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Announcement:

The Bank of al-Sharq run by the al-Andalus Banking Cartel is the only authorized bank on the area of al-Sharq and no new banks are allowed to open or operate on the Nabiya. all in efforts to promote a better economy and trade and production in the area as well a better cooperation between financial centers and the Nabiya and the caliphate as a whole to lead us to greater heights all by the will of Allah!. The wise men running the cartel have demonstrated their ability and piety thought their actions and its in my sincere belive they will be able to make our land and people much more succesful.

All existing banks in the nabiya are encourage to talk with the cartel and reach a fair conclusion between the two and their operations but of course wont be forced to close by us.

Ja'far Mushafi regent of the calip and Wali of al-Sharq
 
GM NOTE: Due to a lack of orders, deadline shall be extended to tonight at 23:59 GMT. Not having orders in by that will have consequences.
 
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Regarding Regional Banking Monopolies


Taking note of the recent increase in the regional monopolies which banks are claiming for themselves, the citizenry of our Most Serene Caliphate are due some explanation as to what this means.

Impact on the Bayt-al-Mal
It warrants mention that the Bayt-al-Mal (trans. Caliphal Treasury) is a financial institution which operates throughout the Caliphate and is not restricted in the performance of its tax-collection duties nor in delivery of its financial instruments(Musharaka funds, Hibah funds, etc) by regional monopolies. The Bayt-al-Mal will continue to provide options for joint-venture investments (Musharaka) and grants (Hibah) for projects of importance which benefit the Caliphate. (I.e. infrastructure improvement, agricultural projects, port enhancements etc.)

Impact on Access to Credit
The creation of regional banking monopolies seems to run contrary to the purposes of the banking institutions themselves. By confining operations to a handful of regions, a bank may secure for itself all the borrowers in a given area, but similarly closes its doors to borrowers in other areas (as these regions would likely be serviced by an alternate financial cartel).

Particularly with the newly approved Murabahah funds (a financial instrument which the Bayt-al-Mal does not offer), it would seem reasonable for banks to cast their nets as wide as possible, drawing in borrowers from throughout Al-Andalus.

Impact on Regional Morality
In addition to the economic rationale which, presumably, should persuade banking institutions to operate throughout the Caliphate rather than confine themselves to specific regional monopolies, there is an important moral element which cannot go unaddressed.

The Jewish Community knows well that the Sahib al-Ziman has been a friend of the Hebrew people, making no unnecessary discrimination against them. Nevertheless, the creation of regional financial cartels raises the possibility that a Muslim borrower may be forced by geography to borrow from a Jewish lender. Why must a God-fearing Muslim be obliged to borrow from a Jew when he prefers to conduct his finances with a fellow Muslim? By the same token, Jews preferring to conduct their business affairs with Jewish financiers, should be at liberty to do so.

Recommendations
The reasons for regional monopolies has not been adequately established, particularly when the detriments of such a policy are considered. Based on available information it would be reasonable to encouraged the financial cartels to dissolve their regional monopolies and consider expanding their operations to the entirety of our Most Serene Caliphate. However, (see subsequent post) the Cartel and other private financial institutions are invited to further discussion on the subject so that alternate perspectives can be gathered, and a comprehensive policy representing varied interests can be taken into consideration.

Zia ul-Haq Habib
 
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Al-Andalus Banking Cartel


The access of the citizenry to private credit remains an important element of financial policy and will spur economic growth within the Caliphate. The Bayt-al-Mal hopes to take all necessary steps to encourage the development of private financial institutions and to create an operating environment in which such institutions can thrive.

It has come to the attention of the Sahib al-Ziman (as indicated in a previous message) that the formation of the Al-Andalus Banking Cartel has been a point of contention amongst the private financiers of our Most Serene Caliphate.

As we understand it, there are three major private financial institutions in Al-Andalus:
  • The Bank of al-Tagr al-Adna
  • The Bank of al-Sharq
  • The Bank al-Markazī al-Andalus
The first two being members of the al-Andalus Banking Cartel.

The Bayt-al-Mal offers a forum for voicing the competing interests of the Caliphate’s private financial institutions and hopes to facilitate discussion regarding the varied concerns of the Boards of Directors from the banks of Al-Andalus. We remain hopeful that all parties can participate fully in the Caliphate’s financial sector and that the prominent financial institutions will, through discussion, reach a workable and satisfactory agreement.



Zia ul-Haq Habib
 
In the name of Allah the Merciful,

To Qa'ids and Viziers; Bankers and Zia ul-Haq Habib, Salām;

The recent deeds of our armies are truly proof of the superiority of the Dar-al-Islam over the infidels. Just like during the heydays of the First caliphate, when the ancestors of our Caliph - May God exalt and bring peace upon him and his progeny - spread the Ord throughout the Creation. But these strings of conquests have come to an end, and while we have taken back the lands under the Duro, we shouldn't rush and seek to bring even more lands under our control. Instead, the tributes received from the infidels should be put to good use, to benefit the people and for the glory of the Caliph. I thus announce the creations of the Coras of Salamanqah and Soria, that will enable the realm to prosper even more.

