Abu Bakr Rieger also spoke in detail about the role of the organization, explained to students the importance of the third pillar of Islam - the cleansing of the tax paid � 'zakat'. 'Zakat is necessary for solidarity between the rich and the poor. Islam has nothing to do with communism. Zakat picks up 2.5% and communism picks up 100%. But the capitalist system is something other than Islam'. He also said that zakat can not be paid by the usual paper money, but gold dinars and silver dirhams.
Umar Ibrahim Vadillo, one of the sponsors' gold (Islamic) dinars, told the audience the fact that 25% of wages were paid in dinars and dirhams in Kelantan - Sultanate in northern Malaysia'. Fifteen hundred stores are stuck with a sticker informing that there are accepted dinars and dirhams. 'It is planned that over 20 000 shops will be with stickers by the end of this year', - said Umar Ibrahim Vadillo. He also said that other states of Malaysia and many Islamic countries have also expressed interest in the project. Project 'Golden Dinar' involves the creation of an international currency for the inside - and foreign operations among its members and building a sound financial system. Implementation of the project also involves a return to the gold standard, that is, the monetary system under which cash can be freely exchanged for gold. Capital must be backed by gold, not paper money, which can be printed in any quantity', - Umar Ibrahim Vadillo considers.
Founder of the payment savings E-dinar also said that now all present at this meeting may use the services of the electronic payment system, which provides an opportunity to convert their funds into gold, and if necessary to convert the money into any currency. 'The account is opened free of charge, over 5 million people use the system, there are the prime ministers of two countries who have accounts in the E-dinar', - he says.Umar Ibrahim Vadillo - a native of Spain, grew up in a Catholic family, but had converted to Islam as a student in Madrid 25 years ago. One of the participants Hassan Nakada (Nakada Kou.), a leader of organization with a membership of 100,000 Japanese Muslims, snapped the first Japanese dinars with the help of his funds. He showed coins with the hieroglyphs on one, and Arabic script on the other side to students and teachers of the Faculty of Economics. European Muslims minted first Islamic dinar and dirham in 1992 in the Spanish city of Granada.
Then the guests of the meeting answered all the questions of future economists and their teachers. Abu Bakr Rieger informed that the questions, which are not raised during the meeting, or those that still appear, can be answered by visiting their site GLOBALIA Magazine or by sending an email to info@globaliamagazine.com.
He is the editor of the magazine. With a system of E-dinar can be found by visiting the website www.e-dinar.com. Students once again convinced that the best asset of this world is knowledge that will never be subject to inflation and not lose its value when dealing with such interesting people.�
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