ISLAMIC MINT NUSANTARA – WORLD ISLAMIC STANDARD is already made a documentation of Research, Historical Writing, Fiqh and Measurement for Dinar Dirham Islam concerning weight and purities, and followed by FATWA CONCERNING STANDARD WEIGHT AND PURITIES OF DINAR DIRHAM ISLAM (Januari, 2011). We found this writing from Dr. Ahamed Kameel regarding The Historical Standard, Islamic Gold Dinar will put more and more the Dinar 24K (9999) in strong position to implement in our muamalah and the pillar of zakat (mal).
Sources: Dr. Ahamed Kameel, Associate Professor in the Faculty of Economics and Management Sciences, International Islamic University Malaysia.
Abstract
Lately, there have been questions on what the standards for gold dinar and silver dirham are. Since the dinar and dirham indeed formed the Shari’ah monetary standards from the time of the Prophet pbuh, our work can, therefore, only involve in the rediscovery of that classical standard. Henceforth no parties or organizations can come up with their own standards. Since the Islamic gold dinar did not come into existence until after about 50 years of the Prophet’s pbuh demise, it is obvious from history that the solidus of the Eastern Roman Byzantine Empire was the monetary basis for the Shari’ah. Hence the best way to determine the standard is to look at the definition given by its issuer, the Byzantine Empire. Coins unearthed by archeologist cannot be relied upon for this purpose because such coins generally suffer from wear and possible tempering like clipping etc. It was found that the actual historical standard for the dinar to be 4.5gm of pure gold and the dirham to be 3.15gm of pure silver. However, since the role of dinar is simply as a measure of value that depends on the gold-content and if zakat is based upon 1-year’s provision of foodstuff, then the 4.25gm dinar of pure gold and 2.975gm dirham of pure silver, as those circulated during the Prophet’s pbuh era, is also a standard. Continue reading →
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