Regarding the Bayt-al-Mal, I shall from now on pay for the public works using my own money, and will then ask the esteemed Zia ul-Haq Habib to reimburse me. This should ease some tensions. The issue of the banking establishments remains, and it is my opinion that monopolies are inherently detrimental for the realm. They create nepotism and resent among the merchant classes and among the Muladi populations. Allowing Dhimmis to exercise their trade is good, but forcing faithful Muslims to do business with them exclusively borders impiety. I am not opposed to banking, but giving rights to Dhimmis that we refuse for Muslims will only lead us to riots and tensions. For economic, social and religious reasons, I believe these monopolies should be brought down but I shall ask our honourable Qadi to take the matter upon his own hands. First and foremost, we must remain pious.

Peace be on you,

Ghalib Abu Temman Al-Nasir
 
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Announcement:

The Bank of al-Sharq run by the al-Andalus Banking Cartel is the only authorized bank on the area of al-Sharq and no new banks are allowed to open or operate on the Nabiya. all in efforts to promote a better economy and trade and production in the area as well a better cooperation between financial centers and the Nabiya and the caliphate as a whole to lead us to greater heights all by the will of Allah!. The wise men running the cartel have demonstrated their ability and piety thought their actions and its in my sincere belive they will be able to make our land and people much more succesful.

All existing banks in the nabiya are encourage to talk with the cartel and reach a fair conclusion between the two and their operations but of course wont be forced to close by us.

Ja'far Mushafi regent of the calip and Wali of al-Sharq

According to what we previously declared regarding usury and banking, we consider the establishment of local monopolies as a clear attack against the current order, giving Dhimmis not only the same rights our brothers in Faith have, but even surpassing them. Non believers have been graciously allowed to trade in our realms, and can even advocate against their own courts about issues concerning only those of the same belief, but we cannot simply condone such advantages to those who are blind and deaf to the words of Allah the Merciful.

Therefore, we declare against the law all banking monopolies run direct or indirectly by non-believers. This is the word of Allah.
 
According to what we previously declared regarding usury and banking, we consider the establishment of local monopolies as a clear attack against the current order, giving Dhimmis not only the same rights our brothers in Faith have, but even surpassing them. Non believers have been graciously allowed to trade in our realms, and can even advocate against their own courts about issues concerning only those of the same belief, but we cannot simply condone such advantages to those who are blind and deaf to the words of Allah the Merciful.

Therefore, we declare against the law all banking monopolies run direct or indirectly by non-believers. This is the word of Allah.

So from whom shall we get funds to build projects for the glory and goodness of Allah the Merciful? Sometimes not even al-Nasir, the richest man in Quturba, can work alone in cases of mercantile adventures and astounding architectural feats.

~ Qa'id Yahya Al-Hadi ila'l-Haqq ibn Al-Husayn Dassid of Tagr Al Ala
 
Qa'id Yahya Al-Hadi ila'l-Haqq ibn Al-Husayn Dassid of Tagr Al Ala,

Just because monopoly is broken, does not mean that the bank is disbanded. You can still obtain your Musharakah or Mudarabah through the Banking Cartel or Al-Bank al-Markazī al-Andalus unless you can find personal investors. Also to my knowledge, Qa'id al-Nasir's personal funds by far surpass the funds of any of the current banks, so if al-Nasir's funding is not enough, you'll definitely not find enough gold in those banks in question.

Vizier Sulayman ibn Muhammed of Al-Gharb
 
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Excerpts from a Conversation with Sulayman ibn Muhammad and Eliazer al-Shariq


At the invitation of the Sahib al-Ziman, the Director of the Bank al-Markazī al-Andalus, Vizier Sulayman ibn Muhammad, met with the Chief Representative of the Al-Andalus Banking Cartel, Eliazer al-Shariq, to discuss recent developments vis-à-vis regional financial monopolies.

Zia ul-Haq Habib broached the subject by saying: “Gentlemen, it has come to the attention of the Sahib al-Ziman that there are some issues of contention amongst the leading private financial institutions within our Most Serene Caliphate.”

“Perhaps the Director of the Bank al-Makrazi al-Andalus would take this opportunity to outline some of the issues raised?” continued the Sahib al-Ziman, inviting Sulayman to explain his concerns.

Clearing his throat, Sulayman ibn Muhammad said: “Al-Bank al-Markazī al-Andalus simply wish to operate throughout the entire Al-Andalus, providing services to the devout Muslims… we wish to operate both within Al-Sharq and Al-Adna, yet for some reason Jews were given a monopoly on banking businesses.”

Sulayman continued in making his case for the dissolution of regional banking monopolies, explaining: “While I control Al-Gharb you will notice I have made no moves to prevent the Jewish bank from operating within the province, and do encourage Jewish customers to seek out the Banking Cartel.”

Listening carefully to Sulayman’s statements, the representative of the Al-Andalus Banking Cartel put forward his response. “The al-Andalus Banking Cartel has engaged with public-private ventures with two Walis in order to both stimulate the economic growth of the provinces it operates in…as well as to allow for financial consolidation.”

On this point Sulayman issued a curt reply: “I do not see what this information has to do with monopolies. I could also point out how I have been involved with two other Wali in order for them to improve their Cora.”

