Is Currency Exchange Haram Also?

[DR OSMAN]

The idea behind Islam ruling is 'money has no value' and is just transaction tool. If this is the case, why is it my Australian dollar has more value in Somalia then it does in Australia? Why is it currency exchange rate fluctuate daily on prices meaning the currency itself has value. For $20 dollars in Australia I can buy one packet of cigarettes. For the same $20 dollar note, I can purchase 10 packet of cigarettes at 2 dollars per pack. How is it currency has no difference in value? Do Islamic religious people even understand the concept of the market place they make rulings for?

I want to free up Somalia to join Ribah, the whole world is in Ribah anyways, no-one really escapes it. Every employee you see in the western world works for a business that began in ribah, they're salary is ribah, when Somalis return money to Somalia it's all from Ribah.

When Somalis sell livestock to arabs, arabs buy our livestock with ribah money becuz the arabs made they're money from selling oil to ribah countries. Our Somali govt receives ribah budget support and project support, since these donors money come from taxpayers in the western world who work for companies that started on ribah.

Even the charities and NGO they source they're money from ribah countries and then give Somalia rice bags and and saliid in IDP camps. Ribah is engrained at every level of society even at charity level. It is the economic reality of the world market, everything began with ribah and interest based loans since banks are the engine of the western world.

 

[DR OSMAN]

If currency has no inherent value according to these baboon religious clerics. Then why don't they swap me $100 dollars and I will give them $100 shillings. LOL, they live in delusions. The reason currency has different values is because some currencies are strictly adjusted for RIBAH, while your useless somali currency isn't and that's why it's worthless in the market place. Your not adjusting to the rules of the economic landscape.

That's why your people are dying and waiting for sadaqo since your government has no central bank ensuring the somali shilling value goes UP or DOWN depending on business activity, not just sit there like it has no inherent value, it does. Your govt is responsible to make your currency reliable and it has to include ribah consideration or else it's garbage. The jews have created the economic climate, either u adapt to it or die as a nation, that's the only two choices u have. Make your decision.

 

[Tukraq]

Why would money not have value?

 

[Dues Ex Machina]

“Money” can be considered as any medium of exchange. However currency or paper money is inherently worthless since it has no tangible worth unlike livestock or precious metals. So a countries currency is backed only by the amount of gold they have in reserve or in some cases the trust that others have in the worth of that currency. The future of currency will be undoubtedly cryptocurrencies.

 

[TekNiKo]

Money has no "intrinsic value" if the markets were to crash today, they would become worthless while metal based currencies (Quranic economic model) (dinar, dirham) have real value and are timeless. You cannot just print gold and silver, its a limited resource

 

[DR OSMAN]

It's funny that u say currency has no value but none of you will switch me 100 shilling for 100 dollars. That just proves you have no clue what you speak on. Currency does have value, not all currencies are equal either. Currency is what allows u to buy products and good.

There isn't enough gold to underline the economy anyways. Gold is limited, the economy isn't limited and can grow to amounts outstripping reserves of gold. But like I said if currency is useless, why don't u trade me 100 USD for 100 shilling Somalia, u will see what u say holds no water. If u took away currency today, no-one would be able to purchase a single product or good or service. Currency is critical to an economy or business transactions are finished. I am not going to trade u 10 camels for 10 rice bags waryaa.

@TekNiKo @Dues Ex Machete @Tukraq

 

[Dues Ex Machina]

It's funny that u say currency has no value but none of you will switch me 100 shilling for 100 dollars. That just proves you have no clue what you speak on. Currency does have value, not all currencies are equal either. Currency is what allows u to buy products and good.

There isn't enough gold to underline the economy anyways. Gold is limited, the economy isn't limited and can grow to amounts outstripping reserves of gold. But like I said if currency is useless, why don't u trade me 100 USD for 100 shilling Somalia, u will see what u say holds no water. If u took away currency today, no-one would be able to purchase a single product or good or service. Currency is critical to an economy or business transactions are finished. I am not going to trade u 10 camels for 10 rice bags waryaa.

@TekNiKo @Dues Ex Machete @Tukraq

Well obviously when you compare the "shilling" to the "dollar" theres a significant difference due to the economies that back those different currencies. The US dollar is trusted only due to the dominance the US has had on the world and the shilling is weak due to the disastrous economy behind it. We use it only based on faith. This faith was substantially increased when the petrodollar was introduced. So whenever a nation calls to buy oil in gold US national security is at stake.

