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