Matching the dismissive tone, Eliazer said that he was “unsure how the dealings of the Bank al-Makrazi al-Andalus with other Walis would be relevant to this matter,” reiterating that “the al-Andalus Banking Cartel has been granted a monopoly due to the public-private partnership it has entered into with the Walis involved, in order to consolidate finances and improve services in the Coras.”

“These monopolies block Muslims from conducting banking business without condemning their souls eternally,” responded Sulayman, protesting the regional banking monopolies in the strongest terms.

Eliazer continued: “The al-Andalus Banking Cartel takes deep concern at the sentiments expressed against the involvement of Jews in financial services…speaking on behalf of the al-Andalus Banking Cartel, I find this extra scrutiny and investigation of the Cartel based on the religion of its owner and many of its employees very concerning.”

“Regional monopolies harm Al-Andalus and all who benefit from them are those driven by the deadly sin of greed!” Sulayman interjected. The director of the Al-Bank al-Markazī al-Andalus insisted that the financial monopoly will only “benefit the rich bankers and the vizier, rather than the common people.”

“Does your bank view the Caliphate as corrupt?” inquired Eliazer.

In reply to this question, Sulayman responded: “Not the Caliph, yet there are elements within the Caliphate who are definitely of a questionable character...”

It was at this point that the Sahib al-Ziman, who had been observing the discussion, spoke: “Gentlemen, I don't think there is going to be progress towards a consensus regarding the future of private banking insitutions in al-Andalus. Perhaps a break in discussion to relfect on one another's views and the future resumption of dialogue would be beneficial.”

Closing the discussion, he said: “in its aim of soliciting an exchange of perspectives, we feel that this meeting has been successful. I would like to take the opportunity to thank both of you for participating in this discussion.”


Zia ul-Haq Habib
 
Hijri 374/375


985

The Hajib Muhammad Ibn Abi Aamir spends his time and money on the cities and towns of al-Mawsat. Many of the aqueducts need repairing, and the work is quickly started, with some new ones also built, New houses are constructed, replacing slums in cities like Qurtuba and Isbiliya. A new portage is also constructed along the al-Wādi al-Kabīr river promoting both trade, and agriculture too.
[-15,000 Dinars, +3,500 income to Ibn Abi Aamir, +2,500 income to Qurtuba, +1,500 income to Isbiliya, +1,000 income to Istiyaa +1,000 income to Saduna, +2,500 infra costs, +15 clout ]

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A street scene in one of the cities.​

The army of al-Mawsat is intensively drilled during the year. The new mercenary units are now better merged to the whole structure, receiving uniform equipment with rest of the army, coming from the many foundries of the realm. Mock battles are prepared, and the whole overall quality of the army vastly increases, though it is costy.
[-15,000 dinars to Public Treasury, +5 efficiency to Army of al-Mawsat, +1,500 dinars to al-Nasir, Ibn Abi Aamir and al-`Shahin ]

A degree is passed, annulling the documents issued by al-Nasir. Though, the most damage has already been done, with further attempts trying to impose the monopolist restrictions further hurting the trade incomes of the Caliphate itself. The trade problems are slowly upsetting the merchant class of southern cities.
[-2,500 Trade Income ]

All the new lands conquered from Leon and Castille are purchased from the state, by Amir al-Umara Ghalib al-Nasir. The prize paid is enermous, but it provides al-Nasir with the new vast lands for future agriculture operations. For now, the area remains mostly desolate and barren due to the Christian depopulation policies. Some Berber tribes, mostly Banu Zenun from Saraqusta, have however settled to the area, though it is unknown how they will react to Ghalib’s acquisition.
[-125,000 Dinars, +15,000 income, +15 clout, +75,000 Dinars to Public Treasury, +15 clout ]

Ghalib al-Nasir decides to lobby for people to settle in the new lands, though this seems to not be very efficient. Some people move to the area, but many are afraid of the stories told of the Christians, and how they have depopulated the land. Some courageous Muslim citizens nevertheless arrive to the new land, creating small settlements close to the forts. The lands annexed from Castille are declared part of a new Cora, Soria, and the lands annexed from Leon to a new Cora of Salamanqah. [-10,000 Dinars to al-Nasir, +5 clout, +2,500 income, +2,000 income to Salamanqah, +1,000 income to Cora of Soria ]

Books concerning water distribution are sent from the Great Library to Ghalib al-Nasir.