If hyperinflation occurs in a economy and the currency loses its value its worth as much as toilet paper. Inversely the amounts of gold in the world is limited and so are camels which means they have tangible value and rare qualities. These constitute real mediums of exchange. In many of your threads you conflate matters that have nothing to do with each other.

 

[DR OSMAN]

Well obviously when you compare the "shilling" to the "dollar" theres a significant difference due to the economies that back those different currencies. The US dollar is trusted only due to the dominance the US has had on the world and the shilling is weak due to the disastrous economy behind it. We use it only based on faith. This faith was substantially increased when the petrodollar was introduced. So whenever a nation calls to buy oil in gold US national security is at stake.

If hyperinflation occurs in a economy and the currency loses its value its worth as much as toilet paper. Inversely the amounts of gold in the world is limited and so are camels which means they have tangible value and rare qualities. These constitute real mediums of exchange. In many of your threads you conflate matters that have nothing to do with each other.

Every currency has to base itself of a legal tender in a country. USD is the most popular, but you can base it of any currency as long as that currency can be used for transaction. Currency is for transaction nothing else your making it as if it's some complex area.

Without currency, the ability to transact is over. The question only is which currency is most used? it's the USD. But I can still create a 'virtual' currency and break up the units to measure it against any legal tender what my 'virtual' currency is. This isn't rocket science at all. But u ignore 'ribah' is engrained at govt level who set's interest rates on they're currency so it doesn't lose value and keeps up with growing economy. U can't have something like GOLD that is stable in price and the market is growing, the gold loses value. Ribah is reality, banks are engines of economy, and govt regulate the interest to ensure the currency keeps up with the market demand for transaction.

The reason the shilling is worthless is cause you don't set interest rates to keep up with your market because u still believe in this bullshit limited gold reserve shit which won't keep up with market demand. The problem with gold is, the price is set where-as with currency is can be manipulated like trump said about currency manipulation of china. You can manipulate the worth of your currency. The only way to do is thru RIBAH.

I am not sure why you denying interest rates are set by govt and then banks set interest rates following govt guidelines, they then add 'profit margins' on top of the govt set interest rate and compete on copetitive loaning, YOU DONT KNOW SHIT WARYAA STICK TO GEDO u basket case when 50 CENT BRINGS U RIBAH CHARITY.

 

[DR OSMAN]

@Dues Ex Machete When u perform currency manipulation and yes it's very easy to do and it's called applying interest on the currency. The second u apply interest, you then supply enough cash funds to banks based on how much interest u added for that year. So for that year you fill your banks up 1-3% more cash supply because u just applied 1-3% ribah on it. Money on Money weeye.

The only way to manage a growing economy is not to base line it of stable commodities like gold since gold is hard to manipulate in supply since it's not in great enough supply to adjust the economy based on the predicted activity your govt foresees for the year. If you don't have interest rates, u won't know how much to supply your banks each year in currency, you damn basket case. I am not sure how a marehan is involved in govt topics when GEDO looks like that. U want to turn us into a DAMN GHETTO do u with your WARPED un-scientific bullshit.

U clearly have no clue what ur talking about when u said crypto is the future. No it's not. Crypto doesn't do lending and borrowing, this must be only BANKS since it's governed by the govt to control the economy. Crypto is no different to E-DAHAB or ZAAD and that shit in Somalia, it's to purchase stuff. It's got nothing to do with banking, BANKING IS SERIOUS WARYAA AND MUST COME UNDER GOVT SUPERVISION or the whole economy can go haywire if not controlled.

 

[DR OSMAN]

@Dues Ex Machete don't u ever see those ARMED VEHICLES carrying cash from the GOVT to each private bank. Why? cause the govt prints the money, it's set the interest meaning the supply for each year to each bank. As a bank u must come under government supervision. Your cash supply must be the government ONLY, not suuq madow like your used to in GEDO where it's an uncontrolled economy. But u deny RIBAH so there is no point discussing this matter, since ribah is the heart of banking, to deny it, means banking as we know ceases to exist, our market place crashes as it becomes uncontrolled. Investors run not trusting the country with such an unstable banking system. Poverty increases as borrowing/lending ends meaning ppl can't take out morgages, ppl cant apply for business loans, you dumb f*ck ISKU DHIB PUNTLAND DOQON LOW IQ BA TAHAY you should never be anywhere near a govt.

