Muslim View

Week 11.2 Muslim View

I met a Muslim buyer, he told me something about some strong Muslim view on silver bar and coin design. If you decide to sell to Muslim market here are some of the considerations from the most patang (prohibited) one.

a)      No cross sign or symbol. Look around some bars and coin do have cross symbol. This one is the most patang!

b)      No nude symbol like Mexican Libertad.

c)      No face of people. Some coin got QEII face.

d)     No animal

Glad to say most of my Muslim buyers are realistic economically, thus many are animal lover like to collect kookaburra and lunar series. Most of them have their own supply chain in sourcing such coin themselves.

In addition to that, perhaps some design from silver dirham can be copied to 1 oz silver bullion. However, some advice and consultation with relevant parties is required before you can have your bullion wide-accepted by the Muslim community.

Another strong view from a Muslim buyer, he insisted that the gold to silver ration is 1:7 according to him by referring to Quran. He keep on insisting on it because it from their holly book. Well I can’t comment much on religion, I do see a lot of opportunities to sell to those people as the gold to silver ratio now April 2011 is around 35. Don’t know when we will get there (1:7 ratio) but in the process you get lot of opportunities to sell.  


Then recently, another Muslim buyer told me the actual ratio is 1:10, ask me to modify this post as it is a sensitive issue. I'm not sure what is the actual rate, you may want to consult your respective Ustaz/ ulamak on this. OK. with this I closed my case.

Here is an entertaining quote from Khalid Gibran.

Once there lived in the ancient city of Afkar two learned men who hated and belittled each other's learning. For one of them denied the existence of the gods and the other was a believer.

One day the two met in the market-place, and amidst their followers they began to dispute and to argue about the existence or the non-existence of the gods. And after hours of contention they parted.
That evening the unbeliever went to the temple and prostrated himself before the altar and prayed the gods to forgive his wayward past.
And the same hour the other learned man, he who had upheld the gods, burned his sacred books. For he had become an unbeliever.