{"id":1359,"date":"2011-03-08T11:47:09","date_gmt":"2011-03-08T11:47:09","guid":{"rendered":"http:\/\/localhost\/wp3\/?p=1359"},"modified":"2011-03-08T11:47:09","modified_gmt":"2011-03-08T11:47:09","slug":"indonesians-go-back-to-dirham-dinar","status":"publish","type":"post","link":"https:\/\/sunnionline.us\/english\/2011\/03\/08\/1359\/","title":{"rendered":"Indonesians Go Back to Dirham, Dinar"},"content":{"rendered":"<div style=\"text-align: justify;\"><img loading=\"lazy\" decoding=\"async\" style=\"margin-left: 5px; float: right;\" alt=\"dinar-dirham\" src=\"images\/stories\/news\/dinar-dirham.jpg\" width=\"262\" height=\"193\" \/> Seeing it as a source of security amid global economic instability, Indonesians are returning back to traditional Islamic currently in their daily transactions.<br \/> \u201cI\u2019ve chosen dinar because of it is safe and stable,\u201d Hardjito Warno told OnIslam.net on Saturday, February 26.<\/div>\n<p>  <!--more-->  <\/p>\n<div style=\"text-align: justify;\">The Indonesian man has been collecting gold dinars as a long-term investment since 2006.<br \/>He is now holding more than 50 coins on his deposit box, which he sometimes uses for certain purposes, such as paying education fees and health insurance.<br \/> \u201cDinar is very liquid so I can use it for multiple purposes,\u201d Warno said.<br \/>Dinar and silver dirham are available in shops in the world\u2019s most populous Muslim country.<br \/>For collecting the Islamic coins, Warnoh regularly buys dinars from an agent in Jakarta.<br \/> \u201cSometimes I use dinar for transaction as Rosul-Allah teaches us,\u201d Warno said.<br \/>There are at least 46 coin shops in the capital Jakarta and its surrounding cities, making it accessible for consumers to buy.<br \/> \u201cIn certain communities and areas the transaction using dinar and dirham have been applied,\u201d he added.<br \/>The dinar measures 4.25 grams of gold, while the dirham is 3.0 grams of pure silver.<br \/>A golden coin is equivalent to about 582 ringgit (183 dollars) while the silver coin is worth around 13 ringgit but their values fluctuate according to market prices.<\/p>\n<p><strong>Shield<\/strong><\/p>\n<p>Some Indonesians see dinars and dirhams as the best way of protection against economic fluctuations.<br \/> \u201cI would say those who put billions rupiah of idle money in conventional banks are the losers and oppressors,\u201d Endy Kurniawan, the author of a book titled \u201cThink Dinar\u201d, told OnIslam.net.<br \/>For some business people, putting cash in financial institutions is not the best way to invest money due to inflation and tax obligation.<br \/> \u201cIf we\u2019re putting money in conventional bank then how much it could boost economic growth,\u201d he asked.<br \/>The interest rates for depositing money in banks is six percent a year in average, while the inflation rate in Indonesia is one or two percent higher, according to the Indonesian Statistic Body.<br \/>Gold, which is typically most stable and liquid commodity, has traditionally been favorite jewelry for Indonesian housewives and become the best reliance for Muslims at needy situation, to sell or pawn.<br \/> \u201cPeople have their own logic and consideration to decide, which one is better to protect their assets: holding gold or saving money,\u201d Kurniawan added.<br \/>According to him, there is no specific data of how much dinar circulation in Indonesia.<br \/>Indonesia is the world\u2019s 37st biggest gold reserves country, which is spread in a number of its big islands, such as, Sulawesi, Papua, Sumatra and Borneo; and about 18,500 tons have been produced to be fine gold and jewelry, according to data state own company PT Aneka Tambang.<br \/>Some Indonesians see the point of using dinars as part of efforts to uphold Shari`ah (Islamic law).<br \/> \u201cIt\u2019s even more than investment. It is for upholding Islamic law,\u201d Kurniawan said.<br \/> \u201cIt\u2019s the weakness of using paper currency; using gold dinar would be fairer,\u201d he added.<br \/>Fauzan Al-Anshari, director of the Islamic Study Institute, agrees.<br \/> \u201cThis is part of upholding Islamic law,\u201d he said.<br \/>He hopes that the mushrooming dinar usage in Indonesia will inspire other countries to consider the establishment of using-dinar caucus countries, as a stepping stone of global economic reform.<br \/> \u201cI suggest, Indonesia and any other Muslim countries, such as Pakistan, Malaysia, Brunei and Middle East countries to implement the usage of dinar as currency,\u201d he said.<br \/>\u201cIf we want to be involved in creating economic prosperity then we must start from ourselves.\u201d<\/p>\n<p><em>Source: OnIslam<\/em><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Seeing it as a source of security amid global economic instability, Indonesians are returning back to traditional Islamic currently in their daily transactions. \u201cI\u2019ve chosen dinar because of it is safe and stable,\u201d Hardjito Warno told OnIslam.net on Saturday, February 26.<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[32],"tags":[],"class_list":["post-1359","post","type-post","status-publish","format-standard","hentry","category-c59-islamic-world"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - 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