Paper-2

World ISLAMIC MONEY MUSEUM & International Money Fair:
Window of The World, World of Islamic Civilization
and Islamic Renaissance

Preamble

Reasons why An Islamic Money Museum shall be encouraged, promoted, incorporated in banking and financial institutions and corporate world, as one of the educational awareness for Malaysians and foreigners, youth and students , local & foreign tourists to learn the evolution and history of development of Malaysian coins, banknotes in particular and Islamic currency development internationally in general……

Viewed as part of our national sustainable development of cultural tourism, from historical city of Melaka, to Pulau Pinang from Peninsula Malaysia to Sabah & Sarawak, a comprehensive cultural corridor to interlink East & West, North & South…..a perfect presentation of Islamic Civilization for the world, where worldclass gallery of Islamic Arts and Culture shall be interlocked and catalysed in this regional hub – Malaysia, window of the World.

The Money of the Islamic World Today features samples of coins and paper money from 57 OIC countries, Just Grab A Passport and take a virtual tour of the world and its money at our Islamic Money Museum…..an International Islamic Money Fair shall be held in conjunction of Malaysia’s 50th Anniversary of MERDEKA, to showcase our history of currency development from 15th century to 2007 of today, 700 Years, together with the regional development of OIC Islamic countries’ currency’s presentation, the first of its kind “World Islamic Money Show”, where Malaysia is the leader of OIC and Islamic movement, in ’80 , ’90 till today. Malaysia should have glorify and celebrated this Day, This Event, especially under the theme of ISLAM HADHARI , under the premiership of YAB. Abdullah Ahmad Badawi.

Throughout history, ancient rulers , kingdoms and countries have used money to promote themselves, illustrate important events and develop a national identity…The Money produced today is no different. In our Museum, visitors will learn what symbols are important to people today, to inculcate a sense of belongings and sense of participation in our nation-building among our young generation and students….to educate the people of today, how to spend, to invest, to save the money from the history of money be created, be issued, circulated as tradable and negotiable instruments…how financial crisis and economic crash taken places……what past lessons we all should learnt……….

Fundamentalists Islamic countries often display ornate calligraphy representing religious images or, in case of Iran, the face of the Ayatollah, in China, images of Mao Zedong are replacing citizens in ethnic costumes on paper money …..while coins and paper money in democracies tend to display images of scholars, historic figures, musicians or cultural icons, while dictators showcase their own images on coins and bills

Functions & Purposes of The Museum & Islamic Money Fair

The definition of museums has changed course in the two centuries since they came into existence. Today, they are “ non profit-making, permanent institutions in the service of society and its development, and open t o the public, which acquire, conserve, research, communicate and exhibit, for purposes of study, education and enjoyment, material evidence of people and their living environment…..they bear out a relationship with the past that attaches values to tangible traces left by our ancestors, and aim to protect them and even make them essential to the functioning of human society, side by side with the monumental heritage, such collections now constitute the major part of what is universally knows as the cultural heritage…..”

A museum also presents the interactions between the culture and nature: and increasing number of museums are focusing their interest on science, natural and technology….

The museological heritage is both an actor and an instrument of dialogue between nations and of a common international vision aimed at cultural development, for educational purposes. The latter may vary considerably in nature and form, depending on the historical and cultural context, also its educational purposes.

Finally, a museum works for the endogenous development of social communities whose testimonies it conserves while lending a voice to their cultural aspirations. Resolutely turned towards its public, community museums are attentive to social and cultural change and help us to present our identity and diversity in an every-changing world.

Money Museum of Islamic World

Through the exploration and discovery of the money, this proposed Islamic Money Museum can effectively dedicated to numismatics of Islamic world and brings culture to life, this museum explores art, history, science and much more to promote the diverse nature of evolution of money and related items, also personnel of museum, friends of museum, supportive NGOs and corporate sector can provide services and facilities to visitors, students, youth, tourists, communities, educational institutions, collectors and general public in identification, authentication, numismatic research and photographic services, besides providing the training of diploma courses.

The museum includes exhibits in three main galleries, where visitors can find spectacular rarities and learn about the history of our nation, and the world as seen through exhibition of series of money and coins.

The multimedia gallery houses the individual collection, a spectacular and comprehensive collection of (i) Nusantara, (ii) Malaysia (iii) OIC countries issues money and coins, gold or silver, tin or copper, experimental pattern coins, specimens and paper money.

This museum’s main platform shall be specifically designed to features (a) the past numismatics, say, Tin Currency found in many States in Malaysia, Perak, Kelantan, Trengganu, Johore, including those found in Melaka 15th century issued tin coins, in many forms, also other States found tin-related tokens, tampang, bidor, tipis, animal shape money, medals, of what Bank Negara’s Money Museum displayed….and traditional pattern of currency coined and minted in OIC countries, in Islamic territories and regions.

