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Islamic Gold Dinar

Islamic Gold Dinar

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Published by: globusco on Apr 21, 2010
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Islamic gold dinar From Wikipedia, the free encyclopedia This article does not cite any references or sources.Please help improve this article by adding citations to reliable sources. Unsourced material may bechallenged and removed. (October 2009)The modern Islamic gold dinar (sometimes referred as Islamic dinar or Gold dinar) is a bullion goldcoin made from 4.25 grams of 22-carat (k) gold that is a recent revival of the historical gold dinar which was a leading coin of early Islam.[citation needed] It is separate from the currencies of variousstates that use the dinar as a denomination.[citation needed]Contents [hide]1 Gold content and value2 Dinar history3 Modern history3.1 Gold dinar in Malaysia4 See also5 Notes6 External links[edit]Gold content and valueDenominationWeightLon Fix1 Dinar0.125254 Oz$110.132 Dinars0.250508 Oz$220.268 Dinars1.002032 Oz$881.04Fabrication costs are not includedLondon Fix As of 7 April 2009 @ 879.25[edit]Dinar historyAccording to Islamic law, the Islamic dinar is a coin of 22k (91.7%) gold weighing 4.25 grams. TheIslamic dirham coin is 2.975 grams of pure silver. Umar Ibn al-Khattab established the known standardrelationship between them based on their weights: "7 dinars must be equivalent (in weight) to 10dirhams."[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 theyhave to have a reality and specific measure for assessment of zakat, etc. upon which its judgementsmay be based rather than on the non-shari'i other coins.Know that there is consensus [ijma] since the beginning of Islam and the age of the Companions andthe Followers that the dirham of the shari'ah is that of which ten weigh seven mithqals weight of thedinar of gold... The weight of a mithqal of gold is seventy-two grains of barley, so that the dirhamwhich is seven-tenths of it is fifty and two-fifths grains. All these measurements are firmly established by consensus. —Ibn Khaldun, Al-Muqaddimah[edit]Modern historyAs a consequence of the currency crisis in Asia, in the first part of 1997, then Prime Minister of 

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