|Written by Abdun Nur|
Money is the root of our present global enslavement, due to the mental concept of money as the thing that generates wealth, in contrast to the Islamic view of money as simply a way to account for your labour.
A community of local people come together and remove their fiat money and cash in their usury investments, placing their savings within the repository.
Say 1000 people place their savings in the repository, on average they save £2000 each, so a total of £2,000,000.
The repository buys pure silver with the funds, which at the moment is around £16 per ounce, so a total of 125,000 ounces, or 3551kg of pure silver.
The investor has the option of having their silver minting into coins, a service which would fund the repository, say the cost of minting a coin is £1.50, each investor has 125oz of silver so it would cost around 10 oz of silver to have them minted, leaving each investor with 115 one ounce coins, and the repository worker with 10 oz coins. The cost of setting up the repository and equipment to mint coins would be taken from the investors savings, say it cost £30,000, the administrator running the repository would repay the loan through earnings giving a quarter of his labour back to the investors until the loan is repaid.
The ideal companion business is a silver mine, allowing the miners to work to supply the community with coinage.
If silver is available locally within the geology, the repository investors could find a small group of local skilled and knowledgeable men, say 5, with experience in silver mining and silver-smithing, using the funds to invest in a silver mine, say £500,000, and invest in equipment say £300,000, they could establish a mining business, the scale of the undertaking would depend of the size of the repository, but could grew over time, so allowing new miners to invest and work within the mine as equal collaborators.
These five men would mine silver and mint coins, say they charge 1¼ oz of pure silver per hour, they would take 1 oz per hour as a wage and use ¼ oz per hour of their earnings to repay the loan from the repository. If they mine more silver than the wages they earn it could be used to repay the loan more quickly, invested in improving the mine, donated to the community, or as a bonus to the workers of the mine it would be up to them. Of course silver mines produce other metals and aid towards many other industries, I'm using a simple model example to illustrate the concept.
Another aspect of the Islamic business model is in knowledge and experience giving one man greater value to a business than another, in a simple business model, like a garage the work is equal in skill and experience, but in a mining model there would be a wide range of abilities and skills, this should be reflected within a scale of hourly payment, in line with the abilities, knowledge, skills, and experience of the individual. Just as was done in the merchant ships of old, were a sliding scale of rates was established to account for these aspects, this would be established within the text of the allodial business contract signed and witnessed at the founding of the enterprise.
When the repository takes in any fiat money, in exchange for pure silver, if they do not have a mine, they would buy silver from the world market, so ridding themselves of the worthless fiat paper money.
If they had a silver mine, goods required within the local community, that are not locally available, could be paid for with fiat paper in exchange, ridding the community of it slowly.
Islamic loan system
Within a repository only 5% of the coins stored on average ever leave the repository, 95% remain untouched, this allows loans within the community without interest.
As pure silver is loaned, pure silver must replace the loan, so if fiat money was used to repay the loan, it would repay on its value of silver on the day of payment.
As it is a physical system, one not based on a fiction like the modern banking model, the loans must be repaid, otherwise someone would loose the silver they had stored.
This means loans must be secured.
The need for securing repayment is important, the borrower could die or lose the ability to earn money, they could refuse to repay or disappear from the community.
If the demand for loans out stripped the available silver within the store, a register of labour could be introduced, based upon the repayment of silver.
So say you want an extension building costing £50,000 being around 3100 oz of silver at present, you find a local builder who is a member of the repository. He works on your extension, and is paid credit notes that he can put into his account representing silver coins, while your account goes into the negative. As you work over time the balance is restored, you replace the coins the builder spends from his account.
The credit notes issued to you and given to the builder can be used by him to pay others within the community to circulate as a temporary method replace silver coins, and the notes destroyed when represented to the repository.