The Third Regent, Vizier Ja'far Mushafi expands vastly the stables. He starts buying and purchasing various new breeds and also some further land for it, apparently hoping to make it the largest stables and horse provider in all of al-Andalus.
[-7,500 dinars, +3,500 income, +5 clout ]

Recognizing the mounting pirate threat in the seas near his Nabiya, Vizier al-Mushafi starts the heavy fortification of the coastal cities, like Turtusha and Balansiyya, to defend them from naval and land assault. Many fortifications are also built in other parts of the Nabiya, with quite huge expenses.
[-20,000 Dinars, 1/3 fortification of Balansiyya, Turtusha, Taraquna, Al-Daniyya, Medinat al-Laqant ]

Ignoring the fact that corruption has been nearly totally rooted out in years of anti-corruption campaigns, Vizier al-Mushafi orders one done on the whole width of the Caliphate. Some officials are sacked, and replaced with new ones, without any considerable change in their efficiency. Many however believe that al-Mushafi is effectively undermining the influence of the other regents.
[+15 clout, -5 clout to al-Nasir and Ibn Abi Aamir ]


In al-Gharb, the local Vizier Sulayman ibn Muhammad ibn Aban ibn Abdullah ibn Muhammed decides to set up a specifially Muslim bank with its headquarters in Martulah, and services available to Muslims all across Al-Andalus. The bank offers all the common services of a true Islamic bank, particularly focusing on offering Wadiah with a decent rate and using these funds in order to do Mudarabah and Musharakah.
[Stats for *Al-Masraf al-Markazī al-Andalus will be added, -15,000 Dinars, +10 clout ]

Vizier Sulayman wants to start a program to encourage immigration to al-Gharb, in particular he wishes to draw people from the more war-torn Muslim areas, this being interpreted as the Maghreb. Many Berbers after Berbers flock into al-Gharb, forming a threat to the Arab-Berber power balance in the area, and greatly upsetting the wealthy local Arabs. Many of the Berbers moving to Al-Gharb are offered Mudarabah from the Vizier's new bank, and they establish small businesses for themselves. Some Arabs also move in, on the expense of the lands of al-Sharq.
[-15,000 Dinars, +2,500 income, +5 clout, +1,500 income to Martulah, +1,500 income to Labla, +1,000 income to Al-Fagar, -1,000 income to Tudmir, -1,000 income to Balansiyya ]

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Berber settlers.​

Qa’id Salehrn ibn Hussuf al-Ruminin starts to similarly promote immigration and his Nabiya also faces a huge flow of Berbers from the Maghreb, also making way for potential unrest. Most of the new settlers however arrive from other coras, mostly from al-Mawsat. The relocation of population might prove problematic in the future, and many in the Caliphal court and in al-Mawsat upper class are dissatisfied with what they describe as attempts to undermine the traditional position of al-Mawsat…
[-7,500 dinars, +1,500 income, +5 clout, +2,500 income to Maridah, -1,500 income to Qurtuba, -0,500 income to Isbiliya ]

Al-Ruminin continues to make progress with the training of his pigeons and the building of dovecotes and the training of outriders, with the implementation of his mail network hopefully becoming a possibility in a few years.
[-5,000 Dinars, 1/3 pigeon training and dovecotes. ]

Qa‘id Yahya Al-Hadi ila'l-Haqq ibn Al-Husayn Dashid sends a messanger to the Count Borrell II of Barcelona, offering him trade and security deals. Sadly for Dassid, this seems to end up in a failure, at least partly. The Count still happens to believe that the Frankish Kingdom can provide him with enough safety, thus he declines the defense-linked agreements, as he believes he can only have those ties with his feudal lord. Trade however is done between Barshilluna and Saraqusta.
[+5 clout, +1,500 income to Dassid, +1,500 Trade Income ]

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The new ploughs in use.​

Qa’id Dassid standardizes the use of heavy mouldboard ploughs on his lands in Saraqusta Cora, increasing the agricultural yield. Other farmers are encouraged to follow this example, some of them acquiring new ploughs and standardizing the agriculture of Tagr al Ala
[-7,500 Dinars, +3,500 income, +1,500 income to Saraqusta]

Wali Naadir ibn Haneef ibn Tariq al-Shahin wants to once more spend a huge part of his wealth on a large array of different acquisitions. These include a number of farms, from the few who are still willing to sell it to him, as well as some mines and other businesses in the Garnatah and Yayaan coras.
[-40,000 Dinars, +15,000 income, +5 clout, +1,500 income to Garnatah, +1,000 income to Yayaan ]

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A small artisanshop acquired by al-Shahin.​

Wali Naadir ibn Haneef ibn Tariq al-Shahin orders a small commission start laying the groundwork to expand the port in Garnatah. However, there is no port in Garnatah as the city is inland. They thus interpret this as an idea to actually expand the port of al-Mariyya. However, due to the little funding allocated, progress is not done very well, but at least some plans are made.
[-2,000 Dinars ]

Wali Nasir ibn Ahmad ibn Bakr al-Fayuz builds a number of houses and workshops, housing artists and artisans who carve beautiful sculptures from the ivory brought north from Ghana. Most of the ivory is taken to Qurtubah and to other cities of al-Mawsat. The Caliph's court and the upper merchant class prove to be an excellent market for the products.
[-7,500 dinars, +3,000 income ]

Al-Fayuz begins expanding his silk manufactory and starts to export significant amounts of silk to al-Andalus, and with reduced prices to areas which have been traditionally provided with silk from the manufactories at Isibiliya. The silk merchants of Isbiliya denounce this as a blatant attempt to undercut them. As all the exploitations against the merchant class of Isbiliya and other cities of al-Mawsat continue to build up, the situation turns tense…
[-10,000 Dinars, +3,500 income, +5 clout ]

