As-salamu 'alaikum,

Dear brother and sisters in Islam, there is one initiative from Muslims also please see the following link...

https://www.e-dinar.com/cgi/shop.cgi

May Allah (swt) guide us all.

Imam Mahdi in Makka Ramadan 2010 – Ramadan 2012

Dear Muslim Brothers & Sisters,

Imam Mahdi is neither a Sunni nor a Shia, but a muslim like Rasool (saw) and Syedona Ali (raa).

God says in Quran that Islam is the religion of all prophets & people:  Surat AL Imran & Surat Al  Maa’idah

" إن الدين عند الله الإسلام "  .  " أكملت لكم دينكم وأتممت عليكم نعمتي ورضيت لكم الإسلام دينا "  .

Imam Mahdi is expected to appear in Makkah alone in Ramadan 2010 – 2012.  He will call for 300 men to support him as the Sahabat al Rasool (saw) in “ghazwat Badr” and 10,000 men as the Sahabat in “ Fatih Makka” mostly NON ARAB MUSLIMS (you can be one of them).

Hadith of Rasool (saw) of the corrupt Olama and Rulers which corrupts the world. Meaning the corrupt Mullas/Priests/Rabbis and corrupt Rulers of any nation Muslim/Christian/Jew:

حديث الرسول (صلعم) " إثنان إذا فسدا فسد الدنيا,العالم والحاكم " .

The signs are completing especially after the Gaza and Yemeni wars. God has opened the eyes of BLIND Muslims to the reality of CORRUPT AL SAUD of SAUDI hiding quietly behind the abayat of the hypocrite Mullas “ Al Olama al Munafiqeen” for over 100 years :

-          Dictatorship became Halal in Makka & Madina

-          Stealing billions of dollars of oil, Gold, Gov’t Funds and land became Halal

-          Interest  (RIBA) became Halal in most of the muslim countries

-          Prostitution and Whisky became Halal in many Islamic counties

-          Islamic political Shura & Bait Maal Al Muslimeen disappeared

God has exposed the corrupt Al Saud of Saudi Arabia as Islam’s worst enemy and as the CANCER in the Islamic nation supported by the corrupt Egyptian and Jordanian governments (gangsters).

Many of us know the Arabic saying " حاميها حراميها" “ Haameeha Haraameha” meaning the “Protectors (governments) are the gangsters”. Corrupt al Saud have been conspiring with Terrorist Israelis and corrupt American & European governments (gangsters) for over 60 years thru the (UN) Untied nations where “5 countries in Security Council (US, UK, France, Russia and China) control 200 countries as legal dictatorship and phony democracy !”.

The superpowers in UN and Corrupt gangsters like Al Saud use the UN simply as a tool to legalize stealing the people’s wealth thru massacres, dictators and phony democracy for their Haraam oil wealth, fancy palaces and illegal Power. Where Billions of dollars sit in their Int’l US & European banks while Millions of Muslims suffer from Hunger, Poverty, Ignorance, Unemployment and Disease.

Corrupt Al Saud have even spread their Cancer influence of Saudi Bribes & Threats in (OIC) Organization of Islamic countries where 55 Islamic countries have become useless for 40 years.

Today, Al Quds is lost, Al Azhar al Shareef is paralyzed and GAZA remains under siege by the corrupt Egyptian government (gangsters) as it was during the FATIMEYEN era until it was freed by SALAH Al DEEN Al AYOOBI.

Christian & Jewish armies like terminators movie, kill innocent women and children everyday in Iraq, Israel and Afghanistan legally thru UN & NATO while Saudi sits quietly watching their death.

US wants to control Billions of Dollars of Drug money from Afghanistan & Columbia which is why they are there. With 30,000 more troops to Afghanistan means 30 Billions dollars for WAR not for Schools, Hospitals, Farms and Jobs. Obama like previous presidents is driven by the interests of the Military, Israeli Zionist Lobby and the Oil Companies.

The west also controls most of the world’s oil production & supply in the Gulf countries.

