Mint is situated in Dubai, United Arab Emirates. It has produced the
Islamic Dinar and Islamic Dirham. The revelation undertook because the
wealth in these coins can be calculated directly by weight for zakah,
marriage and hudud according to Islamic teaching and implementation.
Umar Ibn al-Khattab
(second caliph of the Muslim also known as Abu Hafs Umar ibn al-Khattab
al-Adawi, reigned from 634 to 644 CE) established the known relationship between them based
on their weights: "10 dirhams must be equivalent to 7 dinars (mithqals)". 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. In the year 75 AH (695
CE) Caliph Abul
Walid Abd al-Malik ibn Marwan (reigned from 685 to 705 CE) ordered Al-Hajjaj
to mint the first Dirhams and in 77 AH (696 CE), the first standard gold Dinar were
minted. In the next years these coins were minted in all the regions of
Islam. He ordered that the coins should be stamped with the sentence:
"la ilaha ill' Allah" (Allah is Unique, Allah is Eternal). He
also ordered to remove human figures and animals from the coins and to be
replaced with letters. Gold and silver coins remained official currency in
Islamic regions until the fall of the Caliphate in 1918. This indicates
that the Islamic Gold Dinar
was the currency of the Muslim community from its first years right up to
the fall of the Ottoman Empire (Osmanli dynasty).
Zakāt (or Zakah) is the third
of the five pillars of Islam. Zakāt refers to spending fixed portion of
one's wealth for the poor and needy in the society after reaching Nisab
(minimum amount liable to Zakāt). It is applicable to cash money, gold,
silver, commercial commodities, cattle and harvest after completing one
Lunar year (254 days). Nisab is calculated at the beginning and end of the
year. Any decrease or insufficiency in between is overlooked. Any increase
of property after reaching the Nisab during the year is to be included in
the total sum counted for Zakah. This is considered the easiest and most
applicable among the other juristic views, which has made the majority of
scholars adopt it.
According to a prophetic
hadith, "Gold is not liable to Zakah unless it reaches twenty dinars (20 X
4.25g = 85g). Once it reaches this amount, half a dinar must be paid
as Zakah on it." Likewise, silver is not counted for Zakah unless it reaches
two hundred dirhams (200 X 2.975 = 595 grams). Once it reaches this value,
an amount of five dirhams must be paid as Zakah on it.
Mahathir bin Mohamadwas
the Prime Minister of Malaysia from 1981 to 2003.He gave the idea to
the Muslim community to use Islamic Dirhams and Dinars, in trade and well as
in their daily life to overcome finance situations.
Datuk Seri Dr.
Mahathir bin Mohamad addressed the Sana Police Academy, Yemen on 17th June
2001 and said that "Nobody can oppress
Muslim as long as they work together to remain united and strong". During his
speech he also said "If you hold the dinar as reserves and trade is
done using the gold dinar, it's possible to stabilize the value of a
more Dato Seri Dr.
Mahathir bin Mohamad addressed on the
20th Al-Baraka Symposium for Islamic Economies. He said that Malaysia has
fixed the exchange rate against the US Dollar, RM3.8 equals one US Dollar.
Since 85 percent of our trade is paid in US Dollar this makes trading
easier. There can be no doubt that this fix exchange rate has contributed
much to the high growth of Malaysian world trade post turmoil.
Unfortunately since the currencies of our trading partners fluctuate
against the US Dollar, their earnings or losses cannot be correctly
Dr. Umar Ibrahim Vadillo,
Pioneer of the
Dinars reintroduction and director of E-Dinar Ltd,
is known as the designer of these coins. He is also the author of books,
written on Islamic finance and Economics.
Among his books are
"The Fatwa on Paper
Money", "The Return of the Gold Dinar" and "The Esoteric Deviation in
published by Medinah Press.
more reasons given for the continued insane rise in Wall Street has been
the flow of money out of the Asian countries into the U.S. markets in
search of a safe haven. The
Islamic Gold Dinar was officially launched on 07th Nov 2001 by Islamic
Mint. The gold coins are now available in all the seven emirates of United
Arab Emirates through branches of Thomas Cook Rostamani Exchange Company
and Dubai Islamic Bank, who have jointed forces with Islamic Mint for the
State Government of Kelantan, the northeast Sultanate of Malaysia has
officially adopted the Islamic Dinar as its economic policy. This means
that Islamic Dinar will circulate through the hands of hundreds of
thousands of people in a physical form. It seems possible that as word of
this movement travels among Muslims, demands to open accounts and begin
using this measure of exchange could grow very rapidly in the Muslim
Arabic Description on the these Coins:
Inner Circle: known as kalima-e-tayyabah,
which is the first pillar of Islam. It says: "There is no god but Allah and
Muhammad is the messenger of Allah".
