DefinePK

Research Objective

To explore the historical significance of currency during the time of the Holy Prophet Muhammad and throughout Islamic empires, focusing on the use of Dinar and Dirham as a standard unit of exchange.

Methodology

Historical analysis of currency systems, relying on textual evidence from the Quran and Islamic jurisprudence, and historical records of trade and governance during the era of Prophethood and Islamic governments.

Methodology Flowchart

                        graph TD; A["Historical Textual Analysis"] --> B["Examination of Quran and Islamic Jurisprudence"]; B --> C["Review of Historical Records of Trade and Governance"]; C --> D["Analysis of Dinar and Dirham Usage"]; D --> E["Formulation of Conclusions on Currency Significance"]; E --> F["Report Findings"];                    

Discussion

The article discusses the consistent legal standardization of Dinar and Dirham despite physical variations in coins across different regions and dynasties. It highlights the Quranic and prophetic incorporation of these coins into Islamic law, solidifying their importance in economic practices and legal frameworks.

Key Findings

Initially, trade in the Arabian Peninsula relied on the weight of Dinar and Dirham. This practice was officially standardized by Caliph Umar bin al-Khattab. The Dinar and Dirham remained the currency standard throughout the Islamic world until the end of the Ottoman Caliphate, despite regional variations in coin weight. These coins were integral to Islamic economic frameworks, financial transactions, and legal resolutions.

Conclusion

The Dinar and Dirham played a crucial and enduring role in Islamic economies, shaping economic practices and legal frameworks from the time of the Holy Prophet Muhammad to the Islamic empires.

Fact Check

- The article states that the Dinar and Dirham remained the currency standard until the end of the Ottoman Caliphate.
- It mentions that Caliph Umar bin al-Khattab established the Dinar and Dirham as an official standard.
- The article notes the Quran's mention of Dinar and Dirham in matters of eternal reward.

Mind Map