time period.
This is because Iraq is booming. GDP grew at more than 12 percent last year.
They still have 115 billion barrels of proven oil reserves, which puts them third behind Saudi Arabia and Canada. Oil production is at 2.9 million barrels a day with the dream of producing 12 million bbd by 2017...
Iraq has a modest fiscal deficit of just 8% of GDP.
This is why I've been buying small oil companies that will benefit from the Iraqi growth story.
And while we are on the subject of Mohamed and his silver coins, it looks like Iraq will be putting out its first coins since 2004.
Alsumaria, Iraqi satellite television, reported on September 3: “Iraq Central Bank said that it won’t only delete the zeros, but it will also change Iraq monetary structure in order to provide bigger currencies.”
According to the new legislation working its way through the government, coins will reappear again in the Iraqi currency.
There will also be new banknotes, which will be printed in Kurdish as well as two other languages — and they will carry pictures of Iraqi civilization, not Saddam.
Three zeros will fall off the end, which will make for easier math without changing the purchasing power.
These are the second set of new coins. In 2004, the Coalition Provisional Authority that followed the overthrow of Saddam authorized new coins and bank notes. Twenty-five, fifty, and hundred-dinar coins were introduced, however they proved to be unpopular and were quickly pulled.
Don't look for the reissue of the dinar this quarter. It will take three years for the currency to reform to be a reality...
They still haven't figured out which bribe will win the printing license.
Part of the Iraq dinar buying frenzy of the last few years has to do with the idea that dinars will switch over and be worth a lot. This happened in Germany in 1948 when rationing ended, price controls were abolished, and the money supply contracted when the then-new deutschemark was put in place. It lead to the post-war German economic miracle.
It's a big stretch to say Iraq is the same as 1948 Germany...
But there is massive opportunity.
THE GOLD-DINĀR AND SILVER -DIRHAM:
ISLAM AND THE FUTURE OF MONEY
Abū Bakr ibn Abi Maryam reported that he heard the
Messenger of Allah say: "A time is certainly coming over
mankind in which there will be nothing (left) that will be of
use (or benefit) save a Dinār (i.e., a gold coin) and a
Dirham (i.e., a silver coin).” [This prophecy clearly
anticipates the eventual collapse of the fraudulent monetary
system now functioning around the world.]
There seems to be little understanding of the role that a European3 created money3 system has been playing in delivering to enemies of Islam the capacity to engage in massive legalised theft of the wealth of mankind. Nor is there realization that those enemies have designed a monetary system that would eventually deliver to them financial dictatorship over the whole world. They have already succeeded in enslaving millions of Muslims (as well as others amongst mankind) with slave wages and even destitution, while pursuing a s inister global agenda on behalf of the Euro3 Jewish State of Israel. It is truly pathetic to listen to those who blame Pakistanis and Indonesians for miserable poverty in Pakistan and Indonesia.
.......... An excellent keynote address, delivered by a former Malaysian Prime Minister, Tun Dr. Mahathir Mohamad, set the stage for two days of intensive deliberations on the subject of ‘money’. This booklet is an expanded version of our paper entitled “Explaining the Disappearance of Money with Intrinsic Value” which we presented at the conference shortly after the feature address
Some of the Prophet (saas)'s finer traits
Imam Ghazzali, known as "Hujjatul Islam," collected and set out some of the Prophet (saas)'s traits as related by such great Islamic scholars as Tirmidhi, Tabarani, Muslim, Imam Ahmad, Abu Dawood and Ibn Maja:
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What is the Garden promised to those who have done their duty like? It has rivers flowing under it and its foodstuffs and cool shade never fail. That is the final fate of those who have done their duty. But the final fate of the disbelievers is the Fire.
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"The Holy Prophet (saas) was the most patient among men, the bravest, the best judge, and he who pardoned most. ... he was the most charitable man. He did not pass a single night hoarding a single dirham or dinar. Whenever any excess money came to him and if he did not then get anyone to accept it as charity, he did not return home till he gave it to the poor and the needy. He did not store up for more than a year the provision of his family members which Allah was pleased to give him. He used to take one fifth of what easily came to him out of dates and wheat. What remained in excess, he used to give in charity. He used to give away in charity to him who begged of him of anything, even out of his stored up provision.