|God And Allah|
|The Meaning Of Life|
|Freedom Means Responsibility|
|This Earth Is Precious|
|The Five Pillows Of Islam.|
|The Blinding Light Of Islam Extinguished.|
|Islam Demands Reason.|
|Life After Death. Part One. Jahannam|
|Life After Death part two. Jannah|
|The Unnecessary Energy Crisis: How to Solve It Quickly.|
|The HIV-AIDS Question.|
|INDUCTION AND EXTREME OATH OF THE JESUITS|
|A Debate On Money.|
|The Advent Of The Muslims.|
|Islam A Challenge To Religion.|
|The Three Given Keys Of Existence.|
|The Heavens The Earth And The Qur’an.|
|The Engines of Creation.|
|A Dying Ember|
|Melded Multiple Infinities.|
|A Sadness Within Me.|
|The Dichotomy of humanity; the singular unity of being both Mortal and Immortal.|
|The purpose of humanities creation.|
|Interface With Islam|
|The potentials of Death.|
|Why the banks are failing.|
|The Subjugated Mind.|
|THE BEGINNING OF THE LIE|
|CHAPTER 6 from the book "DESCENT into SLAVERY”|
|Theft: Punishment or Relief|
|The Fractional Reserve Banking System.|
|COSMOS WITHOUT GRAVITATION|
|The Symbols of Religion.|
|The Big Bang, a BIG lie.|
|The formation of a galaxy, evolving a universe.|
|Our Conscious Mind As An Electromagnetic Field|
|THE GEOMETRY OF SPACE|
|Hadith (part one).|
|Hadith Continued (part two).|
|Confessions Of English Spy Who Helped create Wahhabism.|
|Law of Men. (The First Crusade)|
|Rex Offa of Albien (Britain)|
|Constitution of Allah. Transfinite Consciousness.|
|THE REAL REASON WHY WOMEN HAVE BEEN OPPRESSED|
|The Human Soul Nexus.|
|The History of Arabic Grammar.|
|Why do the Innocent suffer, the answer.|
|A Careful Linguistic Analyasis of the term Allah.|
|I skipped, and I danced, and I sang.|
|Who destroyed Alexandria Library?|
|The Empty Vessel.|
|Islam: What is the Quran and Sunnah? (Written in Arabic)|
|The Lie of Hijab. (Written in Arabic)|
|Human Energy Economic System.|
|Aspartame is Rumsfeld's Disease: A Politically-Induced Biochemical Disaster Of Global Proportions.|
|Establishing the Islamic Community.|
|Sovereignty is with Allah alone|
|University community model.|
|COMPLAINTS OF CONVERTS|
|The Skill of Discourse|
|The Natural Rights Clothes Shop|
|Meanings of Terms of law|
|A simple Lexicon investigation of a single verse of the Qur'an|
|The Onion of Ownership.|
|Police State: What is a police Officer?|
|Free Energy Plasma Engine|
|Part One. The Writ|
|Part Three: Moot Administrators of Tortious Relief|
|Part Four - Wite and Surety Bonds|
|Eight point community plan|
|Equitable Allodial Utilisation (overview)|
|Proposed Method of Allodium Witnessed Declaration|
|Affidavit of Allodium Witnessed Declaration|
|‘Bona Gestura’ Bond of Allodarii|
|Notice of pursuance of Allodium Witnessed Declaration|
|Declaration of Allodial Utilisation|
|Polycentric community (overview)|
|Surety Bond (overview)|
|Reciprocated Agreement of Surety Bond|
|Allodial Labour Trading (overview)|
|The Repository (overview)|
|Bonded Cooperative Business System|
|Plenary Allodium Utilisation Averment|
|Cooperative Assurance System|
|Cooperative Car Assurance|
|The Fraud of War|
|The Fraud of Democracy|
|The Fraud of Sovereignty|
|The Third State of Consciousness|
|Unilateral Bond in Community Agreement by Deed of Equitable Society|
|Inherent Power (short overview)|
|How a Substantive Moot of Inherent Power Functions through Axioms of the Land|
|Part Five - Tort - Duty of Care - Outcast|
|The System Second Series|
|The Law, Courts and Jurisdiction|
|The Fraud of Copyright|
|The Fraud of Government|
|The Fraud of Capitalism|
|The Court System versus the Moot System|
|A Duty of Care|
|The Concept and Structure of Polycentric community|
|The Fraud of Economics|
|The Protected Paedophiles, Child Rapists, Child Torturers, and Child Murders of the British Establis|
|Tortious Relief Arbitration|
|Unilateral Bond of Repository Administrator|
|The Fraud of the Hospital System|
|Hemp Drugs Commission Report, completed in 1894|
|A Bonded Militia|
|Duty of Care Trading Declaration (food)|
|Bonded Cooperative Networks|
|Freedom or Slavery|
|Part Six - Relief, Recourse and the Jury|