Imam Mahdi like all Muslims will support Nabee Eesa (Jesus) to destroy Anti Christ. The Corrupt governments (gangsters) are part of Anti Christ’s army to create chaos, death and destruction.

حديث الرسول (صلعم) " لاطاعة لمخلوق في معصية الله "  .

Hadith of Rasool (saw): “DO NOT Obey anyone who disobeys God” including your family, friends, and superiors even if you are in the army. Because they will not help you Yom al Qiyama ( Judgement Day).

India became a free country the day that Indians simply refused to obey the corrupt & unfair orders of the British military occupation that was stealing their wealth and natural resources thanks to God & Gandhi.

As the Rasool (saw) said that all humans are Muslims when born, later their parents raise them as Christians, Jews and Buddhists.

Sydna Bilal (raa) was a Non Arab, Salman al Farisi (raa) was a Non Arab, Salah Al Al Deen Al Ayoobi was a Non Arab. We can also be like them IF WE TRY!

Corruption is the source of all terrorism in the world for thousands of years of mankind’s history. Today, Islamic nations are hostages suffering because of their corrupt governments, equally Christian and Jewish nations. Corrupt officials have many faces. They are blacks and whites, Christians, Muslims and Jews. Do Not be deceived by your corrupt gangster governments.

Come, let us build a better future for our children in 2010 onwards. Support Truth & Justice always and fight Greed & Corruption in your families, friends, homes and offices.

See You in Makka Ramadan 2010. Be There!

Assalamualaikum dear sheikh and all brothers and sisters,

I appreciate much  what the brother admin has flagged up against my proposal of establishing Islamic bank.

I have something to defend my ideas_

1. The word ‘bank’ is used here, because it has several functions like – deposit, reserve, channelling money (investment). I omitted the meaning of Riba or interest here, because it will be a bank run by Islamic doctrine on finance. Moreover, bank is a word that people understand easily of a financial institution.
2. Jakat money, which is the right of poor to have, is used not to snatch way what they deserve but to break this chain of economic slavery that the current banking system imposes. It’s been proposed taking account of long term benefit or goal not short term. Poor or destitute may suffer for a year or two, but they will have their shackles torn in the coming days. The proposed Islamic bank recognize this and take full responsibility fearing ALLAH(SWT). To fight against the Dajjal’s system , we must see far like him counting on ALLAH.
3. When people want to withdraw their deposit they can do so in form of Gold/Silver.
4. There will be charges only for services of the Bank.
5. Bank will invest it's money(generated revenue) in a legal profit/loss sharing ratio, justified by both engaging parties. If bank has to use it's clients money, it has to seek permission and must share the profit not loss.

– I proposed this provision thinking it will be a Ihsan for the bank if it uses client’s money to invest somewhere else in profit/loss sharing ratio. I proposed it taking into mind that, The Islamic Bank will use it’s expertise, market knowledge and technology to asses the risk of investment.  I might be wrong or misled in proposing that idea not to share loss with the bank’s clients. I think some how it might open up a new form of Riba!!! Mutual consensus is very important.

Jazakallah

Assalmualikum,

Jakat money is obligatory to give away to the poor and destitutes. So, establishing a bank with that money is like taking a loan from those who deserve it. It is vital to keep in mind that, the bank must return it to the people, who are supposed to be benifitted. After the bank enters into a break-even point or above it, it should seriously consider to give back the money to the people around the world, as the money willbe collected from the muslim states. and a precise account must be kept for the money state wise. So that, the money will be alloted accordingly. Spending the money will take the form of establishment of school, Hospitals, creating business opprtunity and in agriculture. And the Ihsan of the Bank will be keeping the activities afloat from a portion of its profit.

jazakallh

2. Why do you need a bank? Why cant people simply lend, invest etc amongst themselves?
3. And when they withdraw?
5. As long as there are no monthly service fee on loans....
6. Not permitted, all parties in the business must share the risk, including the person who's money it is.

