Understanding Islamic Dinar and Dirham
Because the number of visitors who think that Iraq Dinar and others is the same as the Islamic Dinar. So I need to make a very clear explanation that Iraq Dinar and the like is not the same and not the Islamic Dinar. Iraq dinar banknote is an usual paper money, while the Islamic Dinar is a gold money which contains gold with 22 carat degree and have 4,25 gram weight.
Furthermore, to know that Islamic Dinar closer, I borrow ideas from the book written by Muhaimin Iqbal “Mengembalikan Kemakmuran Islam Dengan Dinar dan Dirham” (Returning the Islamic prosperity with Dinar and Dirham) which explaining details about the Islamic Dinar.
Money in various forms as a means of a trade exchange have been known thousands of years ago, such as in the history of ancient Egypt around 4000 BC – 2000 BC. In a more standard form of gold and silver money was introduced by Julius Caesar of the Roman year of 46 BC. He was also introducing a conversion standard from a silver money to a gold money on the comparison with the 12 : 1. This standard applies in the parts of the world of European for about 1250 years until the year 1204.
In other parts of the World of Islam, the gold and silver are known as the Dinar and Dirham is also used early since the Islam period for both religious and human relationship activities such as zakat and diyat until the end of the leadership of The Usmaniah in Turkey, 1924.
The standards of the Dinar and Dirham money use The Hadits Rasulullah SAW, "the scales is a weighing scale of Makkah Citizen, and the measure is a measure of Medina Citizen" (Hadits narrated by Abu Daud)
At the time of Caliph Umar bin Khattab around 642 BC along with the first printing of the first Dirham money in the caliph, the scale conversion between the weight of gold and silver money is standardized. The weight scale of 7 Dinar is the same with 10 Dirham.
From the Dinars stored in the museum after being pondered with an accurate scale, known that the weight scale of money of 1 Dinar Islam published in the Caliph Abdul Malik bin Marwan is 4,25 grams. This weight is the same as the weight of the Byzantium currency called as Solidos and the Greek money called as the Drachma. From this basis of formula, we can also count that 1 Dirham means 7 / 10 x 4.25 grams with or the same with 2.975 grams.
Until the middle of 13th century, both in the Islamic and non-Islamic country, history shows that the gold currency that is relatively standard widely used. This is not surprising because since the beginning of its development, many Muslims also travel and trade to far countries. Diversity in the European currency started when the Republic of Florence in Italy in 1252, printed their money them-self called the gold Florin, followed by the Republic of Venice with the money called Ducat.
Dinar and Dirham is already there since before the birth of Islam, because the Dinar (Dinarium) had been used previously in Roman. And Dirham was used in Persian.
In Indonesia at this time, Dinar and Dirham only produced by The Logam Mulia – PT. Aneka Tambang Tbk. The logam Mulia at this time that has the control of materials and technology capability able to produce Dinar and Dirham with the content and weight in accordance to the Standard of Islamic Dinar and Dirham.
This weight and measure Standard not only nationally certified by the National Accreditation Committee (KAN), but also internationally approved by the London Bullion Market Association (LBMA).
All Dinar and Dirham introduced & marketed by Gerai Dinar is directly produceed by The Logam Mulia – PT. Aneka Tambang, Tbk
Source : Gerai Dinar
Other articles you need to read;
- Does the Euro exchange rate down drastically affect on the fall in gold prices?
- The Easiest Way to Understand and Manage The Investment Risk
- Which one is your investment choice, investment in shares or gold for the best?
- Where are the trends in gold prices towards the end of 2011?
- The World gold price booming proves the weakness of the global financial system