Wali Muhammad ibn Shiba al-Qebab builds a statue of himself, in the town of al-Yazirat. It is described by him as “butiful”. Many of the citizens find it strange, but maybe some of them now respect him. In addition to this, he builds a small trade house in al-Yazirat, again profiting from the flow of the Maghrebi trade.
[-5,000 dinars, +5 clout, +1,500 income ]

Wali Muhammed Berail Salidun continues working on his road project, completing the connection of Larida to the port of Taraquna. While not that much new overseas trade is attracted by this, some trade with Barshiluna and other Christians take this new route, selling their goods in Larida. The results are however rather disappointing, due to the inland location of Larida. But there is nothing Wali Salidun can do about geography, as most of the maritime trade just happens to focus on port cities…
[The road completed, +5,000 income to Wali Salidun, +5,000 income to Wali Sulayman, +2,500 trade income to the Caliphate, -0,500 income to Qa’id Dashid ]

In Larida itself, Wali Salidun hopes to increase local urbanization, and maybe attract new immigrants. This somewhat works out, as Christian artisans and merchants settle there. A bank is ordered to be constructed there, the details of which remain sketchy. Wali Salidun also purchases some new estates along his road construction.
[-10,000 Dinars, +2,500 income to Wali Salidun, +1,000 income to Larida, bank construction needs another order ]

Zalmedin Yusuf ibn Bakr ibn Sahl al-Banu Lakhm holds great festivities in Mayurqa, as he is able to proudly announce that his wife is pregnant. Many locals, but also merchants from the mainland arrive to the feast, increasing Al-Banu Lakhm’s influence and prestige.
[-2,000 dinars, +10 clout ]

After the recent pirate attacks, improvements to naval organization are implemented to al-Banu Lakhm's fleet. These reforms include better and more codified signals, as well as better logistical support. This seems to be successful, as the navy is able to defeat a new pirate attack, without losing any of their ships. Sadly for al-Banu Lakhm, the pirate ship sinks without survivors, and the other ones are able to leave. But at least the trade ships could travel safe again, at least for now…
[-2,500 Dinars to al-Banu Lakhm, +5 clout ]

Qadi Muhammad ibn Umar al-Bakri invites the Caliph, under an armed guard of course, to the Grand Mosque of Qurtuba for Friday prayers, as they pray together for the wellbeing of the population of al-Andalus. The Qadi also allocates further funds for the veterans of the wars fought against Castille and Leon.
[-5,000 dinars to public treasury, +15 clout ]

A man by the name of Ali al-Farhat, a lumber merchant, presents Sahib al-Ziman Zia ul-haq Habib with a marriage proposal. Zia, in need of a wife, agrees to al-Farhat’s proposal and marries his daughter Kamal, and also acquiring a part in Ali al-Farhat’s lumber businesses. A great feast is held to celebrate the nuptial.
[-1,500 dinars, +5 clout, +1,000 income ]

After he makes a careful study of available literature regarding the Roman metallurgy in al-Andalus, Sahib al-Ziman Zia ul-haq Habib recovers some interesting lost details regarding the mineral wealth in al-Mawsat. He takes into account the findings revealed by the ancient scholarship, as well as the Geological Survey of Al-Maswat commissioned by the Hajib a few years earlier. Thus, new mines, state controlled, are opened along the al-Wadi al-Kabir. The new minerals include copper and silver, as well as even gold.
[-10,000 Dinars to Public Treasury, +5,000 mining income, +5 clout ]

Azhar ibn Ebrahim ibn Fahim al-Farsi studies the art of the local pottery, in the land of Shin (Arabic for the area). He also talks with government officials there, learning of the local history, customs, and above all, language. Once he decides to return to al-Andalus, he will be one of the wisest and most learned men.
[-1,000 dinars, +5 clout ]

The another traveler, Physician Abu al-Qasim al-Zahrawi arrives to Baghdad, visiting the Great Library, as well as the house of wisdom. He is able to acquire many new medicines, as well as several other ideas which will be useful later. After spending months in Baghdad, he leaves for Persia.
[-1,000 dinars, +5 clout ]

Eliazer ibn Rueben ibn Moshe al-Shariq, undoubtedly the most prominent banker of al-Andalus, conducts an extensive recruiting campaign for experienced accountants, bankers and other skilled clerks, wishing to make the new al-Andalus Banking Cartel even more effective, with great results. Some of these men also arrive from the Maghreb, as they were supposed to travel to the far-away Islands, instead taking advantage of al-Shariq’s work offer…
[-5,000 Dinars, +2,500 income to al-Andalus Banking Cartel, +0,500 wages costs ]

The al-Andalus Banking Cartel makes vast expansions, especially the Banks of al-Tagr al-Adna and al-Sharq. In al-Sharq, the local bank consolidates its hold by removing many of the other small local banks, using its leverage to buy them out, or by buying majority shareholding.
[-5,000 Dinars to AABC, +3,000 income to AABC ]

