Assessment of the performance of the gold dinar in the Islamic world essay
Abstract. Objective The objective of this article is to examine the ability of the Islamic gold dinar to hedge against two established currency risk factors, namely dollar risk. In the case of Islamic economics, the call is to return to the Islamic gold dinar, which was the monetary standard of Sharia throughout Islamic history until the fall of the Ottoman Caliphate. The gold dinar is generally believed to be like this. Gold coin of 25 grams, based on the Roman solidus that circulated during the time of the Prophet PBUH. The role of gold in Islamic finance has become so important that the World Gold Council launched the Shariah Standard on Gold, and the Singapore Exchange launched SGX.