Outer Circle, Anti-clockwise from the five petal
flower: Wa Inna Hadhihi Ummatukum Ummatan
Wahidatan Wa Ana Rabbukum Fa-Attaqun [And verily this Brotherhood of yours
is a single Brotherhood, and I am your Lord and Cherisher: therefore fear Me
(and no other)]. This verse is taken from Qur'an Chapter# 23 [Al-Mumenoon
(The Believers)], Verse# 52.
Measures: Islamic Dinar 22K gold (.917) equivalent to 4.25 grams
Islamic Dirham 0.925 pure silver equivalent to 2.975 grams 25mm diameter.
Besides 1 Dirham in silver and 1 Dinar gold coins, 5
Dirhams in silver and 2 Dinars in Gold also exists. The silver coins show
All the muslims face the Kaaba during their five time prayers in a day,
which is the second pillar of Islam. A mosque is already existing around the Kaaba known as Masjid al-Haram in Makkah, Saudi Arabia. The gold
coins shows the tomb of Muhammad. It is attached to the Masjid-an-Nabawi
[Mosque of the Prophet] in Medina, Saudi Arabia.
Allah says in
And amongst the People of the Book there are those who, if you were to
entrust them with a treasure (qintar), he would return it to you. And
amongst them is he who, if you were to entrust him with a dinar would not
return it to you, unless you kept standing over him. That is because, they
say, "there is no call on us (to keep faith) with these ignorant (Pagans /
Gentiles)." but they tell a lie against Allah, and (well) they know it.
This verse is taken from Qur'an [Chapter#3 Aal-e-Imran (The House (Family) of Imran)], Verse# 75.
Qadi Abu Bakr Ibn al-Arabi, the greatest authority on Qur'anic Law wrote in
his famous "Ahkam al-Qur'an" about this ayat: "The benefit that can be taken
from this is the prohibition of entrusting the People of the Book with
Qadi Abu Bakr said: "The question concerning entrusting property is
legislated by the text of Qur'an." This means that the ayat is a legal
judgement of absolute validity and of the greatest importance to the
religion. Entrusting wealth to non-Muslims is not allowed, but furthermore,
taking a non-Muslim as a partner outside Dar al-Islam (where we stand over
them) is extremely restricted, because they might cheat or might use our
wealth in forbidden transactions. Since paper-money is a promise of payment,
can it be permitted to trust the issuers while they hold the payment (our
property) outside our jurisdiction? History has also demonstrated repeatedly
that paper money has been a permanent instrument of default and cheating the
Muslims. In addition, Islamic Law does not permit the use of a promise of
payment as a medium of exchange.
The Islamic Dinar is
now being privately used in more than 22 countries and is currently being
minted in four countries. Eventually, the list of countries where it is
traded is likely to grow to a much larger number given the larger number of
Islamic Countries who are members in the Islamic Development Bank, which
includes some 51 countries with a total Muslim population of 1.1 billion
(19.2% of the world's population). During 1982, the Islamic Development Bank
was prescribed my the IMF as a holder of Special Drawing Rights (SDR's).
SDR's are a unit of IMF currency tied to gold. The Islamic Dinar, which is
made of gold is a unit of account at the Islamic Development Bank, equal in
value to one SDR.
I purchase my 1 Dirham
2.97g .925Ag and 2 Dinars 8.5g .917Au coins from Faizal Osman, when I visited Dubai (UAE)
near Karachi Darbar Restaurant, Bur Dubai in Jan 2004. I got a chance to
purchase the remaining two coins (5 Dirhams 14.85g .925Ag and 1 Dinar 4.25g
.917Au) from Peroza Ahmed in May 2005. She was at that time working at Thomas Cook Rostamani
Exchange at Shiekh Zayed Road in Dubai, UAE.
Similarly by the involvement of International Gold Dinar Indonesian,
they have produced one Dirham coin in silver, while 1/2, 1, 2, 8 and 20
Dinar coins in gold, which can be viewed at:
with slightly different variant of designs.
In the beginning of 2008 Islamic Mint have introduced
two more coins: 10 Dirhams in .999 Silver having 30g and 8 Dinar 22K gold
having 34g. This time they are operating directly to sell these coins. Their
main office is at Abu Dhabi and regional branch and private mint located in
Dubai. Their functional website is at:
http://www.e-dinar.com/ with images and current prices can be seen at:
I got my 10 Dirhams in .999 Silver having 30g from the
principal contact person of Islamic Mint: Mr. Thani Alromaithi.[email: