as-Salamu 'alaykum, Br. Syed It doesn't take much contemplation to identify this response as a red herring (totally irrelevant to the point). It reminds me of the technique used by the Russians to land planes at the Kabul Airport during their occupation of Afghanistan. They would spiral downward, firing off flares as they descended, in order to make heat-seeking missiles seek out the flares instead of the plane. What does this have to do with anything? ma' as-salaamah,
________________________________ From: Syed Hoque <[email protected]> To: [email protected] Cc: IIUM Muamalat-Circle <[email protected]> Sent: Wed, April 14, 2010 3:15:33 PM Subject: [Nidal_IslamicFinance:1789] Re: Great Quote from ibn Qayyum Al-Jawziyyah's book (al-Turuq al-Hukmiyyah) on currency manipulation That raises a question: 1. Could the Zionists have learned something from this quote, and broken the Ottoman Empire so they would be able to introduce paper currency and fraction reserve bank through the Fed Reserve Act of 1913. Oh, don't forget the false-flag financial crisis (engineered in 1907) to justify the creation of The Federal Reserve in 1913 to 'stabilise the financial market' - just like UN was created for the purposes of promoting peace around the world, and the two world wars to end all wars. Give me break! This is Dajjal speak as we were warned by the Prophet (pbuh). Dajjal will show two ways one looking like hell and one looking like Paradise. The Prophet (pbuh) asked us to take the path that looked like Hell in Dajjal's perspective, because that would lead to True Paradise, i.e. the difficult path where holding onto one's Deen would be like holding onto a burning charcoal. wassalaam, Syed --- On Wed, 14/4/10, Syed Hoque <[email protected]> wrote: >From: Syed Hoque <[email protected]> >Subject: Great Quote from ibn Qayyum Al-Jawziyyah's book (al-Turuq >al-Hukmiyyah) on currency manipulation >To: [email protected] >Cc: "IIUM Muamalat-Circle" <[email protected]> >Date: Wednesday, 14 April, 2010, 7:04 PM > > >Salaam...here is a good quote about what happens when people tamper with >currencies: > > > >A prominent jurist of Hanbali School, Ibn >Qayyum al-Jawziyyah (1292-1350CE / 691 AH - 751 AH) in his famous book al-Turuq >al-Hukmiyyah said[1] (rahimu Allah): > >“It is illegal for anyone to corrupt >(ifsad) people’s money or currency or to cause changes or fluctuations in its >value. Similarly, it is illegal to treat >money as commodity of trade, otherwise, serious problem will be faced by the >people in the scale only Allah will know its magnitude. What is required is >that money should be >treated as capital for business and not commodity for trade, and when the >government prohibits the use of any currency, such must be accordingly withdraw >from circulation”[2] > > > ________________________________ > > > >> >[1]"Currency >Fluctuation and its Effects on Debts and Obligations in Islamic Law", Dr. >Zainal >Azam ibn Abdul-Rahman, Jul 2001, IKIM Law Journal, Vol. 5, No. 2, pp.21-38 >> >[2]See economic review of this book in Rifat al-Iwadhi, >1985, Min Al-Turath al-Iqtisad li al-Muslimin, p. 245 >> >Keep me in your Du'a...wassalaam, >Syed > >--- On Wed, 14/4/10, Nidal Alsayyed <[email protected]> wrote: > > >>From: Nidal Alsayyed <[email protected]> >>Subject: [Nidal_IslamicFinance:1785] 90% of rizq (provision) is from >>trading'....'2/3 of fiqh is about trading' and '90% of rizq (provision) is >>from trading'. >>To: "Nidal_IslamicFinanceGroup" <[email protected]> >>Date: Wednesday, 14 April, 2010, 5:56 PM >> >> >>Assalam Alikum Wa Rahmatu >> Allah Wa >> Barakatuh; >> >> >> >> >>'90% of rizq (provision) is from trading'....'2/3 >> of fiqh is about trading' and '90% of rizq (provision) is from >>trading'. >>>>Islamic trading is based on >>1) Money - gold dinar and silver dirham. The medium of exchange has >>intrinsic value, acceptable by the people with mutual consent. It is a >>tangible asset ('ayn'). It is not a 'promise to pay'. It is not debt. >>The usurious banking institution is a fraud, extortion and a form of >>slavery. >> >>2) Suq and Waqf >>>>(Open markets - open & free public institutions for retailing) 90% >>traders in the Market of Medina were women. 