Zakat Program : Silver at Cost Price
Money is the life-blood of economic activity in a soceity and as such, it must circulate for the wheels of production, trade and utilization to keep running. Every economist agrees to this conclusion: they only differ in how to achieve this. Bankers attempt to defend the fraudulant fractional reserve system on this same basis, claiming that in this way, people can both own their money and still allow it to circulate. Sort of like eating your cake and having it too, except that it is technically impossible, and happens only as a ruse, as a complex construct of smoke and mirrors to make everyone feel good about it, before ending in a crash. The Islamic system of Zakat, in contrast to fractional reserve based banking, is the more natural and sound way of making money to circulate and keeping the economic ecosystem in balance. Through it, the rich are to give out a portion of their wealth (not income), and put it into the hands of the poor, thus circulating part of their wealth which would otherwise remain stagnant. Scholars like Dr. AbdulQadir have expounded these economic principles excellently in their research on the Islamic concept of Dawlah - the state of constantly circulating and rotating ownership of wealth. Zakat is considered one of the five pillars of Islam To learn more about Zakat and its rules and regulations, our visitors are encouraged to look up this wonderful website by Hajj Amal Douglas, Zakat Pages. A quick overview of the Zakat rulings are as follows:
Since Zakat must be paid in tangible wealth, one of the primary goals of the Gold Dinar movement is to restore this fallen pillar by once again allowing people to pay their Zakat in tangible assets - Dinars and Dirhams. And by doing so, pass on real wealth into the hands of the people, as opposed to how it is currently hoarded away in central bank vaults, while the people are forced to settle for pieces of paper. Dinar Wakala, in collaboration with local Muslim community leaders in North America, has now started a unique initiative to support the restoration of Zakat on its proper footings: Through our Non-Profit1 Zakat Program. Here are some salient features of how this program will work.
Benefit To Zakat Payers and Recipients
We encourage all of our customers to make maximum use of this program, and ensure that they pay their Zakat in Dinars and Dirhams this year. For any questions, feel free to reach us by email or telephone. Notes:1 Note that Dinar Wakala is a for-profit limited liability company, registered in the State of Texas, and is not a 501(c) non-profit organization. However, the company is voluntarily adopting a non-profit program, as described herein, and has committed to not retain any profit from this particular service of acting as a conduit to allow Zakat payment in gold and silver.
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