Modern gold dinar
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The modern Islamic gold dinar (sometimes referred as Islamic dinar or Gold dinar) is a currency that aims to revive the historical gold dinar which was a leading coin of early Islam. They consist of minted gold coins, Dinar, and silver coins, Dirham.
Abdalqadir as-Sufi, founder of the Murabitun World Movement, is known to be a strong proponent of the idea for the gold dinar revival movement. Trinidadian scholar Imran Nazar Hosein has also been promoting the revival of Dinar usage, but has linked its use to Islamic eschatology.
According to Islamic law, the Islamic dinar is a coin of pure gold weighing 72 grains of average barley. Modern determinations of weight range from 4.44 grams to 4.5 grams of gold, with the silver Dirham being created to the weight ratio of 7:10, yielding coins from 3.11 to 3.15 grams of pure silver.
|“||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 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.
Value and denomination
Per the historical law slated above, one dinar is 4.44 grams of pure gold, while one dirham is 3.11 grams of pure silver. A smaller denomination, daniq, has 1/6th of dirham's weight. The value of each coin is according to their weight and the market value of the two metals. The coins may be minted at fraction or multiples of their weights and valued accordingly.
The currency was introduced in Indonesia in the year 2000 by Islamic Mint Nusantara (IMN). In 2011 IMN reveal the mithqal correction both weight and purity and follow by minting the Dinar 4.44 gram or 1/7 troy ounce (9999) and Dirham 3.11 gram or 1/10 troy ounce (9999). IMN-World Islamic Standard introducing 21 coins denomination of dinar and dirham (9999) for the time ever in the world, see Maklumat Pecahan Baru Dinar-Dirham 
In 2002, the prime minister of Malaysia proposed a gold dinar standard for use in the Islamic world.
Kelantan was the first state in the country to introduce the dinar in 2006, which was locally minted. In 2010, it issued new coins, including the dirham, minted in United Arab Emirates by World Islamic Mint. On 25 August 2013 Kelantanese government collected and distributed zakat from people in Kelantanese dinars and dirhams in a public ceremony officiated by Chief Minister Dato Nik Aziz Nik Mat.
The state of Perak followed suit, minting its own dinar and dirham, which was launched in 2011.
The IMF estimates that the bank has nearly 144 tons of gold in its vaults. In the months leading up to the UN resolution that allowed the US and its allies to send troops into Libya, Muammar al-Gaddafi was openly advocating the creation of a new currency that would rival the United States dollar and the Euro. Gaddafi called upon African and Muslim nations to join an alliance that would make this new currency, the gold dinar, their primary form of money and foreign exchange. They would sell oil and other resources to the US and the rest of the world only for gold dinars. Along with the uprising in Libya, international news channels on August/September 2011 brought several stories about Muammar Gaddafi's introduction of golden dinar within his "gold-for-oil plan"  to possibly trade Libya oil on international markets.
Most of the coins are issued privately and are not legal tender. In Malaysia, the state government of Kelantan allows their use in transactions while it is illegal according to federal law.
Common uses of the gold dinar include:
- Buying merchandise from outlets.
- Holding accounts, and making and receiving payments as with any other medium of exchange.
- Saving, as is done with any form of gold.
- Paying zakat and dower as established within Islamic Law.
- Ibn Khaldun, The Muqaddimah, ch. 3 pt. 34
- The Economist, March 16th 2005, Buttonwood, Starkers
- The Malaysian Insider, Kelantan launches gold dinar, August 12th 2010.
- Malaysia: Kelantan collects Zakat in Shariah money
- New Strait Times, Silver state launches dinar, dirham coins, March 1st 2011.
- The Economist, October 8th 2011, Libya’s revolution, reader comments
- Gaddafi gold-for-oil, dollar-doom plans behind Libya 'mission'?
- Motivation For Allies May Be Black Gold And Not Humanitarian Mission
- Ahamed Kameel Mydin Meera, The Islamic gold dinar, Pelanduk Publications, 2002, ISBN 978-967-978-825-9
- Umar Vadillo, Return of the Gold Dinar: Study of Money in Islamic Law, Bookwork, 1996, ISBN 978-1-874216-16-2
- The Gold Dinar and Silver Dirham - authored by Imran Nazar Hosein
- The Economist, October 16th 2003, Times are changing