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Seeing gold & silver: World Islamic Mint - Role, Purpose, Objectives

Original Article Source: The Halal Journal Jan/Feb 2011

The long vision of the Gold Dinar is the full implementation of Mu'amalat according to the Amal of Madina al-Munawwara.  Fiat currencies are not our way.  They are part of banking, they originate from banking and we continue to use them as a result of the elimination of freedom represented by the crowning of capitalism in our constitutions. When you intend to replace a system such as capitalism with something entirely new such as Mu'amalat, you need to understand priorities, but also boundaries. Even though you are starting with something small, you cannot compromise the meaning of what is Halal and what is Haram.  Therefore if you do something and you want to differentiate it by calling it Islamic, it must be Islamic, rather than “almost Islamic” or “our intention is Islamic”.  This is not acceptable. I decided to start with the Dinar. This is the seed. The first thing is to get gold and mint the coins. There you have the first Mint. We call it Islamic Mint. We had several Mints. Then we decided to create World Islamic Mint (WIM) as a guarantor of the standards.

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