Usus Amalu sends his recruits to Moses Maimonides’ command. However, some of these men used the opportunity to give up the “doomed journey” and flee to work in al-Shariq’s banks. But now Usus Amalu is cleared of the burden of providing the upkeep of these men. Only a small part of these men are able to travel to join Moses Maimonides on the Island, as they lack any transport…
[+4,500 income to Usus Amalu, -3,750 income to Moses Maimonides, +1,500 infantry, +0,500 cavalry to Moses Maimonides ]

Usus Amalu creates a farm and a small marketplace within his compound in the Maghreb. The farm is able to provide somewhat enough wheat to feed his army and his cattle. Usus Amalu had also referred to some non-existent plant to be used for food production, and thus the order was ignored. The marketplace provides Usus with some income, though it is largely unpromising due to the huge advantage of the Maghrebi trade organization.
[-7,500 dinars, +3,500 income ]

On the Island, Kathir al-Thairti and Usus Amalu finish their trade post, making some trade deals with the primitive locals, selling them different simple goods for huge prices. However there is not much of goods coming from the island’s populace itself, at least not yet.
[-5,000 dinars to both, +2,500 income both, +5 clout to both ]

Moses Maimonides sends a message to his aides in al-Andalus to start using the knowledge provided from the East, in order to make paper from the hemp farms. However, due to the fact that Moses Maimonides tries to focus on so many different things in far away locations at once, the production remains small scale.
[-10,000 dinars, +2,500 income ]

Kathir al-Thairti arrives back to Qurtuba from the Islands behind Allah’s back. He decides to open a military academy, where he trains young commanders on the use of force and maneuver, as well as traditional horsemanship and sword skills. Many of the young men are sons of nobles, giving al-Thairti some good friends..
[-5,000 dinars, +1,500 income, +10 clout ]
 
On migration:

I find that the policies of various nobles within the Caliphate is not supportive of the wellbeing of Al-Andalus and its people. The southern regions, namely Al- Gharb, Al-Mawsat, and Al-Sharq, are already heavily populated, and have a mix of the races that is precariously balanced at the best of times. I find it best that heavy migration, both into and out of these regions, ceases. Regarding the northern regions, Al-Tagr al-Adna, Al-Tagr al-Awsat, and Al-Tagr al-Ala, it is evident that their low population and surplus of untilled land make them viable for immigration to increase their productivity. However, it is not viable that the immigration to the northern regions is produced mainly by the southern. The aforementioned balance between the races will be upset, and the economic prosperity of the lands will be disrupted. Furthermore, I question the sense in depopulated Morocco only to fill Andalus. The people of Morocco are our allies, and their prescence in their current lands not only enables the flow of trade in Africa, but also serves as a buffer between the lands of the Caliph and the lands beyond our sphere of influence. I do not raise these issues on my own behalf. Many servants of the Caliph from across the realm have petitioned me to raise these issues.

On finances, and their misuse:

In recent years, vast sums of money have left the Caliphal treasury; sometimes for military purposes, sometimes for civil or economic, and sometimes for vain. It was thought that the efforts of our Treasurer, a loyal and dutiful servant of the Caliph, may have put an end to this. However, this may not be the case. It has not gone unnoticed that a significant proportion of the wealth that goes into the treasury comes from the lands of al-Mawsat. Neither has it gone unnoticed that a significant minority of the treasury is spent on al-Mawsat. This is not an issue when the funds are needed for necessary military purposes, or where injections of wealth are beneficial to the people and the realm. However, the use of Caliphal funds for expensive vanity projects, or those with no reasonable function, must come to a close. The Caliph has been generous with his wealth for many years, but it is felt that some may be taking liberties with this generosity.

On banking:

In accordance with al-Nasir and our pious Qadi, banking monopolies which seek to limit the function of other banks are harmful to the state and not supportive of the realm as a whole.

On trade:

I must remind all nobles and merchants that entrance into the Maghrebi trade assocation is not barred. Pending agreement by the current financers, new members are welcome and may join if they wish to support and participate trade within the Maghreb and across the Sahara. Co-operation, not competition, should be our mantra in trade as in all things. Furthermore, I personally shall be taking efforts in the coming years to support our trade with fellow muslims in Tunisia and Sicily.
 
The Zirid Succession


640px-Great_Mosque_of_Kairouan%2C_prayer_hall.jpg

The Mosque of Uqba in al-Qairawan​

On the 10th of Shawwal, Hijri 375, the Great Governor of Ifriqiya, Buluggin ibn Ziri passed away peacefully in his court in al-Qairawan. The old man was indeed the greatest adversary of al-Andalusis in the Maghreb, yet after the recent peace treaty with him, he was respected by many. His death created at least a temporary dispute between his two sons, Hammad ibn Buluggin in Al-Jazair in Central Maghreb, and his successor to the Governorship, Al-Mansur ibn Buluggin, in Ifriqiya.

These new events could maybe provide an opportunity for the Caliphate of al-Andalus to strengthen its position, or try to approach the sons of Buluggin with diplomacy. However, it is sure that the relationship between the Zirids and al-Andalus will be changing, but it remains to be seen into which direction. It is rumored that the remnants of Banu Ifran and other Zenata tribes subdued by the Zirids are growing restless. Nevertheless, the Miknasa remnants on the frontier stand steadfastly loyal to the Zirids, especially to Hammad.

