SRDC Worldwide and Mexican Billionaire Silver Advocate at World Riba Conference – Malaysia

SRDC Worldwide presents Hugo Salinas Price.

Mexican Multi billionaire Hugo Salinas Price participated in the 3rd annual World Conference on Riba in coordination with SRDC Worldwide. The annual conference addresses the unsustainable economic conditions due to Riba, or interest. It is an issue that has been becoming more prominent with the worsening global economic landscape.

The founder of Mexico’s Elektra retail chain addressed the conference on “Silver, liquid and illiquid, the ‘modified open mint’ and gold & silver as parallel monetary systems.” Hugo Salinas Price has since retired from Elektra. The current head is recurring figure on Forbes magazine’s richest 400 and Salinas Price’s son, Ricardo Salinas Pliego. The Mexican magnate is a proponent of sound financial policy in Mexico through a monetized silver coin to circulate parallel with the Mexican peso. He is the President of Mexican Civic Association Pro Silver, A.C. Which he founded in 1997.

The 3rd World Riba Conference also included other prominent speakers in the academe, economic scholars and practitioners. Speakers included former Malaysian Prime Minister Tun Dr. Mahathir Mohamed, Chairman & President of the USA Public Banking Institute Ellen Hodgson Brown and Best selling author and award winning documentary writer, Bill Still among others.

List of speakers:

  • Tun Dr. Mahathir Mohamed, Fourth Prime Minister of Malaysia
  • Ellen Hodgson Brown, Chairman/President of Public Banking Institute, USA
  • Bill Still, Best Selling Author and Award-Winning Documentary Writer/Director
  • Hugo Salinas- Price, President, Mexican Civic Association Pro Silver, A.C.
  • Imran Nazar Hosein, Renowned Author and Scholar in Islamic Eschatology
  • Tom J. Kennedy, Activist & Blogger
  • Imam Afroz Ali, President , Al-Ghazzali Centre for Islamic Sciences & Human Development, Sydney
  • Professor Dr. Ahamed Kameel Mydin Meera, Dean, IIUM Institute of Islamic Banking & Finance, Malaysia
  • Professor Dato dr. Hj. Mohd Ali Baharom, President, Malaysia National Cooperative Movement
  • YM Tunku Azwil Tunku Abdul Razak, Muslim Consumers Association of Malaysia
  • Dr. Zulkifli Hassan, Faculty of Shariah & Law, Islamic Science University of Malaysia

SRDC Worldwide joins 12th Young Economists Convention – Philippines

SRDC Worldwide through its authorized training center in the Philippines, Orange Roshan Ventures Inc., participated at the 12th Young Economists Convention held on Feb 28 – March 3, 2013 held at the Henry Sy Sr. Hall at De La Salle University in Manila. The three day conference draws an estimated one thousand Economics students from the Philippines and abroad for the annual event.

SRDC Worldwide was represented by SRDC Philippine instructor Carlo Sumayao and SRDC trader and student leader Mr. Darwin Gempesaw.

The first day of the convention included Darwin Gemepsaw’s talk on the topic “Deviating from Traditions: Changing Global Landscapes”, highlighting the importance to innovate due to the economic situations. Gempesaw also outlined the highly inequitable nature of the current banking system with regards to purchasing power and the on-going currency crisis.

Senator Edgardo “Sonny” Angara also spoke on the first day of the convention on “The Role of Governance in the Economy”, discussing the influence of policy driven actions from the government on the national economy on a macro and micro scale.

The next day of the convention (March1) included SRDC Worldwide’s Carlo Sumayao’s talk on the topic “ Investments for Workers: Using Investments to Improve People’s Welfare” where he discussed the importance of first investing in human capital and financial education and financial literacy before even discussing investments. The talk continued about the investor’s mind set, the on-going process to become a successful investor. Sumayao also briefly discussed SRDC technical charting analysis and precious metals.

Other speakers during March 1 included Edward Valencia, Deputy CEO at Deutsche Knowledge Services and Managing Director at Deutsche Bank discussing the Knowledge Process Outsourcing (KPO) job possibilities of the Philippines. Inversely, Rommel Roque, Country Manager of ManPowerGroup Philippines spoke on the possible scenario of job mismatch crisis here and abroad.



SRDC Worldwide featured in Berita Harian – Singapore

A new company selling dinar and dirham coins have been established in Singapore recently for the purpose of savings and investments.

The company, registered as FLITU International has been operating since last October, along Arab Street, opposite the Golden Landmark building. Haji Abdul Rahman Arif Haji Tahir, a Bruneian entrepreneur who acts as the Chief Executive Officer, owns the company.

According to Haji Abdul Rahman, 45 years of age, the company is a joint venture of two companies – Rufus International and YESINV, which comes together as YesRufus Goldsmith. Rufus International originates as an import and export company for gold and silver generic bullions, which is based in Kuala Lumpur, Malaysia.

YESINV is a Bruneian company, which offers training services and financial intelligence courses owned by Haji Abdul Rahman. To explain the establishment of the new branch in Singapore, Haji Abdul Rahman states: “We think it is the best option to invest in gold and silver, rather than placing your investments on something that most investors have not a clue of.It is a very safe and stable investment and at the same time not volatile.” The company is headquartered in Bandar Seri Begawan, Brunei. Prior to this, the company has established branches in Petaling Jaya, Malaysia and Makati in Philippines. Further expansion of distribution channels will be established across the country this year, including Sarawak and Sabah. Another branch will be opened in Penang Island next month, added Haji Abdul Rahman .

The company produces two types of dinar coins – 1 dinar and ½ dinar. A 24 karat 1 dinar pure gold coin of 4.25gram is sold at a price of $394 inclusive of GST while the 24-karat ½ dinar pure gold coin, weighing at 2.125 gram is sold at $197 inclusive of GST. The company also mints and produces three types of dirham coins – 1 dirham, 2 dirham and 3 dirham. One pure silver dirham weighing at 2.975 gram sells for $8.35 inclusive of GST. The company designed the dinar and dirham coins. One surface displays the kris, a dagger of Bruneian heritage, and the opposite is a calligraphic sentence of Arabic origin which means “Let’s go for prayer, let’s go for success”. The dinar and dirham coins are sold to everybody, Muslims or non-Muslims.

“We would also like to share our knowledge and understanding about the value of gold and silver to the general public – not just as an investment tool, but also an instrument of preserving wealth.”

“We will be holding a few workshops concerning financial intelligence, based on the value of dinar and dirham coins, for investment and savings purposes, and how its value is withheld even when inflation hits.”

“We would also like to educate the general public about the usage of the dinar and dinar coins, on how owning physical precious metals does not go against a country’s regulations, and how it would complete one’s financial portfolio.”

YesRufus Goldsmith has organized a seminar on the dinar and dirham last Saturday with the ongoing topic of “Real Money In A Conventional Economy”. Haji Abdul Rahman and a scholar in the field of philosophy and Islamic economy, Mr. Abdul Halim Abdul Karim, delivered the lecture at the seminar. According to Haji Abdul Rahman, his company will be producing and selling gold and silver bullions in dinar and dirham denominations by the end of the following month.