0 Changing Dollars To The Dinar

Trade is the basis of the economy in Arabia before Islam came. Prerequisites for the transaction is a payment tool that can be trusted. Arabia and neighboring areas are directly under the control of Persia and Rome. The unit used the money that countries are dirhams and dinars. In a business transaction in Arabia two kinds of money are also accepted. With the growing political strength of those two countries, the payment means more reliable in the region under the influence of power. Because of that factor, the Persians and the Romans being the only trading partner Arabs (Sadr, 1989).

Dirham and the dinar coin has a fixed weight and a content of silver or gold that remained. However, during the Umayyad dynasty Abbassiyah and weight change, as well as in Persia itself. In the post-Islamic, the silver content of coins coin which differs from one region to another, but in the early period of Islam is fixed. At this time the amount of gold and silver zakat as mentioned in the Scriptures is based on the weight of dirhams and dinars coins stipulated at the time of the early Islamic period (Kattani, 1975:413). Value of one dinar equal to ten dirhams (Sadr, 1989). But at the Fathimiyah Dynasty during al-Hakim ibn Amrillah dinar price equal to 34 dirhams for dirhams many mixed-dirham (Al Maqrizy, 1988:70-80). During the Ottoman coordination, Utsmaniah formal financial system since 1534 is based on the goods of gold and silver mines in the ratio 1:15 (Imarah, 1993:101). Dinar and dirham addition, there is also money to meet the needs of selling goods slightly less expensive than the price of a dirham or a part of dirhams, because it had always been until now the people need a medium of exchange other than gold and silver. To meet the needs of this bargain purchase, they scored some of the copper in the process of small pieces called filthy lucre (money copper) (Al Maqrizy, 1988:90). Value filthy lucre than dirhams in the early Islamic period is 1: 48 (Al-Hallaq, 1986:17). Value is not fixed copper cash increase of dirhams in the year 756 AH in the ratio 1: 24 (Al-Sayuthi, 1975:104).

Dinar and the dirham is the currency stable world from early Islam to the present. Inflation after the year 1400 is zero. The price of chicken at the time of the Prophet s.a.w. is 1 dirham and now (2006) is still around 1 dirham (Vadillo, 1998). Dinar is the ideal currency to facilitate and improve international trade and minimizing speculation in paper money that could trigger the Asian currency crisis of 1997. The existence of a union funds between countries in the Muslim world will increase the quantity of trade between Muslim countries and help increase economic development if the conditions of supply of money managed tesebut dinars (Beshir, 2003). The idea of the gold dinar currency hagemoni help minimize currency U.S. dollars and once again use the dinar as an international currency because the value of paper currencies continue to fluctuate not as stable gold currency which has lasting value, its value is the value of the metal itself. The system is built on the idea that the Islamic government is keeping gold on the Central Bank and use it within the framework of commercial transactions rather than depend on foreign financial markets and foreign financial companies (Hanafi, 2003). Opportunity to use the dinar currency was big enough, because the population of members of the Islamic Development Bank (IDB) to reach 1.1 billion or 19.2% of the population of the world. So it's time we menghganti dollars to dinars.