GM NOTE: Stats and announcement of order deadline tomorrow
 
Buccolini dies a dastardly death at the hands of dastardly people. Andalus celebrates as the Hajib prepares to bring untold glory to the world

((Alas, poor Buccolini!))
 
A letter arrives to Zia ul-haq Habib in Qurtuba

My honored treasurer, I would like permission from you to be granted 10.000 Dinars for improvements in the Cora of Granada but more specifically the port city of al-Mariyya. I am very well aware that I am asking for a large amount of investment and that its larger than what many in your most esteemed office would consider reasonable. That being said I still would consider it a worthy investment into the city and the Cora, so while I understand concern I wish to simply say that I consider it a worthy investment and hope that you will agree. But I unlike others will not simply ask for an investment for the sake of spending the money on behalf of our glorious Caliph, therefor I myself will provide 50.000 dinars of my own for investment into the Cora as well, in hopes that you will see and that I can show the rest of the loyal subjects under our esteemed Caliph, that I believe in this project and I am willing to risk my own fortunes in it and carry the blunt of the burden.

I look forward to your response, honored treasurer.

-Wali Naadir ibn Haneef ibn Tariq al-Shahin.
 
Another letter arrives for Zia ul-haq Habib

I hereby ask the Bayt-al-Mal and the honourable and pious treasurer to provided extra funding to Tagr al Ala this year for the use of extensive road repair and expansion. We will do what we can with the resources we have, but any additional help from the Bayt-al-Mal would be greatly appreciated. Any such investment into Tagr al Ala will be repaid in full from the trade and production that it brings into the area.

Thank you for your time,

~Qa'id Yahya Al-Hadi ila'l-Haqq ibn Al-Husayn Dassid
ويقوم قائد يحيى آل هادي رابطة القانون الدولي القاعدة، حركة حق بن الحسين راشد ~​
 
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Funding Requests from the Bayt-al-Mal

The Baty-al-Mal is pleased to work in conjunction with two of the most exemplary subjects of Our Most Sublime Caliph. In the past, the investments of both Al-Husayn Dassid and al-Shahin have brought considerable and tangible benefits to al-Andalus.

Coastal Defences in al-Mariyya
Having spoken privately with the esteemed al-Shahin, and having received further details regarding his recent request for funding from the Bayt-al-Mal, we are pleased to proceed with the project.

The region of al-Mawsat is one of the most resplendent jewels of the Caliph’s diadem, and the city of Garnatah a glistening pearl. Protecting this precious gem is by no means an easy task. The recent surge in piracy in the Mediterranean has invited great concern for coastal defences.

While reported instances of maritime raids have occurred some distance from Garnatah, protecting the coastline remains a priority. After all, the name of the fishing village, al-Mariyya, means watchtower, referring to some ancient redoubt which once guarded the coast.

The Bayt-al-Mal is willing to finance the construction of an al-cazaba (trans. Fortress) in al-Mariyya, and will commit D.10,000 to such a project.

Funding: Hibah (trans. Gift/Grant)
Sum: D.10,000
Purpose: Coastal Defence
Status: Approved


Infrastructure Projects in Tagr al Ala
The location of Tagr al-Ala—our north-eastern frontier with the Christian kingdoms and principalities—is particularly sensitive, and the unencumbered movement of our armies to, from, and within the cora is doubtless both desirable and necessary for maintaining our existing borders.

The recent infrastructure project undertaken by Wali Muhammed Berail Salidun have contributed in some measure to enhancing the security of the cora. However, as indicated by Al-Husayn Dassid, the need additional investment in regional infrastructure remains.

Based on infrastructure projects in Al-Gharb and Al-Sharq (Hijri 372/373)—which included the extensive expansion of both road networks and ports—the estimated cost of such a project is approximately D.7,500.

Noting that Tagr al-Ala is an inland cora, the funds allocated to port expansion are, of course, not applicable. However, the River Ebro does flow through the region. With this in mind, we invite Al-Husayn Dassid to consider, in addition to road improvement and expansion, constructing a stone bridge spanning the river.

The Bayt-al-Mal will transfer D.8,500 to His Excellency Al-Husayn Dassid for the purpose of infrastructure development in the Cora of Tagr al-Ala.

Funding: Hibah (trans. Gift/Grant)
Sum: D.8,500
Purpose: Infrastructure Development
Status: Approved


Zia ul-Haq Habib
Sahib al-Ziman
 
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I must make my plea to the leadership of this most holy Caliphate,

The ever-bold attack on our fleet are obviously spurned by another entity with malignant and ulterior motive, as they continue to harass our trade. As such, I must recommend the opening of an investigation of sorts, to better facilitate a possible retaliation. My organizational works in our navy have done well to spurn failure, but this problem must be nipped before it continues.

- Zalmedin Yūsuf ibn Bakr ibn Sahl al-Banu Lakhm, Qa´id al-asatil, of the Iqlim of Mayurqa
 

Response to the Qa’id al-Asatil

It is with a renewed sense of alarm that we turn to the matter of the security of our merchant marine. The initial call to action—issued last year by the Qa’id al-Asatil, supplemented by the testimony of Captain Hassem al-Aḥdab, and accompanied by the analysis of Wali al-Fayuz—went unanswered.