PL is predicting $450 million in 3 year time frame. A proper govt ensures there is enough Somali shillings year by year in those 3 years to support this activity when those dollars flow in, we want them using our legal tender so we can control our economy thru ribah, not be reliant on USD economy or else why are u govt if you can't control your market place and rely on floating dollar to decide your market place which is another govt which is also RIBAH BASED.

I pray ribah is opened up in Somalia or else we cannot have an economy. We can only develop charities and ngo and recieves supplmentary budget support thru nations who are RIBAH based. So u still be eating ribah thru charity function and ngo and western govt giving money to your govt since they want to deny the ECONOMIC LANDSCAPE of today is RIBAH based. There is no other economic model in the world.

Every dollar circulating in Somalia waxaa laga keenay american banks and american banks waa RIBAH, iska tura lacagta hadi aadan ribah rabin. It's reality, wake up somalis to begin ribah or else you hurting our nation. Each nation must be ribah based or else u cant control your economic activity.

 

[XaawoLuul]

The idea behind Islam ruling is 'money has no value' and is just transaction tool. If this is the case, why is it my Australian dollar has more value in Somalia then it does in Australia? Why is it currency exchange rate fluctuate daily on prices meaning the currency itself has value. For $20 dollars in Australia I can buy one packet of cigarettes. For the same $20 dollar note, I can purchase 10 packet of cigarettes at 2 dollars per pack. How is it currency has no difference in value? Do Islamic religious people even understand the concept of the market place they make rulings for?

I want to free up Somalia to join Ribah, the whole world is in Ribah anyways, no-one really escapes it. Every employee you see in the western world works for a business that began in ribah, they're salary is ribah, when Somalis return money to Somalia it's all from Ribah.

When Somalis sell livestock to arabs, arabs buy our livestock with ribah money becuz the arabs made they're money from selling oil to ribah countries. Our Somali govt receives ribah budget support and project support, since these donors money come from taxpayers in the western world who work for companies that started on ribah.

Even the charities and NGO they source they're money from ribah countries and then give Somalia rice bags and and saliid in IDP camps. Ribah is engrained at every level of society even at charity level. It is the economic reality of the world market, everything began with ribah and interest based loans since banks are the engine of the western world.

Stopped reading past that. That literally makes no sense.
Adeer go back to your books. You clearly have no understanding of basic economics.

Mj iyo ilbaxnimo xoog lagu raadiyo

 

[DR OSMAN]

Stopped reading past that. That literally makes no sense.
Adeer go back to your books. You clearly have no understanding of basic economics.

Mj iyo ilbaxnimo xoog lagu raadiyo

Xaawo what is your clan

 

[XaawoLuul]

Xaawo what is your clan

Not gonna say bcos I dont want to boast

But real talks, what youre essentially just saying is let’s all take part in the global ribah feast bcos thats how the world runs when a)we’re muslims so we dont live for the dunya *anyway* and b)islam never came to bow for status quo-islam was revolutionary and challenged every aspect of everything that was accepted by the world at the time so Osman come with smthing better next time or be a good boy like adeerka gaas and be timely with your Prozac

 

[DR OSMAN]

Not gonna say bcos I dont want to boast

But real talks, what youre essentially just saying is let’s all take part in the global ribah feast bcos thats how the world runs when a)we’re muslims so we dont live for the dunya *anyway* and b)islam never came to bow for status quo-islam was revolutionary and challenged every aspect of everything that was accepted by the world at the time so Osman come with smthing better next time or be a good boy like adeerka gaas and be timely with your Prozac

I just want to know your clan, once I know I can judge you

 

[PhySom]

You are right doctor. Only through lending mechanisms can the populace build a buisness and add to the economy. Without it, the system will lead to stagnation and inequality. The nations which ban interest are economically poorer than those who don't and often less productive.

Puntland can set up a national bank which lends to regional banks, the latter would offer loans to small buisness and increase regional growth. This is what Rwanda did.

 

[PhySom]

Not gonna say bcos I dont want to boast

But real talks, what youre essentially just saying is let’s all take part in the global ribah feast bcos thats how the world runs when a)we’re muslims so we dont live for the dunya *anyway* and b)islam never came to bow for status quo-islam was revolutionary and challenged every aspect of everything that was accepted by the world at the time so Osman come with smthing better next time or be a good boy like adeerka gaas and be timely with your Prozac

What a hideous trash bag kkkkkk

Your type of people can't understand the complexity of a global economy. You think binary , intelligent people understand that most systems are gray.

