KELANTAN EMBRACES SHARIAH CURRENCY AND MOVES AHEAD IN 2011

The historic launch of the Shariah Currency – Gold Dinar and Silver Dirham – on the 2^nd Ramadan 1431H or 12^th August 2010 by the Kelantan Sultanate was indeed historic. On that day people of Kelantan embraced the Sunna Money by free choice. The introduction of bi-metallic currency in this north-east Malaysian state, was a resounding success as it proved once again when the people are given freedom to choose their money they choose gold and silver. The fragments of the launching ceremony can be viewed here.

The dinars and dirhams of Kelantan were sold like a hot pancake: the first batch worth of two million ringgit was sold out before the end of Ramadan prompting Kelantan Golden Trade, the state company in charge of minting and distributing the coins, to restrict the selling of silver dirhams to only those who wanted to pay Zakat with it. Payment of Zakat with gold and silver coins, not promissory notes, is the restoration of the third pillar of the Deen and fulfilment of the most important obligation after the prayer.

After Ramadan the Kelantan government increased the budget for the second batch to RM4 million and it too was sold completely. The third batch worth of RM6 million is now in the process of minting and will arrive to Kuala Lumpur in a matter of days.

The Islamic coins of the Kelantan Sultanate were minted according to the latest international standard of the World Islamic Mint (WIM).

The 12^th August news broke out all over the world, almost all major international media and news agencies highlighted the event. But most significantly the Kelantan’s brave call for freedom resonated among all those who wanted to throw off the chains of evil Usury. Muamalah Council Malaysia’s news centre received numerous emails from individuals, Muslim and otherwise, from around the globe congratulating the government and people of Kelantan and expressing their excitement and solidarity over the cause of our struggle. These are just a few of those letters:

“I am a Christian, but I share your enthusiasm for your people ridding themselves of the control of corrupt, interest-stealing, money-debasing bankers.

Good luck in your endevours.

God bless”,

David Rogers (Canada)

I am not a Muslim but I am very proud of your decision to accept "honest" money. The best of luck to you and remember that each minted precious metal coin is one step further away from the tyranny of the modern banking system. I applaud your decision to promote the protection of "the little person", gold and silver are freedom and you are promoting pure freedom from the chains that bind the world. Thank you for starting the revolution towards true economic freedom.

Thank you from Greece",

Christofer Chalukidi

Wakala Induk Nusantara (WIN), the only accredited minter and distributor of World Islamic Mint (WIM) in Indonesia, has started to phase out the existing coins in the circulation, that were minted according to the old standard of WIM, and replace them with the new standard coins. “Within first half of the next year we’ll complete the transition to the new standard that will give our customers added value coins not only due to improved quality and enhanced counterfeit level, but most importantly, 1:1 ratio exchange with other coins of the region” said Zaim Saidi, director of WIN and the leader of the biggest dinar movement in the world. WIN is already using WIM stickers “We Accept Dinar and Dirham” within its network of shops and traders, called “Jawara”.

The Muslim communities in Europe, Australia, United States are starting to distribute WIM coins in their places. This year saw the launch of much-awaited project "Dinar People", a new online market place and directory where Dinar users and supporters can meet like-minded people from around the world. This network serves as a real-time virtual open market place where anybody can communicate, interact and initiate commerce with other members.

The government of Pakistan plans in 2011 to hold its first international Gold Dinar Forum. And next year in June there will be 2nd World Conference on Riba to be hosted by Nigeria, the country where Gold Dinar movement promises to explode next.

As of now more than 1,500 shops and business outlets in the state of Kelantan accept the Shariah Currency as of now, and, according to the CEO of Kelantan Golden Trade Hj Umar Vadillo, next year it is expected 20,000 shops only in the state of Kelantan will be accepting the Islamic medium of exchange. Customers can identify those shops by the sticker “WE ACCEPT DINAR AND DIRHAM” issued universally by World Islamic Mint and check the list of the shops and wakalas in the KGT’s website: www.dinarkel.com

In 2011 the government of Kelantan will introduce Wadiah institutions that will provide safe-keeping service and also act as Wakala to facilitate payment operations upon instruction of its clients. The Kelantan wadiahs are fully developed and endorsed by WIM. Along with Wadiahs Malaysians will be introduced to an SMS service that will allow them to know the real-time price of dinar and dirham daily by automatic SMS update; the subsrciption to the service to be renewed annualy.

This will be the first localized Wadiahs in the modern history that are 100% Shariah-compliant (e-Dinar being the first international wadiah) and the Kelantan’s model will be replicated throughout Malaysia and the world creating a multitude of local repositories plugged in the single data base, e-Dinar.

Early next year there will be set up Gold Dinar Cooperative with headquarters in Kuala Lumpur. The cooperative will register Halal money users nationwide and mobilize them into a social movement for economic freedom. Under the cooperative there will be conducted activities such as training programs, seminars, publications, information bureau. The registration has already started, for enquiries please email to: This e-mail address is being protected from spambots. You need JavaScript enabled to view it .

Since August 12 the silver dirham appreciated vis-à-vis ringgit by 45%, gold dinar by 10%. Anybody interested to obtain Kelantan dinars and dirhams can do so at NUBEX SDN BHD, the official distributor for Kelantan Golden Trade in Kuala Lumpur. If you want to become an agent you need to contact Nubex and register for training seminar.

The price of dinar and dirham can be viewed 24 hours live at the official websites of the World Islamic Mint: