Posts 365+2 O

10 Jul


Bretton Woods Agreement / System ===>> LINK 

Towards the end of World War II European victorious powers called an international monetary conference and invited the rest of the world to attend. 730 delegates from all 44 Allied nations gathered at the Mount Washington Hotel in Bretton Woods, New Hampshire, United States, for the United Nations Monetary and Financial Conference. There were also Muslim countries present, even Saudi Arabia was there. This meeting in 1944 led to the Bretton Woods Agreement which created a new international monetary system. Two important things were agreed upon. Number one, not all the cheques of the world can be cashed except US Dollar. Only this currency can be redeemed for Gold hence US dollar was not Haraam. Second, not every individual can take his US Dollars to have it converted into gold but only governments and central banks can do it. So the system became almost 99.9% haraam. This system lasted from 1944 until 1971. In September 1971, British government approached US government with 3 billion US dollars for redemption (cashing the cheques). But US refused and declared to the world that we gave our word but we don’t have to keep it. So the system collapsed. This way the paper currency became 100% Haraam. But most of the Islamic countries did not recognize it. ………
Riba @ EndTime ===>>
“There will come a time,” the Prophet (SAWS) said, “when you will not be able to find a single person in all of mankind who will not be consuming riba. And if anyone claims that he is not consuming riba then surely the vapor of riba will reach him”. (Abu Daud, Mishkat).

Photo courtesy ===>>


Concept of Sunnah Money ====>> LINK 

Bilal (RA) once came to Prophet (SAWS) with a basket of dates and offered some dates to the messenger of Allah. Prophet looked at the dates and said, “Bilal these are very fine quality dates. Where did you get them from”? Bilal replied that I had two baskets of inferior quality dates and I exchanged them for this one basket of superior quality of dates. That is how I got them. Prophet said, “Bilal! that was the essence of Riba. What you should have done is to sell the two baskets of inferior quality dates and take that money and buy the one basket of superior quality dates.”
Question arises that Umer (RA) exchanged four camels for one and that was not prohibited (harram). So why it is that exchange of dates was declared haraam but not the exchange of camels. For the answer we have to go to another hadith in Sahih Bukhari were Prophet is describing a transaction in which there is an exchange of gold for gold, silver for silver, wheat for wheat, barley for barley, dates for dates or salt for salt. And he is declaring once it is like for like it must be equal for equal. In this hadith there are 6 items mentions two as precious metals and others may be called as commodities. What is that which is common in 6 of them? There are two things. One all were used as money. Second thing is that in all 6 the value of money is in the money in other words in all the six the money had intrinsic value. Here comes the concept of sunnah money which is not known to most of the people. Sunnah money is one of the sunnah of Prophet which we have abandoned today and replaced it with currency notes which is riba (as it has no intrinsic value). Qur’an also mentions sunnah money at various places e.g., Dinaar, dirham (which is a precious metal having intrinsic vlaue)
C/O, ======>>

3) A #Nation of Sheep …… LINK 

4) How A Criminal Syndicate Of Banks Is Raping The Gold Market ! ===>> LINK 

Recomended du῾ā’ to be recited on 15th of Sha’baan ….. LINK 


6) #USA ……  LINK 
An undated aerial handout photo shows the National Security Agency (NSA) headquarters building in Fort Meade, Maryland (Photo: Reuters)
US Senate advances reform bill curbing NSA spy powers


#Khomeini …..  LINK 
এক বিশ্ব বিদ্যালয়ে খোমেনীকে প্রশ্ন করা হয়েছিল কোন ‘আলেমের’ লেখা কিতাব পাঠ করব , সে বলল , Mulla Baqir Majlesi —- এর ফার্সিতে লেখা কিতাব পাঠ কর । তার এসব কিতাবে কি লেখা আছে তা এই lecture থেকে জানবেন ===>> (@ 8m of this video — ,

আরো জানবেন এই লিঙ্ক থেকে ===>>


Introduction to Programming Languages ====>> Lecture – 1 …. LINK 

Lecture Series on Programming Languages by Dr.S.Arun Kumar, Department of Computer Science & Engineering ,IIT Delhi. For more details on NPTEL visit

9) India: Criminal Charges against Narendra Modi & 59 others ….

10) #FED ….. LINK 
It’s the most important financial lesson of your life!

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Posted by on July 10, 2015 in Uncategorized


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