60% of buildings in the >>cities were trusteed as waqfs (given as public use). The adab of the >>suq is like the adab of a masjid. No privatisation. No monopolies. No >>fees. No rent. No 'booking' of spaces. No hoarding. No manipulation of >>prices. No 'futures'. No BANKS! >> >>3) Qafilah (Caravans) - >>>>Wealth of cities were from caravan traders. Caravan routes were >>protected by the public. It was the interest of the people to care for >>these non-usurious networks for pure trading. Caravan serais were built >>in the suq to welcome and look after the caravan traders. Umar >>ibn-al-Khattab took the caravan traders as his personal guests and gave >>them the highest hospitality. Inter-city trading multiply the wealth of >>the people. >>>>City dwellers invested in the caravans. >> >>4) Guilds (the organisation of society of men - a system of governance). >>>>Societies were organised around the guilds. Guilds look after each and >>every individual. Masters and apprentices have equal representations in >>a guild. >>>>The armies were organised among the guilds. No soldier who was not a >>member of a guild. >> >>5) 'Qirad' (contract for financing trading) >>>>The contract between Rasulullah (saw) and Saidatina Khadeeja was a >>'qirad'. >>>>Contracts in the caravans are through 'qirad' ( Word qirad was used in >>Medina, which is the same for 'mudharaba' as used in Iraq). >> >>6) 'Shirkah' ( contract for partnership in a business). >>>>Contracts in the guilds are through 'shirkah'. >>>>There is no 'dormant (sleeping) partners' in the contract of'shirkah'. >>One cannot put in capital and take advantage of the labour of others in >>the 'shirkah'. Otherwise, it is a loan. >>>>Ownership of the business is existential ie. if you have even 5% >>ownership, you are still an owner and can decide on the business. You >>are not an owner if you cannot decide. >>>>No such thing as majority ownership. It is unjust to decide on the >>result of the business if you only own 51% of business. >> >>>>These are all contractual with Allah. You obey and you will succeed. >>>>( Discourse given by Umar Pasha 9 April 2010 ) >> >>>>'When Shaykh Abdul Qadir as Sufi was asked what books of reference to >>read on the issues of trading, he answered " Do not read anything that >>is written in the last 100 years " - meaning they were written by >>modernists !!' >> >> >>--Transcribed by Alawiyah >>Abdul Rahman Vadillo. >> >>http://www.facebook.com/notes/alawiyah-abdul-rahman-vadillo/90-of-rizq-provision-is-from-trading/382589572738 >> >> >> >> >> >> >>ALLAH BLESSES MOHAMMAD AND GIVES HIM PEACE >> >>Your Brother; >>NIDAL ALSAYYED, PhD Researcher at ISRA ( www.isra.my ), >> MSc, CIFE™ >>Islamic Economics, Banking and Finance >>Kuala Lumpur, Malaysia >>Tel. +60172559700, Fax. +603 414 70700 >>Email(1): [email protected] >>Email(2): [email protected] >> >> >>On Google: http://groups.google.com/group/nidal_islamic-finance >>On LinkedIn: http://www.linkedin.com/in/alsayyed >>On Skype: >> nidal_IslamicFinance >> >> >> >> >> >>-- >>>>You received this message because you are subscribed to the Google >>>>Groups "Nidal_Islamic Finance" group. >>>>To post to this group, send email to >>>>[email protected] >>>>For more options, visit this group at >>http://groups.google.com/group/nidal_islamic-finance?hl=en?hl=en >> >Send instant messages to your online friends http://uk.messenger.yahoo.com Send instant messages to your online friends http://uk.messenger.yahoo.com -- You received this message because you are subscribed to the Google Groups "Nidal_Islamic Finance" group. To post to this group, send email to [email protected] For more options, visit this group at http://groups.google.com/group/nidal_islamic-finance?hl=en?hl=en -- You received this message because you are subscribed to the Google Groups "Kantakji Group" group. To post to this group, send email to [email protected] To unsubscribe from this group لفك الاشتراك من المجموعة أرسل للعنوان التالي رسالة فارغة, send email to [email protected] For more options, visit this group at http://groups.google.com/group/kantakjigroup?hl=en سياسة النشر في المجموعة: - ترك ما عارض أهل السنة والجماعة. - الاكتفاء بأمور ذات علاقة بالاقتصاد الإسلامي وعلومه ولو بالشيء البسيط. ويستثنى من هذا مايتعلق بالشأن العام على مستوى الأمة كحدث غزة مثلا. - عدم ذكر ما يتعلق بشخص طبيعي أو اعتباري بعينه. باستثناء الأمر العام الذي يهم عامة المسلمين. - تمرير بعض الأشياء الخفيفة المسلية ضمن قواعد الأدب وخاصة منها التي تأتي من أعضاء لا يشاركون عادة، والقصد من ذلك تشجيعهم على التفاعل الإيجابي. - ترك المديح الشخصي. 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