Money Museum & Fair: The Showcase of National Cultural Heritage

Presentation and Exhibition of Islamic Numismatics , in fact, are collections and preservation of moneys and coins of Past and Present of each country, community and society under the fundamental spirit of ‘ international human rights instruments “ in particular to the Universal Declaration on Human Rights of 1948, the International Covenant on Economic, Social and Cultural Rights of 1966 and the International Covenant on Civil and Political Rights of 1966.

Considering of the importance of the intangible and tangible cultural heritage as a mainspring of cultural diversity and a guarantee of sustainable development, as underscored in the UNESCO Recommendation on the Safeguarding of Traditional Culture and Folklore of 1989, in the UNESCO Universal Declaration on Cultural Diversity of 2001.

This is the universal will and the common concern to safeguard the cultural heritage of humanity, we all must recognize that communities, in particular indigenous communities, groups and, in some cases, individuals, play and important rile in the production, safeguarding, maintenance and recreation of the intangible or tangible cultural heritage, thus helping to enrich cultural diversity and human creativity among our Malaysian multiracial and multicultural society, especially in East Coast of Peninsula Malaysia, like states of Kelantan, Trengganu, Perlis, and Sabah and Sarawak in particular.

Target & Procurement of The Project

The priority shall be placed on procuring the deal, project and contracts for incorporating the proposed Islamic money museum or Islamic bank museums, armed with its related activities and businesses opportunities , either in field of cultural or educational agenda, or in sustainable cultural tourism-oriented world, at the following sector:

Central Government : Ministries of (i) Culture, Art & heritage (ii) Finance (iii) Education
(iv) government agencies

State Governments : State Governments in Malaysia shall be targeted as a model for
Setting up the proposed Islamic Money Museum and its related
Islamic art and culture programs, also those private corporate,
Government agencies or commercial banks, Islamic Banking etc.
GLCs : government-linked companies or Federal & State CM/MB Investment arms

Private Banking : Private banking and financial institutions, banks, insurance company.

Corporate & Listing Companies : Those consortiums or conglomerates’ buildings or its
Related subsidiaries to showcase their corporate image
And enhancing their strength and providing an educational
And cultural exchange programs for its clients, visitors and
Public, Marketing the corporate gifts and souvenirs Franchising
The retail transaction at State level, at each Capital, at each
Tourists frequent centers and areas, at customs and immigration
Check points, Conducting the Road Shows at State level,
Nationally and regionally, Quarterly or Annually or seasonally…

Living Human Treasures of Islamic Civilization

Islamic civilization and Islamic cultural heritage, in the context of Malaysian multiracial and multicultural society, with the introduction of this new concept of Islamic Money Museum, it shall be structured and interlocked and combined with the intangible cultural heritage of Malaysia, which provide communities and individuals with a sense of identity and continuity, while the safeguarding of the intangible cultural heritage guarantees creativity and furthers cultural diversity.

Various measures of safeguarding should combine various actions, starting from the identification of the elements of the intangible and tangible cultural heritage, and much of the knowledge and skills linked to cultural expressions as embodied in, for instance, music, dance, theatre, and craftsmanship…….

Miniature and Showcase of Malaysian Islamic Culture & Civilization

For instance, those artifacts of ancient coins found along the sea front and reclamation areas of Straits of Malacca, from Bandar Hilir, to present sites of Parkson-Mahkota, to Dataran Merdeka, Kota Laksamana, Trenggera, Limbongan, Klebang Besar, along the Sg Melaka ( while project of beautification of river along the Melaka Riverside, Kg Hulu,, Kg. Pantai,Kg Jawa, Kg Morten, ) are originated from the era of pre and during the period of Malacca Sultanate (1400-1511), Portuguese Period (1511-1641), Dutch Period (1641-1786), these discovery and exploration of the artifacts found, are in fact, the intangible cultural property and living human treasures of descendents of Malacca Sultanate, Admiral Zheng He, Portuguese and Dutch, British and other minorities found in Melaka today. This is the miniature and showcase of Islamic Culture and Civilization in Malaysia.

Digitalization of Islamic Money Museum

This is one of the important cultural assets discovered, needed to be preserved, documented archaeologically and academically, if possible, to be digitalized in the project of new Islamic Money Museum’s complex, as part of the digitalization and ICT programs of Malaysian IT society, strategically locked and structured into the powerhouse of MSC-Melaka.

This shall be more incentive and encouragement for students and youth to spend more time in ICT-related cultural assets investment programs, by digitalizing all our museums and cultural tourism industry, from educational institutions to capital and financing world. This is part of the learning curve for the new generation, if their vision and movement can be strategically digitalized and linked with our more innovative MSC and ICT Program of tomorrow!

