“e-dinar is the name of an internet based electronic payment and exchange system that facilitates online transactions 100% backed by physical gold and silver. The physical gold and silver bullion is held securely in internationally renowned bullion repositories.”

How is the Islamic dinar used?

1. The Islamic Dinar can be used as saving.
2. It can be used to pay zakat and dowry as required by Islamic Law.
3. It can be used to buy and sell as it is a legitimate medium of exchange.

The e-dinar web site also offers the new Kelatan gold dinar and silver dirham coins.

By Ernie -

Perak today introduced its own gold dinar and silver dirham which are excellent for investment as well as suitable as gifts for important occasions such as marriage dowry, wedding anniversaries, birthdays, new births, and even during corporate events.

The new gold dinar produced by Perak State Economic Development Corporation’s associate company GoldNet International Sdn Bhd, is the purest form of the coins ever produced with a gold content of 99.99%.

Perak Chief Minister Datuk Seri Dr Zambry Abdul Kadir told guests during a launching ceremony of the coins at the State Secretariat Building today that the gold dinar and silver dirham had actually existed before the advent of Prophet Mohammad, when the coins were used by the ancient Romans and Persians.

He said the state of Perak has created history by producing the purest gold and silver form of dinar and dirham coins and reviving the original versions of these coins that were minted by Muslims 1357 years ago.

“Personally, I love the unique design of the dinar and dirham of the state of Perak,” said Dr Zambry and added that its design represents history and modernity.

One side of the coin replicates the original design of the first gold dinar minted by the Caliph Abdul Malek ibn Marwan while the other side depicts the crest of the state of Perak.

Dr Zambry said that modern technology has made it possible to mint almost pure 24K gold dinars, and said he hoped other producers of gold dinars in the country who are currently minting 916 versions of the coins would emulate Perak’s move in producing fine gold dinars.

Dr Zambry also stressed that the gold dinar and silver dirham are not meant to replace the ringgit or be used as currencies but are instead, a reliable investment as the value of money reduces over time due to inflation but on the other hand, gold price always goes up and over the last 10 years, has risen by over 400%.

Gold price also rises during times of economic distress and turmoil and it can be used as asset to diversify investments.

“I would like to encourage Muslims in the state and elsewhere to use the state of Perak’s dinar and dirham as mahar or marriage dowry in weddings,” Dr Zambry said and also called on the public to use the dinar and dirham of Perak as gifts for memorable occasions.

Meanwhile, GoldNet International Datuk Rais Hussin Mohamed Ariff said the price of gold has appreciated 18.5% annually in the past 10 years while the price of silver is rising 12.5% more than the appreciation of gold.

He said that one cannot go wrong when investing in gold and silver, but added that Perak has no intention at this point to push the dinar and dirham as mediums of exchange in the state.

Globalia Magazine launches in Kuala Lumpur

Globalia Magazine launches in Kuala Lumpur, Malaysia. Feb. 11, 2011

The event will be held in the auditorium of the Islamic Art Museum  Malaysia on 11 February 2011 at 10.00 am. For more information, please contact:
Globalia KL Office
Landline: +603-21435666
Moblie: +601-26063153

Here is just one of the questions:

Question: What have you found is the predominant reason your clients use e-dinar?

Dr. Zeno Dahinden: Large traders and wholesalers use e-dinars because of our low product prices, quick turnover rates and guaranteed delivery times even during crises when other large producers tend to focus on their industrial key accounts while neglecting bullion traders.

Wealthy individual because they fear that their own governments might, in a state of extended crisis, confiscate the gold and silver of their constituents. For them, e-dinar is attractive, because it is located in Dubai which is today’s centre of bullion trade for the Middle East and Asia with almost 30 per cent of all physical gold flowing though Dubai is very business friendly allowing 100 per cent foreign ownership provides excellent security and governance for the bullion trade (Dubai is also called the ‘City of Gold’ – the expropriation that occurred in the US during the depression would be unthinkable in Dubai) is ideally situated for our target groups both through its trade hub function as well as its time zone has no VAT or income tax for those products to remain within the country. All custom products and medallions that we deliver to other countries are naturally subject to all applicable custom and VAT charges.

More religiously motivated customers because our product is 100 per cent halal and is, in our view, the only acceptable alternative to banking from an Islamic point of view, be it ‘Western’ or ‘Islamic style banking’ (see also www.wim.com for halal product standards).

Read the full interview online at http://www.globaliamagazine.com/?id=1112

Accept gold and silver

A message from the Dinar People Team

The Dinar People Magazine – February 2011

The first of our Dinar People e-magazines is ready for download!

The e-magazine contains current affairs and developments in the growth of Islamic Gold Dinar, Silver Dirham, Halal currency, trade and economy.

• Find out what gets dug up in Germany

• What happened to the Euro?

• Discover how the Islamic Gold Dinar is changing Asia.

Dinar People is about promoting links and trade between like minded people. DP e-magazine is available to all members and will also be distributed to an even greater audience through associated groups.

DOWNLOAD MAGAZINE (pdf – 1.6 Mb)