December 24, 2010

Should Dinar Coins Represent?

Of the many sources that I'm trying to dig, the only strong arguments that regulates the Dinar is a set of weight - that is if the same interchangeable type (gold with gold) should be the same weight.

It is the Hadith of Muslim history, Abu Daud, Tirmidhi, Nasa'i, and Ibn Majah, with textMuslims from 'Ubadah bin Saamit, the Prophet of Allah said: "(Sell) gold with gold,silver by silver, wheat by wheat, poem with poetry, dates with dates, and salt with a salt(as the terms must be) equal in number and kind and in cash. If the type is different, sellall you want if made in cash. "
 
From the previous article we know that the new Islamic world to print and use its own Dinar around years 75 H-76 H. You can imagine how difficult it was to print dinars well, see the Islamic Dinar early-start printing like the picture above. When viewed in shape, not to say the standard is not it?.
 
Furthermore, during the Prophet Muhammad lived, Islamic Dinar has not scored her own. Approximately Dinar used Roman period can be seen in the figure below, this is the Dinar which most likely also used in trade in the Islamic world at that time. So once again, the form or the writings of the dinar it seems it is not specifically stipulated in Islam.
 
By setting the special dinar in weight and does not regulate rust or form, actually contain a lot of convenience and flexibility for Muslims until the end of time to be able to continue using the Islamic gold dinar as a fair balance in muamalah the most practical manner in accordance with his time.
 
Imagine if such are required to be in the form of coins, then how we can make the purchase of goods worth 0.8501 Dinar for example?. Also if we fund the purchase of A 380 Jumbo jets worth 2.5 million dinars?. The first problem in the printing of dinars into small fragments, which lack both impractical scored 10.6 tons of gold into coins Dinar.
  
In contrast with the focus just set the weight of that 1 is 1 mithqal gold dinar which is equivalent to 4.25 grams of gold, then the use of the Dinar can be very flexible in modern times though. The first transaction in the example above 0.8501 dinars and the second transaction of 2.5 million dinars both can be managed efficiently with the technology of e-dinar, m-dinar, e-gold, GoldMoney and others.
 
In every system transaction-based gold dinar or technology mentioned above, the stock Dinar not necessarily in the form of coins are printed Dinar - but gold bullion stocks that have the same weight. Although physical demand remains possible coin.
 
Dr. Wahbah Al-Zuhayli in his book that many economists to be a reference Sharia Al-Fiqh Al-Islami Wa Adillatuh, describes the necessity of heavy equality and freedom of this printed form as follows:
 
"If the money exchanged for the same kinds of money (eg gold with gold), then both should have equal weight, even if both have different qualities (levels) and quality prints. This follows the above hadith 'Gold with gold in the same amount ...'. So the amount of gold (measured by weight) is the only consideration ... ". (Vol I. Chapter 8 p. 282)
 
The interpretation of the above will facilitate the application of the dinar in our daily life to come. Although we will always try to score as many Dinar coins with our partners Precious Metals, if people's needs exceed the ability of Precious Metals print it - then the dinar accounts backed-up 100% by gold bullion as the example mentioned above also can be a solution.
 
What if the account owner wants his physical Dinar?; Course manager must give a physical account - if only because of physical coins can not be printed because of the limited ability of printing coins (in Indonesia only Precious Metals), then based on the interpretation of hadith by Dr. Wahbah Zuhayli can also be given the gold dinar as heavy as those who want to take his physical.
 
How to measure?, If you can not obtain the same level of fit (22 carat) levels can be exceeded (24 carat - gold bullion because usually 24 carat) so no harm is entitled to receive. Recipients should not be given less weight of gold which, although more levels. Wa Allahu A'lam.