Monday September 25, 2006
MB: Gold dinar a form of investment
KOTA BARU: The Kelantan government has no hidden agenda in issuing
its own gold dinar and silver dirham coins despite reservations from
certain quarters.
Mentri Besar Datuk Nik Abdul Aziz Nik Mat said the decision to launch
the coins was to encourage people to invest in the commodity which
would appreciate more than currencies.
He said it was a saving scheme which could enable people in Kelantan
to increase their savings and reinvest in areas such as the haj
pilgrimage and zakat contributions.
"It is not about opposing the conventional ringgit currency system or
Bank Negara's monetary policy," he said.
"There is no harm in introducing them, especially when they are legal
tender in the Islamic financial system," he said after opening the
state farmers' organisation annual general meeting.
On the state's stand on manufacturing, he said the state preferred
traditional income from agriculture which had great potential for
improvement.
Manufacturing, he added, was encouraged but the state must be
cautious in approving new projects as factory workers were usually
associated with a rise in social ills. //Thestar
Yahoo! Groups Links
<*> To visit your group on the web, go to:
http://groups.yahoo.com/group/perakan/
<*> Your email settings:
Individual Email | Traditional
<*> To change settings online go to:
http://groups.yahoo.com/group/perakan/join
(Yahoo! ID required)
<*> To change settings via email:
mailto:[EMAIL PROTECTED]
mailto:[EMAIL PROTECTED]
<*> To unsubscribe from this group, send an email to:
[EMAIL PROTECTED]
<*> Your use of Yahoo! Groups is subject to:
http://docs.yahoo.com/info/terms/