Assalamu-alaikum Dear Sheikh and all the brothers and sisters,

As i started this topic with a hope to come up with an idea and of the others, there seems to be a glowing light. Some really beneficial injection of ideas from brothers and sisters, we have come across here. Now to settle down all the thoughts_

1. We can convert all the jakat money to Gold and Silver, which will brave the storm of Inflation, deflation and other malice.

2. The capital/Equity of the Islamic bank will be reserved as those Gold/Silver.

3. When people will deposit money, will be tranferred to Gold/Silver.

4. Full reserve banking system unlike riba based fractional reserve system. People can withdraw their money anytime full deposit, closing the door to riba, which bank does with peoples reserved money.

5.Bank will charge a service fee depending on the types of services.

6.Bank will invest it's money(generated revenue) in a legal profit/loss sharing ratio, justified by both engaging parties. If bank has to use it's clients money, it has to seek permission and must share the profit not loss.

7. Bank will safe guard the clients money using its expertise and knowledge in the field (buying gold/silver for clients,playing the role of consultant to help starting up halal business, adding value on what it does, investing on agriculture, education, real-eastate and health and lot more benevolent tasks emerged by passing time and demand).

8.The most important thing is to choose the perfect leader and truly educated god fearing workers for the bank otherwise any attempt will surely go to naught.

Please, contact our sheikh and all, if really some one have the tool(s) to implement it. Inshallah, I am with this. Jazakallah

AOA,

I just read an article written by  Muhammad Rafeeq THE FINAL ECONOMIC SOLUTION – S.W.A.T. BONDS. The article (in satire format) really does "bring it home" why we need Islamic banking more than ever.

 http://www.iamthewitness.com/news/2009.06.24-SWAT-BONDS.html

Wasalaam,

 Umar 

Some very good ideas here, however I personally dont like the word BANK ;-)

We can have Baytul Maal (community fund), Wakala's (Exchange/treasury), Qiraad (investment), Shirkaat (Partnership),

Mudarabah (Joint Venture) etc sometimes using other words makes it easier to forget about something...

bismillah

as salamu 'alaikum w.w.

This is possible, very much so in the Muslim Village- lets concentrate on each Muslim Village, please read ' the khilafat-hijaz and the saudi-wahabi nation state'- let us learn from the experience of those who cant act after the sad collapse of the Khilafat, and the precious moments passed, all exhausted and frustarated because they tried to and 'think' globally. Read the Shiekhs(r) exhortation and way forward w/c in summary says-think locally then link back if possible and ready.

Another Book recommended is the 'Gog and magog in modern times', it clearly explains the realities made by these two evil peoples, if we follow their reality, we will be confused and go circles, end up exhausted. 

Questions, are we looking at the right directions?  Are we in a Smoke Screen?

With the two Books as a background, we should think of a bank, not as what we knew today, we can think much clearly if we go back to the Prophets(saw) time. The Sunnah, to be specific. What is a bank in those times? did you remember before the Hijrah that the Prophet(saw) returned all trust to its owners? so his house is a bank. Did you remember the hadith that Shaitan tried to steal on the baitul mal according to Abu Huraira (ra), that was the bank. And many other accounts that a bank deals and keep not only gold coins and silvers.

In the context of a Muslim Village, the 'goods' on that bank (w/c could be a simple house, a part of a masjid, any o space or old warehouse conducive to keeping various goods), this may sound out of this world today, but the 'bank goods' or zakat payment could also be livestocks, excess harvest of various produce, without excluding anything.

The Muslim Village Amir and its Qadi, if a stage is reached of excess good and zakat surplus, they can offer this as a loan to needy muslims in the Village, including non-muslims(in terms conducive for da'wah), now lets expand our minds on two adjacent Muslim Village, with its two Amirs and Qadis, combining resources, able to help more people, whom they know best due to everyday interaction. We can also help those in the nearby villages thus preparing them of other batches of Muhajirs' Arrival, then we can assign them to live there(our Da'wah will become easier).