Investment Programs of Islamic World

The above museum’s collections, collections of banknotes, coins, medals, banking negotiable instruments, bills, papers, in form of collectibles or antiques or sentimental collections, shall be classified as Cultural Assets (CA) or Cultural Property (CP), if these museum’s collections has been scientifically researched, professionally authenticated and evaluated, culturally and academically documented, and be legally structured and packaged as one of the Securitization Program, or after professional instrumentalization,, be collateralized and securitized for capital market trading purposes, then we all can see how interesting and exciting for the Islamic world to invest and to participate. It meant from hobby, from fun, from leisure, from enjoyment and educational or cultural purposes, to turn to a long term investment world, is a good educational for Islamic world to explore.

SECURITALIZATION & COLLATERALIZATION

Viewed from the corporate synergy, trading of financial derivatives in capital market of today, from the leveraging skills, from the aggressive performance of fund investment of hedge fund, investment bankers, corporate players in capital market and financial world, they must realize our biggest challenges is;-

Flowchart:

(A) how to unlock the potential hidden values of those Cultural Assets “CA” and Cultural Property “CP” as part of the Museum Collections “MC”, with its newly unleashed Museum Values “MV”;

(B) how to structure it as tradable and negotiable assets, with its attached “Certificate of Authenticity” (COA) ,then

(C) documented in its newly created “Ownership” and “ “Clean Title “ , a legal paper of “ Document of Ownership and Title (DOT)” shall be issued, this is the credentials and testimonials to negotiate, to trade, to invest.

(D) Most importantly, all these newly created shall be insured, to work out its “Insurance Value” (IV) and “ Archaeological Value” (AV), “Cultural Value” (CVA)….normally;

(E) with the Insurance Binder “ IB” be issued by insurance company, then these classified Appraised Assets “AS” of your museum’s collections, shall be kept at the bonded areas, say, bank vault or secured areas, with Safe Keeping Receipt “SKR” be created and issued, as the Negotiable Instruments “NI” .

(F) With all these (A) (B) (C) (D) (E) well packaged tradable and negotiable documents and instruments be issued, then we should invite the interesting parties, vested interested parties, in form of strategic alliances, smart partnerships or stakeholders, work together as collaborative team, like investment bankers, insurers, fund or expertise investors, appraisers, valuers, auction house, events manager, corporate lawyers & CPA…..etc.

PROCESS OF INSTRUMENLIZATION

This is the basic process and scenario of securitalization ( process to securitize the appraised assets, for underwriting purposes) and of collateralization ( process to collateralize your appraised assets).

This is what we meant for “ Instrumentalization”, by way to instrumentalize the appraised assets, as one of the negotiable, marketable and tradable instruments, for fund raising, for capital soliciting, for synergizing your potential investors and partners, in any flexible and viable form of your partnership, by way of smart partnership or strategic alliances or stakeholders or collaborative approaches, this is one of the way to leverage, to unlock and to enhance your own hidden strength, assets, human capital…….intangible assets, hidden capital, is your own intellectual property/ assets !!!

Going Public : Corporate Synergy In Capital Market

a) The above proposed securitization, collateralization or instrumentalization programs, in fact, is part of the proposed investment plan and corporate exercises for funding and capital raising, under the process of unlocking the real values out of the hidden cultural property , is a new wave of unleashing the values of the cultural assets, by leveraging the IP (intellectual property) and structure the CA into a form of new tradable, marketable, exchangeable and negotiable instruments, either in form of stocks, bonds or private placements , as asset-based products.

b) We should leverage our strength and power through M & A, Takeover, Reverse Merger, Exchange Merger, or any viable and acceptable corporate synergy or corporate exercise to further unlock the cash, fund and valued added from Public Listing….or converge it as Assets-based security for private placement, or to securitize or collateralize .

c) Definitely, these new products can be digitalized into a digital IT industry, as one of the productive and ongoing business transaction online, listed as IT counter, for investment and trading purposes, for examples, collection of coins, banknotes, antiques pen, watches, antiques, sentimental collectibles, postcards, documents, archives, books of historical values, antiques cars & etc, as what eBay.com conducting their businesses……
d) Islamic arts and collections of coins, banknotes, banking and financing instruments can also be corporatized and traded in capital market, auction markets, not only in Islamic world, but also in global market, for enhancing and repositioning the Islamic arts and culture, as part of the world heritage and cultural property, to turn the conservation of Islamic cultural property’s value , into the new cultural economic and industry. This is new economic and cultural forces of Islamic world to be reckoned with. Those gold dinar is one of them, besides those collection of disused banknotes and coins.

