Pioneering a Riba-Free Gold-Backed Financial System

http://www.egold.pk

eGold Profile

Who Are We

eGold (Pvt) Ltd.

is a Rawalpindi based privateenterprise offering products and services targeted tobring the advantages of precious metals ownership tothe common man and business community.

We are the pioneers in introducing the Islamic GoldDinar in Pakistan – a financial instrument that hasbeen in use for over 1400

years in the Muslim world.Although it is neither a currency, nor a legal tender inany jurisdiction, the gold Dinar holds its appeal forbeing a number of reasons, including: its value inbeing minted by reputable by virtue of being gold,and a strong historical and religious affinity with theMuslim world, it is gaining increased acceptabilityaround the world as an excellent store-of-value andmedium of barter exchange among individuals andbusinesses. It is currently being re-introduced simul-taneously in a number of Muslim countries for bartertrading, including UAE, Malaysia, Indonesia, andthrough us, now Pakistan.We offer a complete suite of services around the GoldDinar, enabling our customers to take advantage of

Gold‘s long term price appreciation to save money,

preserve wealth and overcome inflation. Ourbarter-exchange system is a fully Shariah-compliant,precious-metals backed alternative to the westernInterest-based Banking system prevalent today.For more information, please visit our website.

eGold (Pvt.) Ltd.

H. No. 31

D, St 6

Defense Housing Authority

Rawalpindi, Pakistan

Ph: +1

303

5700862

http://www.egold.pkeGold Currently offers the following services

Gold Dinar and Silver Dirham:

We retail gold andsilver coins minted in Pakistan, Dubai and Indonesia,with life-time buy-back guarantee.

Investment Services:

Precious metals investmentservices are offered by our overseasaffiliate, eGold LLC, USA, featuring attractive profitson Shariah-compliant profit and losssharing basis.

eGold Amanah:

Ideal for individuals and businessesalike, this system enables you to open metals backedaccounts without the hassle of safekeeping gold atyour home, or the inconvenience of buying and sellingthrough conventional means. We offer metalsaccounts which can be used either as store of value,or medium of exchange to execute payments andtransactions, thus benefiting from consumption andinvestment at the same time.

Dinar Shop:

A complete range of branded and non-branded national and internationalproducts are available for purchase in Dinars,Dirhams and other leading gold-backed paymentsystems, without having to convert to localcurrencies.

eGold LLC, USA

1313 Clary Sage Loop

Round Rock, TX, 78665

USA

Ph: +1

512

879

1786

http://www.egold.pk/usa

Personal Finance Perspective

SLAMIC

OLD

INAR

Government of Pakistan has reported a ConsumerPrice Index (CPI) increase of 104.29% from the year2000 to 2009

. In simple words, what this means isthat for the items you could purchase for Rs. 100/

inthe year 2000, you would need Rs. 204/

to buy thesame items in 2009

. Since the real purpose of moneyultimately lies in its ability to purchase goods and ser-vices, we can say that your wealth, if deposited in aregular bank and left there in this period, would have

practically ―halved‖.

If, on the other hand, you had purchased Gold worthof Rs. 100/

back in 2000, its average price increaseover this period has been approximately 300%

. Inother words, your wealth would have tripled had itbeen invested in Gold.In fact, gold is such an excellent hedge against infla-tion that it has maintained its purchasing power

throughout history. Consider the following Hadith, re-lating an incident in the lives of the Companions of theProphet (sm) 1400

years ago.Narrated Urwah ibn Abul Ja'd al-Bariqi: The Prophet(sm) gave him a dinar to buy a sacrificial animal or asheep. He bought two sheep, sold one of them for adinar, and brought him a sheep and dinar. So he in-voked a blessing on him in his business dealing, andhe was such that if had he bought dust he would havemade a profit from it

From this Hadith, we can tell that in the time of theProphet(sm), Sheep could be purchased in the pricerange of 1 to 2 dinars. The Islamic Dinar used to be4.75 grams of 22K gold, which means that based onthe Gold price on 1 September 2009, it would be ap-proximately equal Rs. 10,600

. This is very close tothe price at which you can purchase a goat in Pakistanin September 2009. This means that over a span of more than 1400

years, there has practically been noinflation had gold been used as a currency and store of wealth.

To further reinforce our example, consider the price of mutton in the time of Mughal Emperor Akbar, reportedto be around 0.72

grams of silver per kg

. Extrapolat-ing this price back into Pakistan Rupees, we get a verysimilar value of Rs. 10,188

Compare this consistency in Gold‘s ability to maintainits purchasing power over 1400 years, as opposed tothe manifold increase in commodity prices in terms of national currencies in just a matter of 60

years sinceour independence. Investment in Gold and Silver isindeed one of the most secure ways of preserving andincreasing your wealth!

REFERENCES

1. Monthly Review on Price Indices, August 2009, Government of Pakistan, Statistics Division, Federal Bureau of Statistics. Chapter 8. Complete time

series of indices since base year. Page15.

http://www.statpak.gov.pk/depts/fbs/statistics/price_statistics/monthly_price_indices/mpi8/cpi_details.pdf

. Approximation based on statistics published by the London Bullion Market Association on their website at http://www.lbma.org.u

k/stats/goldfixg3. Sahih Bukhari (Kitab Al

Buyu) Book 22, Number 3378

4. Using the formula: 950 (Gold Price in USD/oz) x 80 (USD

Rupee Conversion) x 4.75 (weight of Dinar) x 1/31.1 (Oz to gram conversion) x 22/24 (Adjustment for dinar’s purity of 22K).

5. Taken from “Living Standards in the Past: New Perspectives on Well

Being in Asia and Europe”, edited by Robert C. Allen, Tommy Bengtsson, and Martin Dribe,Oxford, Oxford UniversityPress, 2005, chapter 5. Original source is the translation of Abul Fazl’s Ain

Akbari compiled in Agra circa 1595 referenced through “Ain

Akbari of Abul Fazl

Allami” (1949) translated byJarrett, H. S. Calcutta: Royal Asiatic Society of Bengal.

6. Using the formula: 14.74 (Silver Price in USD/oz) x 0.72 (Price/kg of mutton in time of Akbar) x 80 (USD to Rupee conversion) x 12