As stated in our Seerah study and principles, a group of 5 muhajirs can be assigned in each(walking distance) Muslim Villages, we can visit each other and consult, join in task then back again to each respective villages. 

Another scenario, Muhajirs who bought with them 'capitals' could also join together, to act as a 'Islamic Banker' and start to invest their capital into the muslim Village, sharing the risk and profit. This can provide the Muhajirs of much needed income as they stayed and work in the Muslim Villages.Their capital in turn will help those who want to sell or trade but needed only capital. This cycle will create trade and jobs and would be very benificial.

In a big picture, all Muslim Villages each with an islamic bank, helping, combining then dividing, in endless pursuit just to be free of Riba, a living proof of the practicality of Islam.

Again, to emphasize an Islamic bank with cows, horses, goats, sheep, coconuts, vegetables, etc as its loanable capital! Then it can also have the gold and silver coins, scrap and others.

If i am in the Muslim Village InshaAllah, I would prefer a loan of chickens and sold their eggs to the market! so I can pay back my loan...gold coins will have no takers! ha-ha!

Allahu 'alam

as salamu 'alaikum w.w. 

I know of only one bank myself that circulates "real money" but it is not an Islamic bank, it is Native American. If anyone who understands these matter wished to look into it, here is the link - http://www.freelakotabank.com/index.php

"The Free Lakota Bank is the world's first non-reserve, non-fractional bank that issues, accepts for deposit, and circulates REAL money...silver and gold. All of our deposits are liquid, meaning they can be withdrawn at any time in minted rounds.

"Some may confuse our economic structure with isolationism...which it is not. Since we currently produce much more than we consume, we have the right to decide what medium of exchange to accept for our effort. And so, we accept only value for value. Across our great land, over thousands of tribes and merchants participate in our system of trade. We invite others to trade with us and bring value back into our transactions."

"....It is our goal and the mission of the AOCS to provide you with reliable access to investment-grade .999 fine silver in 1.535" 1 Troy Ounce rounds in brilliant uncirculated condition at a fair market price. There are 2 distinct advantages to Lakota silver: first, lead time is one of the shortest in the industry, and second, Lakota silver can be circulated in the AOCS private Merchant barter network."

Another link - http://www.freelakotasilver.com/Merchants.html

''U.S.-ENVIRONMENT: Indonesian mining project posed 'unreasonable 
hazard'  -- The world's largest gold mine, located in Indonesia and operated by Freeport McMoRan, a  Louisiana-based company ............................................"

source:http://forests.org/archive/indomalay/unrehaza.htm 

and look how the muslims treat their oppressor_ 

salam alekum bro adiyat

 your idea about gold and silver bank is good, but do you know any such bank existiing? i read in sheikh's travelguoe, in malaysia or indonesia they were attempting to star one, i don't know they succeeded or not?!

but for some reason,(not to discourage you or crticise you), the gold and silver based babk will be of limited benefits, since its we (the minority), willing to accept such coins, so it will be effective only area wise, not even one whole city wise (becz most people won't be willing to giveup the easily transferable fake money), i feel people at this stage of gog and magog world should specialise in real skills, such as how to grow crops without useing fertilizers (please visti www.oceangrown.com, and www.championtrees.com), how to manage cattles( such as miling them etc), how to built homes for ourselves using basic things such as mud( as our prophet's (PBUH) had made the first mosque of mud [today i know the importance that noble activity, Allah, the Aleem, wanted to give his Prophet's example , to teach us for this day, Subhannall), having said that, there is a sister who is guiding me for this same goal, thats where i am getting all the sources, Masha Allah she is far more prpared in her research, she suggested these two books and i advice every one to get hold of them

1)

The Hand-Sculpted House

A Practical and Philosophical Guide to Building a Cob Cottage

Ianto Evans, Michael G. Smith, and Linda Smiley

2) fit for life  solutions (by harvey diamond)...guide to remain fit without medicines

3)anestesia series (a 9 vlumes books)

please see her channel on youtube

http://www.youtube.com/watch?v=9-cwaLMiSw8&feature=PlayList&p=66945111F9764ADB&index=0&playnext=1

these are my suggestions

salam alekum

 Bismillahir Rahmanir Rahim

Assalumualaikum Dear Sheikh and all the brothers and sisters,

I am glad and gratified by the mercy of ALLAH(SWT) that, some brothers replied to my post with constructive and insightful advice.