He did not take any revenge for personal wrongs but he used take it for preservation of the honor of Allah.
He used to speak the truth even though it was sometimes a cause of trouble to himself and his companions.
He was the most modest, without pride, and his tongue was most eloquent without prolongation of speech. His constitution was the most beatiful. No worldly duties could keep him busy.
He used to go even to a distant place to see the sick, loved scents and hated a stench or bad smell, sat with the poor and the destitute, ate with them, honored those possessing honor, advised them to do good and show kindness to relatives. He did not treat harshly to anybody and accepted excuses offered to him.
He accepted sports and pastimes as lawful, played with his wives and held races with them.... He did not hate the poor for their poverty nor fear the kings for their mighty power. He used to call the people, high or low towards Allah. Allah adorned him with all the qualities and good administration
At the time when the Quran was being revealed to him, he used to smile most. When something happened, he entrusted it to Allah, kept himself free from his own strength and ability and said in invocation: 'O Allah, show me truth in a true manner or give me grace to give it up. You guide to the straight path whomsoever You will.'
Hadits Nabi Muhammad saw tentang Haramnya Kain Sutera untuk Laki-Laki
Posted by: sari on: 18 Mei 2009
Kain sutera yang halus dan dengan beragam motif yang cantik, tentunya sangat menarik untuk dipakai semua orang, khususnya wanita. Kain sutera biasanya dibuat selendang, kain, serta kebaya ataupun pakaian. Namun, tak sedikit pula kaum pria yang gemar memakai kain sutera ataupun pakaian yang terbuat dari sutera.
Ternyata, ada hukum atau aturan dalam Islam yang tidak membolehkan kaum pria memakai sutera, baik kain untuk sholat maupun pakaian berbahan sutera. Terdengarnya mungkin hal yang sepele, namun hal ini sering terlupakan oleh para pria. Apalagi zaman semakin maju dan berkembang, mode fashion tidak hanya untuk kaum wanita, sekarang ini banyak sekali kaum pria yang sangat memperhatikan style pakaiannya.
Oleh karena itu, para lelaki yang ingin tampil modis boleh-boleh saja memakai pakaian apa saja yang disukainya, selama itu masih sesuai dengan norma dan syariah agama Islam. Dan yang perlu diingatkan lagi, selain kain sutera, agama juga melarang kaum pria untuk memakai perhiasan emas. Dari Ali ra berkata: “Saya melihat Nabi Muhammad saw memegang kain sutera di tangan kanannya, dan memegang emas di tangan kirinya kemudian beliau bersabda, “Sesungguhnya dua benda ini haram bagi umatku yang laki-laki.” (HR. Abu Daud)
Dalil atau hadits lainya tentang masalah ini antara lain:
Dari Umar bin Khattab ra berkata,
Nabi Muhammad saw bersabda: “Janganlah kamu sekalian memakai kain sutera, karena sesungguhnya orang yang telah memakainya di dunia maka nanti di akhirat tidak akan memakainya lagi.” (HR. Bukhari Muslim)
Dari Umar bin Khattab ra berkata:
“Saya mendengar Nabi Muhammad saw bersabda, “Sesungguhnya orang yang memakai kain sutera adalah orang yang tidak akan mendapat bahagian nanti (di akhirat).” (HR. Bukhari Muslim)
Dari Anas ra berkata,
Nabi Muhammad saw bersabda: “Barangsiapa yang memakai kain sutera di dunia maka ia tidak akan memakainya nanti di akhirat.” (HR. Bukhari Muslim)
Dari Abu Musa Al Asy’ary ra
bahwasannya Nabi Muhammad saw bersabda, “Memakai kain sutera dan emas itu haram bagi umatku yang laki-laki; dan halal bagi umatku yang perempuan.” (HR. At Turmudzy)
Dari Hudzaifah ra berkata:
“Nabi Muhammad saw telah melarang kami untuk minum dan makan dengan bejana emas dan perak, serta melarang pula untuk memakai kain sutera baik yang tipis maupun yang tebal dan melarang pula untuk duduk di atasnya.” (HR. Bukhari)