Article: Water, pasture & fire

Article: Water, pasture & fire

MMJ
Gerakan Keadilan Monetari
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Muslims are partners in three, water, pasture and fire.


Hadith narrated by Ibn Majah.

The Prophet (peace be upon him) have identified three matters that must be owned by the ummah, namely water, pasture and fire. This was first implemented by Caliph Umar AlKhattab in Iraq. This is Islam’s public policy in its finest.

Water of course refers to rivers, lakes, seas, oceans, waterfalls and similar; pasture to grazing land, timber and forest; whilst fire to minerals, coal, petroleum and gas. Clearly its not right for these natural resources to be privately owned. It must be shared for the benefit of the people of the nation.


The time has come perhaps for the housing industry to be owned by the state and no longer privatized. It is amazing no nation has so far felt it is necessary to nationalize the housing industry. When housing is left in the private hands we will all soon arrive at the current situation in mature economies like Germany and Switzerland. Nobody owns or buy houses anymore, all rent! Well at least the great majority excluding the super rich. When the banks combined with private developers to focus on funding housing development and house purchases, house prices will soon rocket to beyond the affordability of new generations. We hear too much of famous stories like a 22’x70’ house in USJ costing RM160,000 in late 90’s to Bukit Jelutong 22’x70’ houses costing RM500,000 in 2010 to Elmina 22’x70’ houses costing RM850,000 in 2020’s. RM430,000 buys a landed property 24’x80’ house in Bukit Jelutong in 2010 now is the price of a studio one room apartment in a nearby Condo.


This is of course the result of collusion and manufactured demand between banks and housing developers. But we ask too, how natural is the increase in pricing between a new house in the new development to its last done sale in the next door just completed development. We don’t want to hear the average price of a house in the completed neighbouring development to be RM300,000, only for the last done sale to be RM500,000. Usually the last done sale will be the basis of the new price in the development about to be started.


When we say nationalizing the housing industry it means we end the private maximizing excesses we find in current trends. Today in KL it appears the developers prefer to cater for millionaires from China and similar than young Malaysian couples requiring decent housing to match their income.


Governments must not be stuck in a permanent rut unwilling to change or move to please their people. Big industries and vested interests usually dictates the doables of our government. If this is the continued case the people must rise to teach their governments a lesson. 


The other relevant topic is when is the government going to realise about the reality of monetary systems, banking systems, education systems for them to reform for the betterment of their people.


Isn’t it about time the government realise the monetary system burdens the nation with permanent inflation, stunted wages and salaries, unemployed and underemployed youths and graduates, widening poverty gaps, rocketing house prices, and generally painfully squeezed cost of living for its citizens.


Things are not going to change by changing Deputy Presidents of a party. Or changing governments from this party to that party, or from this coalition to another coalition they are all, same old, same old of the same mould with no serious solutions to reform for a better life for the people of the nation. 


When will we realise our education system hides the defects of the monetary and banking system? And experts advice from this education system takes us further away from the true solutions? And our regulatory institutions needs to adjust their loyalty to the nation. Just because an Institution is based in Europe and run by people from the West does not mean they are correct and have our best interests at heart. 


And let's realise our mistake now thán in a place which is too late for realisation.




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Dikemaskini [Updated]: Sam Ahmad 20250614


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