Inshallah, i will clarify my stance regarding these again with my weak knowledge of Islam.

First of all, the reason Jakat money, sought for the initial capital; is we don't want to take loan from bank or any other financial institutions as they all trade, based in Riba or Interest. So, Jakat money. in my opinion, is the best source for capital funding as they money is meant to be spending in the name of ALLAH(SWT). This source is only for the very preliminary stage of the Bank.

Second of all, there will be a difference between Charity organisation and proposed Islamic Bank. As at first, the bank will be founded by Jakat money, in the second stage, the main objective of the bank is to provide banking service to the Muslims under the Islamic shariah or doctrine of Islamic financial guidelines. The 'Jakat' money is only preferred here, so is to make certain that, the funding doesn't come from the stream, which is contemporary Riba or interest based financing. The aim is to provide banking service to the Muslims and at the same time helping the destitutes. The bank will perform this by profit it will gain by providing services to the customers, which certainly will not be of Riba or interest based. Only differnce in this banking will be, The founding capital will be raised by Jakat money unlike contemporary banking (Issuing Shares on stock market, central bank loan, selling Bond or guilt etc.)

The main issue is, which type of money. Paper or Gold and silver? Allah knows best. when it will happen. But it will happen inshallah. This issue comprises Political and Economical paradigm and huge influence of Govt. It is certainly a big issue that will determine the existing culture, re-writing again the banking systems and the relation with international economy - which certainly of thought provoking and lengthy. That's why i skipped this issue, as it's in the hand of ALLAH(SWT). We muslims can't find any alternative to the paper money right now in reality. But, Gold and silver will be back Inshallah. So, in this crucial time, we have to act with what we have in hands. If ALLAH(SWT) wishes, the new era of Banking can evolve, which will free all muslims from Riba based oppressive economy. We just have to pray and work towards it by using our intellect and belief in almighty lord. ALLAH(SWT) will fulfill it looking in to our intention.

Still the idea is not fully comprehended. Inshallah, we hope, if we think about it earnestly and pray, we will see the light.

Jazakallh 

salam alekum bro ,

 your idea is good, but the shaikh imran is asking to get off this paper money idea, so ur bank is opposite of hir proposal, becz anyway, money laundering will be traced effectively in future, which won't allow zakat

jazakallah

Salamo Aliekom Addiyat,

I have read your post and what you propose is very interesting indeed, something worth looking at. If I understood right the aim is to collect "zakat" money to fund a bank that would help the less favored on a social, educational, and financial level among others. Let me simply point out some of the obstacles that might enable this idea of actually taking shape ( these points mainly refer to my country and most of the Arab world).

 The "zakat" was the only tax imposed on revenue in the times of the Ummayyad Caliphate under Omar Ibn Abdel Aziz, for example. Today Muslims pay many direct and indirect taxes so many of them do not pay the zakat. I'm not saying this is correct to do as I pay my zakat and pay all taxes imposed on me as well. The few Muslims that I know still give "zakat" are already helping others with it. A bank whose sole purpose is to tackle social hardships and help out, becomes more than a bank. It will be a well structured organization/ charity ect...  This will not be allowed by any of the people in power today. You will be putting an ethically correct bank with islamic principles into place, that is the opposite of what financial institutions do today. 

 I'm not saying your idea isn't good, simply pointing out why it might not be possible, or simply food for thought so that your idea can be polished to actually become possible.

Wa Salamo Aliekom Wa RahmatouAllahi Wa Barakatouh,

Brother Mokbil.

