Sunnah Treasury?

Muslim Feature Asset.

Provide an in-depth historical overview of the Dinar in Islamic civilization, highlighting its use during the time of the Prophet Muhammad and the early Islamic Caliphates.

Gold Dinar

Introduce the Muslim Dinar as a concept deeply rooted in Islamic history and finance. Explain its significance in the context of Islamic economy and its alignment with Sharia principles.

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Gold Asset

Physical Gold the option of purchasing physical gold in the form of coins, bars, or jewelry. Explain the importance of buying from reputable dealers to ensure authenticity.

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Islamic Dinar is Secure

Abū Bakr ibn Abi Maryam reported that he heard the Messenger of Allah say:
"A time is certainly coming over mankind in which there will be nothing(left)that will be of use (or benefit) save a Dinār (a gold coin) and a Dirham (a silver coin).”

[Musnad Ahmad]

 

“Beautified for mankind is love of the joys(that come) from women and offspring; and stored-up heaps of gold and silver (heaps of Dinārs and Dirhams), and horses branded and cattle and land. That is comfort of the life of the world. Allah! With Him is a more excellent abode.”

[Qur’ān,Āle‘Imrān,3:14]

What is the value of Islamic Dinar and Dirham?

As per Islamic law, both Dinar and Dirham have some specific weights which were established by Umar bin Khattab رضي الله عنه. 

  • 1 Islamic Dinar = 4.25 grams off 22k gold
  • 1 Islamic Dirham = 2.975 grams of silver 
Value of Islamic Dinar today

If we take into account the price of gold today which $63.2, one Islamic dinar would be equivalent to $268

Value of Islamic Dirham today

Similarly, if we take into account the price of silver today which around $0.75, the value of one Islamic Dirham would be $2.25

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