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Modern gold dinar AI simulator
(@Modern gold dinar_simulator)
Hub AI
Modern gold dinar AI simulator
(@Modern gold dinar_simulator)
Modern gold dinar
The modern Islamic gold dinar (sometimes referred as Islamic dinar or Gold dinar) is a proposed bullion gold coin, so far not issued as official currency by any national state. It aims to revive the historical gold dinar, which was a leading coin of early Islam. Advocates have suggested it could consist of minted gold coins (dinars) or of silver coins (dirhams).
According to Islamic law, the Islamic dinar is a coin of pure gold weighing 72 grains of average barley.[citation needed] Modern determinations of weight for the "full solidus" weigh 4.44 grams at the time of Heraclius and a "light solidus" equivalent to the weight of the mithqal weighing 4.25 grams, with the silver Dirham being created to the weight ratio of 7:10, yielded coins of 2.975 grams of pure silver.[citation needed]
Umar Ibn al-Khattab established the known standard relationship between them based on their weights: 7 dinars must be equivalent (in weight) to 10 dirhams.[citation needed]
The Revelation undertook to mention them and attached many judgements to them, for example zakat, marriage, and hudud, etc., therefore within the Revelation they have to have a reality and specific measure for assessment of zakat, etc. upon which its judgements may be based rather than on the non-shari'i other coins.
Know that there is consensus since the beginning of Islam and the age of the Companions and the Followers that the dirham of the shari'ah is that of which ten weigh seven Mithqals weight of the dinar of gold... The weight of a Mithqal of gold is seventy-two grains of barley, so that the dirham which is seven-tenths of it is fifty and two-fifths grains. All these measurements are firmly established by consensus.
Per the historical law stated above, one dinar is 4.25 grams of pure gold, and a smaller denomination, the daniq, one sixth of that. Again from the law above, the dirham is 2.975 grams of pure silver. The value of each coin is according to their weight and the market value of the two metals. Coins may be minted at fractions or multiples of these weights and valued accordingly.
In practice coins were historically minted in either 24 karat "pure gold" although some contemporary coins have been minted in 22k for greater durability. In either case the weight of the gold content will be as per law.[citation needed]
In Indonesia, while there is no official national coin, a number of mints are producing their own gold dinars, including that launched in 2000 by the Islamic Mint Nusantara (IMN). and Logam Mulia.
In 2002, the prime minister of Malaysia proposed a gold dinar standard for use in the Islamic world.
Modern gold dinar
The modern Islamic gold dinar (sometimes referred as Islamic dinar or Gold dinar) is a proposed bullion gold coin, so far not issued as official currency by any national state. It aims to revive the historical gold dinar, which was a leading coin of early Islam. Advocates have suggested it could consist of minted gold coins (dinars) or of silver coins (dirhams).
According to Islamic law, the Islamic dinar is a coin of pure gold weighing 72 grains of average barley.[citation needed] Modern determinations of weight for the "full solidus" weigh 4.44 grams at the time of Heraclius and a "light solidus" equivalent to the weight of the mithqal weighing 4.25 grams, with the silver Dirham being created to the weight ratio of 7:10, yielded coins of 2.975 grams of pure silver.[citation needed]
Umar Ibn al-Khattab established the known standard relationship between them based on their weights: 7 dinars must be equivalent (in weight) to 10 dirhams.[citation needed]
The Revelation undertook to mention them and attached many judgements to them, for example zakat, marriage, and hudud, etc., therefore within the Revelation they have to have a reality and specific measure for assessment of zakat, etc. upon which its judgements may be based rather than on the non-shari'i other coins.
Know that there is consensus since the beginning of Islam and the age of the Companions and the Followers that the dirham of the shari'ah is that of which ten weigh seven Mithqals weight of the dinar of gold... The weight of a Mithqal of gold is seventy-two grains of barley, so that the dirham which is seven-tenths of it is fifty and two-fifths grains. All these measurements are firmly established by consensus.
Per the historical law stated above, one dinar is 4.25 grams of pure gold, and a smaller denomination, the daniq, one sixth of that. Again from the law above, the dirham is 2.975 grams of pure silver. The value of each coin is according to their weight and the market value of the two metals. Coins may be minted at fractions or multiples of these weights and valued accordingly.
In practice coins were historically minted in either 24 karat "pure gold" although some contemporary coins have been minted in 22k for greater durability. In either case the weight of the gold content will be as per law.[citation needed]
In Indonesia, while there is no official national coin, a number of mints are producing their own gold dinars, including that launched in 2000 by the Islamic Mint Nusantara (IMN). and Logam Mulia.
In 2002, the prime minister of Malaysia proposed a gold dinar standard for use in the Islamic world.