If you "don't live for dunya" why don't you let us manage how we can run a nation to help our future children. Islamic fundamentalism is the status quo in a large portion of the world and they all combined produce less scientific research then France.

 

[PhySom]

I just want to know your clan, once I know I can judge you

Doctor, this is your one flaw, clan tells you nothing about a person. However it does expose group thinking.For instance a herd of cows running towards you is dangerous but its individuals might be fluctuating direction.

 

[DR OSMAN]

What a hideous trash bag kkkkkk

Your type of people can't understand the complexity of a global economy. You think binary , intelligent people understand that most systems are gray.

If you "don't live for dunya" why don't you let us manage how we can run a nation to help our future children. Islamic fundamentalism is the status quo in a large portion of the world and they all combined produce less scientific research then France.

Yeah bro, these islamic fundamentalist are making us poorer, that's why they say 'religion' makes society backward, they don't want to accept the world they live in has changed since they believe the religion cannot change. So now what do we have bro? we live from sadaqa from western countries, we can't even fund our own govt, we can't employ our own people, our research sector is dead.

Why u think Japan is richer then all islamic countries combined? it's because they 'planned' they're economy thru ribah they made money from money itself which is fundamental problem in Islam, where they teach money has no intrinsic value, if that's the case I won't ever see these muslims give me $100 for my $100 shillings, they are full of lies u see.

They know deep down money has value and what gives it value is 'interest' or else that money will never grow and catch up with market prices. The money will die and not be able to purchase anything. That's why strict controls are in place to ensure interest is applied to each financial year and this means either 'supplying' more money to banks and they won't supply more money if there is no guaranteed economic activity happening in that year.

They list down all the 'business activity' that will occur and then work out last year economic activity and apply formulas on how much supply of cash needs to be provided to each bank. Interests are SET by government. The banks then compete on applying the interest and adding they're profit margin, remember they survive on the 'profit margin' the interest is already decided by GOVT.

 

[PhySom]

Yeah bro, these islamic fundamentalist are making us poorer, that's why they say 'religion' makes society backward, they don't want to accept the world they live in has changed since they believe the religion cannot change. So now what do we have bro? we live from sadaqa from western countries, we can't even fund our own govt, we can't employ our own people, our research sector is dead.

Why u think Japan is richer then all islamic countries combined? it's because they 'planned' they're economy thru ribah they made money from money itself which is fundamental problem in Islam, where they teach money has no intrinsic value, if that's the case I won't ever see these muslims give me $100 for my $100 shillings, they are full of lies u see.

They know deep down money has value and what gives it value is 'interest' or else that money will never grow and catch up with market prices. The money will die and not be able to purchase anything. That's why strict controls are in place to ensure interest is applied to each financial year and this means either 'supplying' more money to banks

They have nothing to offer Doctor. They grow out a beard or wear a trash bag and call themselves "scholars" .I saw one saying its halal to eat humans if they don't believe in your God.

The key for somalias improvement is to connect the geniuses to government. Anyone who has low iq mooryanic thinking should be banned from government and closely monitored. We need actual scholars who finished university studies from around the world and will help rebuild the nation.

"$100 for my 100 shillings"

HHAHAH , it's true. they use the money (Which is tied to interest) from the government and then take welfare (which is tied to interest) from the government and then claim they are scholars.

Money is connected to power nowadays, the stronger a nation is the stronger its currency.

 

[DR OSMAN]

Doctor, this is your one flaw, clan tells you nothing about a person. However it does expose group thinking.For instance a herd of cows running towards you is dangerous but its individuals might be fluctuating direction.

Every country needs to know how much transactions happen daily, weekly, monthly, yearly. They need to plan for variables and factors such as FDI in that year, they need to plan for new business growth thru borrowing/lending mechanism of banks.

It's not hard to work out once you know you know your 'demographic wealth classes' you know what sort of activity a middle class will do compared to a wealthy class compared to a poor class. You supply enough cash to support this each year not less or more. Because if there is more cash then needed in the economy, prices will go up immediately in the market place because businesses will see all this money flowing in and they don't have enough products to support this trade, so they need to lift the price on each product high enough so they sell it to accomodate the cash flow. If you do not have enough cash stored in your banks to support the market, you hurt businesses who will lose customers cuz they don't have the cash, workers wages can't be paid, taxes are effected, the economy starts to go into a recession of sort as the govt cannot now fully support the infrastructure, schooling, health and other areas to keep the economy powering on.