OIC For New Cultural Industry & Economy

For OIC countries, they must adopt a paradigm shift for a simple cultural museum, a non profit, from permanent exhibition center, to a dynamic and energetic world of collection for investment, from educational and cultural to corporate investment world. This is one of the advance enhancement program for a conservative perspective vision of cultural property and heritage, to converse and converge to one of a collection investment industry, a new cultural industry and cultural economy.

This new cultural economy and cultural industry can be culturally transformed into a Road Show among the OIC and Middle East countries, among the ASEAN countries, themed under your imaginative theme of “ International Islamic Money Road Show “ or “ World Islamic Civilization & Money Exhibition “ or any……as a powerhouse to build your own new services industry, packaged under the “Sustainable Development: Cultural Tourism” of World Bank and UNESCO…………you can work closely with Central Banks and Mints, and any financial and banking institutions ,also Ministries of Culture, Art, Heritage, or of Tourism, or of Education, or of Youth……any, no less, OIC countries !

******************************************************************************

Appendix-1
Data of Islamic World

Muslim in Asia, 1,023,564,005 out of its total population of 3,903,418,706, contributed to 26.22% , is 69.35% of Muslim total, Muslim in Europe stand at 44,090,366 (6.052%), out of its total population of 728,571,703, Muslim in North America is 5,115,892 (1.15%) out of its 446,088,748 total population, and South America 1,014,716 (0.7%) out of its total population of 371,075,531, Muslim in Africa stand at 401,975,628 (45.5%) of its total population, 885,103,542.

Muslim population in Indonesia , is 213,469,356 (88.22%), Pakistan is 156,491,617 (96.35%), India 144,755,562 (13%), Bangladesh is 127, 001,272 (88%), Egypt is 70,530,237 (91%), Turkey 68,963,953 (99.8%), Iran 67,337,681 (99%), China 39,189,414 (3%), Saudi Arabia 26,417,599 (95.7%), Russia 21,513,046 (15%), Yeman 20,519,792 (99%), Syria 16,234,901 (88%), Iraq 25,292,658 (97%), Malaysia 14,467,694 (60.4%), Morocco 32,300,410 (98.7%), Jordan 5,471,745 (95%), Sudan 26,121,865 (65%), Afghanistan 29,629,697 (99%), Qatar 819,898 (95%), Algeria 32,206,534 (99%), world total population estimated at 6,430,,856,221, where Muslim population contributed 22.955%, stand at 1,476,233,470.

Economy of the 57 Organization of Islamic Conference (OIC) countries have a combined GDP ( at PPP) of USD5,540 billions, 9.14% of the world GDP, 60,630,000,000,000, Europe Union stand at USD 12,180 billion, United States USD 12,310 billion, China at USD8,883 billion, GDP per capital for EU = USD28,100, US = USD 41,600, China =USD6,800.

GDP for Indonesia is U$869 billions (GDP per capita, PPP) = U$3,600),
Turkey = U$584 billion (U$8,400), Egypt U$304 billions (U$3,900),
Saudi Arabia = U$346 billions (U$13,100), Libya = U$68 billion (U$11,800),
Kuwait = U$47 billion (U$20,300), Oman = U$40 billions (U$13,500), UAE = U$115billion (U$45,200), Bahrain = U$15 billions (U$23,100),
Jordan = U$26billion (U$4,700),
Qatar = U$24billions (U$28,300), Iran = U$56 billion (U$8,400),
Pakistan = U$39.5 billions (U$2,400),
Bangladesh = U$30.5 billion (U$2,100), Morocco = U$135 billions (U$4,100),
Algeria = U$235 billions (U$7,200), Kazakhstan = U$125 billions (U$8,300),
Sudan = U$85 billions (U$2,100), Tunisia = U$82.5 billions (U$8,200),
Syria = U$71.4 billions (U$3,900), Azerbaijan = U$42.9 billions ( U$5,400),
Turkmenistan = U$39.1 billions (U$7,900), Uzbekistan = U$50 billions ( U$1,900),
Brunei = U$6.8 billions (U$23,600)m Kyrgyzstan = U$10 billion (U$2,000),
Albania = U$18.8 billions (U$5,300), Lebanon = U$22.7 billions (U$6,000), Malaysia U$287 billion (U$12,000), Tajikistan = U$8.6 billions (U$1,200), Senegal = U$20.5 billion ( U$1,800),
Guinea = U$18.6 billions ( U$2,000), Guyana = U$3.4 billion (U$4,500),
Uganda = U$47.7 billions ( U$1,900), Nigeria = U$175 billions ( U$1,400),
Algeria = U$235.5 billions ( U$7,200),
Cameron = U$39.7 billions ( U$2,300)