At the time of the Islamic Caliph Mu'awiyah ibn Abu Sufyan (41-60 years of Hijri), then Muslims have their own dinar and dirham printing. However, when it still uses the dinar Byzantine print. Complete financial reform was only carried out during the caliphate of Abdul Malik bin Marwan (75-76 Hijriyah).
At that time, foreign currencies other than dinars and Islamic print dirhams are no longer allowed to circulate. Since then, the dinar and dirhams of this Islamic mold continue to be used until the end of the Ottoman Ottoman empire in 1924.
The printing of dinar and dirham coins at the time of Khalifah Abdul Malik under the responsibility of al-Hajjaj. This is actually the printing of the first dirham of Muslims according to the official standards. In the coin there are no more human or animal images.
Al-Hajjaj replaced it with the inscription "Allahu ahad, Allahush shamad /". As the times progressed, there were also dinars and dirhams printed with the phrase "La ilaha illallah Muhammadurrosulullah". There is also the name of the leader of the Muslims at that time and the year he printed.
Currently, there are still some countries in the Middle East that still retain the term dinar while living in paper money.
Dinar was first printed in Indonesia in 2000 by Islamic Mint Nusantara (IMN). IMN also released the results of historical research, jurisprudence, and mitsqal scales followed by Fatwa on Weight and Content for Dinar and Dirham. This important result states that dinars and dirhams are pure, one mistqal, ie 4.44 grams (1/7 troy ounce) and 1 dirham, ie 3.11 grams (1/10 troy ounce).
Currently, the dinar is still used by Muslims as a savings and investment. There are also who make it as a dowry and wedding gift. In fact, there are also who make it as an arisan. The reason, the value of gold will continue to be maintained from inflation, unlike paper money.
This is nice share my friend.
Dinnar and Dirhamis real money, because the value backup by Gold and Silver. So the value will be same any time.
Not like paper money, we dont know what kind "thing" backup it. It make inflation paper money value over an over time.
thank you for reading my post
and i am happy you can take conclusion
This post sheds light on a fascinating topic! The historical and cultural importance of the dinar and dirham currencies highlights how monetary systems reflect values beyond their economic worth. As someone interested in these currencies, I’ve looked into ways to acquire them, especially the Iraqi dinar, online, including exploring how to buy Iraqi dinar. In Australia, buying dinars is relatively straightforward, with several platforms offering international currency exchange. It’s generally a good idea to check that these platforms are reputable and transparent about exchange rates, fees, and delivery options to ensure a secure purchase.
Also, it’s essential to stay informed about any potential risks and market fluctuations associated with foreign currencies. While the dinar holds unique appeal, investing in foreign currency can be unpredictable, so understanding the broader economic and geopolitical context is key. Thanks for diving into this topic—it was really insightful!