The case for the Islamic Gold Dinar

الملخص EN

This article is written in response to the article by Murat Cizakca (2011), “The Islamic Gold Dinar – Myths and Reality”, which appeared in the ISRA International Journal of Islamic Finance, Volume 3(1), 2011, pp.

49-63.

Cizakca basically provided a case against the gold dinar.

However, it was obvious that the paper misunderstood what the denarists’ actual ideas and propositions are; thus, its refutations are mostly off target.

This article explains the actual proposition of the denarists while simultaneously providing a review of Cizakca (2011).