Assalamu'alaikum Dear Sheikh, admin and all brothesr and sisters of Deen-al-Islam

Alhamdulillah! ALLAH(SWT) has shown some of the truth by our beloved Sheikh. Now it's our duty to work for our Lord, the most Merciful and for the Deen of our Rasul Muhammad (PBUH) and to assist in preparation of the arrival of Imam Mahdi and Prophet Isa (May ALLAH be pleased upon them).

We now all know the paper money and the poisons (interest, Inflation, deflation etc.) it emanates. Now, we need to first establish an Islamic Bank to steer way from this cursed 'entitity. But, unfortunately we see all the Islamic states blindly and happily jumping to fire from a hot pan to escape the wrath of poverty by following the zionist and satanist nations who actually brought this wrath indisguise of panacea. But we sholdn't leave the Mast, that our Father Ibrahim(PBUH) founded with belief in the ONE and our prophet, best of human kind, Muhammad (PBUH) had strengthened it with all the best of this world and here after can ever offer.

ALLAH(SWT) knows the best for the happiness of his creatures on earth. That's why he has made 'Jakat' mandatory for all the solvent muslims in the revelation in Holy Quran. With my little knowledge, I know that, that is the key to freedom from the tyranny of Poverty. He is the most Merciful and benificiary to us. Wealth distribution can't be managed in any manner except this divine ordain.

Now, we feel an urge to establish an Islamic Bank to save our Deen and to save the Muslim Ummah and human kind from the savagery of this current satanic Banking Oprression machine. Most of all to show the honour to our lord ALLAH (SWT), as he ought to be honoured.

Now the brief Technical Part of the idea. 

> The capital need for establishing the Islamic Bank can be met in the most appropriate mean, as our Lord would be pleased, by the Jakat - collected by an establish Organisation (bank), whose members would be the most God fearing on earth in their nature and conduct and have the wisdom of Islam.

> It will not be bound in any 'National Status' but with the banner of Muslim under Deen-al-Islam. So, we can help the destitutes muslims in Africa or Asia or anywhere on earth by the Bank's operation to attain the mercy of ALLAH(SWT) and blessing of our Prophet Muhammad (SWT)

> I belive, if all the solvent and rich Muslims around the world pay their Jakat as they must pay by Shariah and fear of ALLAH(SWT), the money will be abundant inshallah to run this huge operation. Mashallah, ALLAH(SWT) has made the Arabs enormously rich. They should realize it in gratitude. We will exclude Govt. at this stage. But thay can come fearing God. Allah is enough for us.

> Once the required capital is rasied, we won't be far behind inshallah.

> The 'Jakat' money is meant to help those who are needy and poor; the banks main operation will be aimed at that only at first, to level the income inequality form the socitey gradually. By creating major opprtunities for destitute people like Education, Environmental enrichment, Health Facilities, Housing, Farming, Helping  to become Entrepreneur and start up small business.

>There will be no profit or Bonus structure for any one. Any excess money will be fed into the system.

>The operational costs will be met - salary, power, establishment etc. in strict following of Shariah and fear of ALLAH(SWT), so that we won't find any excuse to fall in the trap of Riba. For an example - investing banks money some where else where profit will be gained as riba.  

> The Jakat money can be rounded up each year. Transparency is vital as ALLAH(SWT) is watching us in every second we pass. 

> The chairman of the Bank will be a highly respected educated muslim, who have eyes that can see, ears that can hear and a heart that can understand. Mashallah, Our Sheikh Imran is an perfact candidate for the post, if ALLAH(SWT) wills. 

Finally, I'm ashamed that , this idea still has loopholes, created by my little knowledge of Islam. Educated in a western country, still i can't get rid of my false identity that this education has gifted me with. I wellcome any correction or addition of this idea from the brothers and sisters to fulfill it. Inshallah, I will more research the applied methods of this banking system in light of Islam.

I pray to my Almighty Lord, O. Allah! The most beneficient and Merciful, The most knowledged of any knowledge that i can comprehend, Give honour to our Ummah. Make us steadfast and rightepous and freer of this humanity you have created and the example you have shown us by our beloved prophet Muhammad(SWT)    

Jazakallah.