The Islamic monetary standard : the dinar and dirham
Author
Source
International Journal of Islamic Economics and Finance Studies
Issue
Vol. 6, Issue 1 (31 Mar. 2020), pp.1-29, 29 p.
Publisher
Centre of Political Economical and Social Research
Publication Date
2020-03-31
Country of Publication
Turkey
No. of Pages
29
Main Subjects
Financial and Accounting Sciences
Islamic Studies
Abstract EN
The Shari’ah not only considers the Islamic monetary standard as a medium of exchange, unit of account, store of value and a standard of deferred payment, but the Islamic functions of money also determine Shari’ah legal injunctions concerning zakat (poor tax), jizya (poll tax), kharaj (tax on conquered territory), diyyat (blood-money), sariqa (theft), mahar (dowry) and sarf (exchange).
This study seeks to clarify the weight of the dinar and dirham, since they impart justice as part of Shari’ah law.
Through library research and content analysis of literature from the hadith, scholars, mint-masters and writers, different regions had different weights and coin standards, which might imply differing opinions as to what constitutes a legal dinar and dirham.
However, narrations have clarified the relationships between the Byzantine dinar and the mithqal of Persia, Makkah, Syria, Egypt and Iraq.
Combined with additional numismatic and metrological analysis of surviving coins and glass weights, we discover that each mithqal, dirham, daniq, qirat, habbah and khardal are defined differently, but reflect the same standard of the Prophet (s.a.w.s.) that was later externalized with the minting of the first Islamic dinars and dirhams by Caliph cAbd al-Malik ibn Marwan, involving modern equivalents weights of 4.25g and 2.975g.
American Psychological Association (APA)
Abd Allah, Adam. 2020. The Islamic monetary standard : the dinar and dirham. International Journal of Islamic Economics and Finance Studies،Vol. 6, no. 1, pp.1-29.
https://search.emarefa.net/detail/BIM-975648
Modern Language Association (MLA)
Abd Allah, Adam. The Islamic monetary standard : the dinar and dirham. International Journal of Islamic Economics and Finance Studies Vol. 6, no. 1 (Mar. 2020), pp.1-29.
https://search.emarefa.net/detail/BIM-975648
American Medical Association (AMA)
Abd Allah, Adam. The Islamic monetary standard : the dinar and dirham. International Journal of Islamic Economics and Finance Studies. 2020. Vol. 6, no. 1, pp.1-29.
https://search.emarefa.net/detail/BIM-975648
Data Type
Journal Articles
Language
English
Notes
Includes margin notes.
Record ID
BIM-975648