Kelantan State in Malaysia launches Gold Dinar and Silver Dirham

This is the first time in the last 100 years, since the fall of the Ottoman Caliphate, when a Muslim government of Kelantan State in Malaysia introduces Shariah Currency which was officially launched on August 12, 2010. Indeed there has been four generations of Muslims who have not seen Gold Dinar and Silver Dirham; four generations of Muslims who have been divided into little national reservations and sentenced to permanent robbery first by local, then by international Masters of Riba; four generations of Muslims who haven’t known what is their Deen. The introduction of Gold Dinar and Silver Dirham in the state of Kelantan is not a new idea or experiment, it is the return to the medium of exchange that has been known for 1400 years throughout Dar al-Islam as Money of Shariah taking its legislation from Allah’s Revelation and Rasul’s Sunnah.
Kelantan is a state of Malaysia. The capital and royal seat is Kota Bharu. The Arabic honorific of the state is Darul Naim, ("The Blissful Abode").
Kelantan is positioned in the north-east of Peninsular Malaysia. It is bordered by Narathiwat Province of Thailand to the north, Terengganu to the south-east, Perak to the west, and Pahang to the south. To the north-east of Kelantan is the South China Sea.
Kelantan is located in the north-eastern corner of the peninsula, Kelantan, which is said to translate as the "Land of Lightning" (see alternate theories below), is an agrarian state with lush paddy fields, rustic fishing villages and casuarina-lined beaches. Kelantan is home to some of the most ancient archaeological discoveries in Malaysia, including several prehistoric aboriginal settlements.
Kelantan has become the first state to introduce the gold dinar and silver dirham as official currency.
A part of the deeply conservative Malay heartlands, Kelantan has been ruled by the Islamic Party of Malaysia (PAS) since 1990, with re-elections in 1995, 1999 and 2004.
Almost all PAS members are Malay Muslims, as are about 95% of Kelantan's population.

The modern Islamic gold dinar
The modern Islamic gold dinar (sometimes referred as Islamic dinar or Gold dinar) is a bullion gold coin made from 4.25 grams of 22 carat (k) gold (.917) that is a recent revival of the historical gold dinar which was a leading coin of early Islam.It is separate from the currencies of various states that use the dinar as a denomination.]

Gold content and value
Denomination Weight Lon Fix
1 Dinar 0.125254 Oz $156.13
2 Dinars 0.250508 Oz $312.26
8 Dinars 1.002032 Oz $1,249.03
• Fabrication costs are not included
• London Fix As of 1 September 2010 @ $1,246.50

Dinar history
According to Islamic law, the Islamic dinar is a coin of pure gold weighing 4.25 grams. The Islamic dirham coin is 2.975 grams of pure silver. Umar Ibn al-Khattab established the known standard relationship between them based on their weights: "7 dinars must be equivalent (in weight) to 10 dirhams."
“ The Revelation undertook to mention them and attached many judgements to them, for example zakat, marriage, and hudud, etc., therefore within the Revelation they have to have a reality and specific measure for assessment of zakat, etc. upon which its judgements may 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 and the Followers that the dirham of the shari'ah is that of which ten weigh seven mithqals weight of the dinar of gold... 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. All these measurements are firmly established by consensus.â€‌
—Ibn Khaldun, Al-Muqaddimah

First Gold dinar in Indonesia
Indonesia mint the first Gold Dinar and Silver Dirham under Islamic Mint Nusantara and Logam Mulia, starting in year 2000 and IMN introducing the mobile payment system called Dinarfirst- mobile exchange system.

Gold dinar in Malaysia
There are many Gold Dinar circulated in Malaysia lately due to the recognition of the value of Gold Dinar. All of it is locally minted like;
1. Kijang Emas (Bank Negara Malaysia) - Minted by BNM and Circulated by Maybank
2. Dinar Emas Kelantan (Kelantan Corporation Berhad) - Minted by KCB and Circulated by Ar-Rahn and KCB
3. Dinar Emas Negeri Perak - Issued by the Perak State Government and minted by Mariwasa Kraftangan
On the 20 September 2006, Kelantan became the first state to launch gold dinar coins. It features the Kelantanese state crest, the date of production, as well as the weight and purity of the gold used on its face. The Dinar Emas Kelantan (DEK) is similar to the original dinar in weight and purity of gold used. The coins can be bought and sold at the Kelantan Corporation Berhad (Perbadanan Kelantan Berhad) and all eight Ar-Rahn Islamic pawnshops in the state.[1] See further Kelantanese dinar.

Common uses of the gold dinar include:
1. Buying merchandise from outlets.
2. Holding accounts, and making and receiving payments as with any other medium of exchange.
3. Saving them, because they are wealth in themselves.
4. Paying zakat and dower as established within Islamic Law.

World Islamic Mint
World Islamic Mint is the official world authority in the minting and setting standards for the Dinar and Dirham. Our aim is to develop the Shariah currency as a world currency. The Standards reflect the need to preserve this functionality.
http://www.islamicmint.com.my/

Related Website:
http://www.dinarkelantan.com.my/