Careful scrutiny of the available information lends credence to the prevailing view that the rival Fatimid dynasty in Cairo, along with its vassals in the Mediterranean, have taken it upon themselves to obstruct our sea trade. Nevertheless, the limited evidence ensure that without further investigation such conclusions remain speculative.

The interruption of our trade has not only serious economic consequences for our Most Serene Caliphate but important diplomatic repercussions as well. Considering that the raid carried out last year against our fleet, if instigated by a rival state, would be tantamount to an act of war, surely we cannot take lightly the significance of such events.

I understand full well that many pressing matter may require the Caliphal leadership to focus their attention elsewhere [as was the case last year when the regional banking monopolies emerged as a domestic policy issue]. However, I think we can all agree that we cannot ignore the fact that a raid occurred and could very well occur again.

It is not being suggested, of course, that a single raid on our fleet should galvanize the Caliphate to bellicose action. But, by the same token, complacency cannot be our primary response. Therefore, I must echo the sentiment expressed by the esteemed Qa’id al-Asatil in calling for further investigation into the raid against our trading fleet.


Zia ul-Haq Habib
Sahib al-Ziman
 
GM NOTE: Stats updated. Orders due Thursday the 13th at 23:59 GMT.
 
אאבק

OFFICIAL SHAREHOLDERS' REPORT: January, 986

Gentlemen, the year of 985 held many ups and downs for the al-Andalus Banking Cartel, though overall our financial institution has seen exceptional growth, as well as an increase in the quality of our services and our employees. As of now, the al-Andalus Banking Cartel is valued at 56,000 dinars, a 280% growth in value from 20,000 dinars in the previous year. In this report, the reasons for this remarkable growth shall be explored, as well as reflection on the previous year for the Cartel.

First, revenue rendered from our financial services grew by 11,000 dinars over the past year. This marks a period of 210% growth from the annual revenue of 10,000 dinars projected at the beginning of 985. This extreme growth is due to many factors, primarily due to three factors: public-private partnerships with between the Banks of al-Sharq and al-Adna and their respective regional governing authorities, an increase in quality in the staff of the Cartel, and financial consolidation in the regions where the Cartel was strongest, most notably of which was al-Sharq. Further public-private partnerships of the nature engaged in last year will no longer be possible due to the current judicial environment, and so this method of growth will obviously not be employed in the coming year. It is unlikely the Cartel will need to further increase staffing over the next year, so this will likely also not see further investment in the coming year. However, financial consolidation has proven itself to be an excellent strategy to complement conventional growth strategies, and so this likely will continue for the next year.

Next, costs paid by our firm grew by 500 dinars over the past year. This marks a period of 20% growth from the annual costs of 2,500 dinars projected at the beginning of 985. While on its own this statistic seems grave and significant, when compared to the growth in revenue, it is clear the ratio in growth rates between revenues and costs is clearly positive in favor of revenues, and therefore the 20% growth rate in costs represents a major victory for the Cartel as its operation enlarges and it increases across the Caliphate. This increase in costs mainly due to increased staffing costs as the Cartel employs more and more skilled accountants, bankers, and other financial consultants, and was a very necessary expenditure on the part of the Cartel.

Finally, profits generated by the al-Andalus Banking Cartel grew by 8,000 dinars over the past year. This marks a period of 107% growth from the annual profits of 7,500 dinars projected at the beginning of 985. After reviewing the growth rates of revenues and expenditures, this growth in profits should seem self-explanatory.

At the moment, the treasury of the al-Andalus Banking Cartel sits at 38,000 dinars. This treasury balanced is comprised in its entirety of direct investment by the al-Shariq family, as well as profits retained by the Cartel due to its operations during the past two years. Due to a concerted public campaign against investment or deposits in the Cartel due to its owner's religion, there is little to no outside investment in the Cartel. Despite this seeming setback, this allows the Cartel to invest its treasury freely, and will allow more dynamic growth strategies in the coming year.

The al-Andalus Banking Cartel faces only regional opposition as of 986, the largest of which is the Al-Masraf al-Markazī al-Andalus, valued at 11,500 dinars, or approximately 21% of the value of the Cartel. This financial institution is run by the Vizier Sulayman, and is mostly centered around Martulah, though it provides financial services for the surrounding area. As of now, the firm seems to be moving toward the religious-minded subjects of the Caliph who would not wish to borrow from a financial institution that consorts with those of faiths other than Islam. Therefore, due to the separation between target markets of the Cartel and the regional bank of Martulah, it is unlikely in the coming year major competition will occur.

Over the coming year, the Cartel is looking to maintain a growth rate of 60% in regards to value, specifically a 40% growth rate in regards to profit. It shall be seeking deposits by those willing to make deposits in the bank, as well as increasing general investment, following conventional growth strategies, as well as employing more innovative strategies such as the successful strategy of financial consolidation, as employed in the previous year.

It is on this note that the meeting shall be adjourned. Thank you for your time, gentlemen.

~Official Statement from the al-Andalus Banking Cartel