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Admin Hijrah Dinar
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Sunday, 25 September 2011
September 24, 2011
The drop in gold price was the worst since the 2008 banking crisis. — Reuters pic
Written by Lim Siew May of theedgemalaysia.com
KUALA LUMPUR: Gold’s reign as a safe haven investment is strengthening. The price of the precious metal has almost doubled within a year — it was traded at only US$1,192.51 (RM3,584.69) an ounce a year ago and hit a high of US$1,800 an ounce on Aug 11.
As an investment, gold is held mainly for capital appreciation. But its popularity and security has prompted lenders to create a new mode of financing. Islamic pawnbroking schemes offered by Bank Rakyat and Agrobank allow borrowers to use gold coins or jewellery as collateral. Designed to adhere to Islamic laws, borrowers pay a safe-keeping fee, as opposed to a compounding interest rate.
Friday, 23 September 2011
A recently released WikiLeaks cable shows
that China is converting much of its foreign holdings in gold; far away
from the U.S. dollar.
A majority of China's gold reserves are located here in the U.S and in some European countries.
While the U.S. and Europe have an
alternative agenda to dissuade people from viewing gold as an
international reserve currency, China's upping their ante. In doing so,
China aims to push other countries towards reserving in more and more in
gold; leaving the U.S dollar by the wayside.
1) Economy
The U.S. manufacturing base has been shipped overseas. The few jobs being created are in the service industry or government sector. The official unemployment rate hovers near 10%, and 1 out of every 8 Americans is on food stamps. The 2008 economic implosion destroyed the real estate market, sent foreclosures skyrocketing, and swallowed up a nearly $1 trillion bailout... and yet, most experts predict the worst is still to come.
The U.S. manufacturing base has been shipped overseas. The few jobs being created are in the service industry or government sector. The official unemployment rate hovers near 10%, and 1 out of every 8 Americans is on food stamps. The 2008 economic implosion destroyed the real estate market, sent foreclosures skyrocketing, and swallowed up a nearly $1 trillion bailout... and yet, most experts predict the worst is still to come.
Wednesday, 14 September 2011
DEFINASI ZAKAT
Dari segi bahasa:
Kebersihan, kesucian dan memperbaiki
Kesuburan dan pertambahan
Dari segi istilah syara’ :
Mengeluarkan sebahagian dari harta tertentu untuk diberikan kepada orang-orang yang berhak menerimanya apabila telah memenuhi syarat-syarat yang ditetapkan.
Dari segi bahasa:
Kebersihan, kesucian dan memperbaiki
Kesuburan dan pertambahan
Dari segi istilah syara’ :
Mengeluarkan sebahagian dari harta tertentu untuk diberikan kepada orang-orang yang berhak menerimanya apabila telah memenuhi syarat-syarat yang ditetapkan.
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