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Modern Gold Dinar
The modern Islamic gold dinar (sometimes referred as Islamic dinar or Gold dinar) is a projected bullion gold coin, so far not issued as official currency by any national state. It aims to revive the historical gold dinar, which was a leading coin of early Islam. The currency might consist of minted gold coins (dinars) or of silver coins (dirhams). Dinar history According to Islamic law, the Islamic dinar is a coin of pure gold weighing 72 grains of average barley. Modern determinations of weight for the "full solidus" weigh 4.44 grams at the time of Heraclius and a "light solidus" equivalent to the weight of the mithqal weighing 4.25 grams, with the silver Dirham being created to the weight ratio of 7:10, yielded coins of 2.975 grams of pure silver. Umar Ibn al-Khattab established the known standard relationship between them based on their weights: 7 dinars must be equivalent (in weight) to 10 dirhams. Value and denomination Per the historical law stated above, one din ...
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Bullion
Bullion is non-ferrous metal that has been refined to a high standard of elemental purity. The term is ordinarily applied to bulk metal used in the production of coins and especially to precious metals such as gold and silver. It comes from the Anglo-Norman term for a melting-house where metal was refined, and earlier from French , "boiling". Although precious metal bullion is no longer used to make coins for general circulation, it continues to be held as an investment with a reputation for stability in periods of economic uncertainty. To assess the purity of gold bullion, the centuries-old technique of fire assay is still employed, together with modern spectroscopic instrumentation, to accurately determine its quality. As investment The specifications of bullion are often regulated by market bodies or legislation. In the European Union, the minimum purity for gold to be referred to as "bullion", which is treated as investment gold with regard to taxation, is 99.5% for ...
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Muqaddimah
The ''Muqaddimah'' ( "Introduction"), also known as the ''Muqaddimah of Ibn Khaldun'' () or ''Ibn Khaldun's Introduction (writing), Prolegomena'' (), is a book written by the historian Ibn Khaldun in 1377 which presents a view of Universal history (genre), universal history. Some modern thinkers view it as the first work dealing with the social sciences of sociology, demography, and cultural history.Mohamad Abdalla (Summer 2007. "Ibn Khaldun on the Fate of Islamic Science after the 11th Century", ''Islam & Science'' 5 (1), p. 61-70. The ''Muqaddimah'' also deals with Islamic theology, historiography, the philosophy of history, economics,I. M. Oweiss (1988), "Ibn Khaldun, the Father of Economics", ''Arab Civilization: Challenges and Responses'', New York University Press, .Jean David C. Boulakia (1971), "Ibn Khaldun: A Fourteenth-Century Economist", ''The Journal of Political Economy'' 79 (5): 1105–1118. Political philosophy, political theory, and ecology. It has also been descri ...
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Dollarized
Currency substitution is the use of a foreign currency in parallel to or instead of a domestic currency. Currency substitution can be full or partial. Full currency substitution can occur after a major economic crisis, such as in Ecuador, El Salvador, and Zimbabwe. Some small economies, for whom it is impractical to maintain an independent currency, use the currencies of their larger neighbours; for example, Liechtenstein uses the Swiss franc. Partial currency substitution occurs when residents of a country choose to hold a significant share of their financial assets denominated in a foreign currency. It can also occur as a gradual conversion to full currency substitution; for example, Argentina and Peru were both in the process of converting to the U.S. dollar during the 1990s. Name "Dollarization", when referring to currency substitution, does not necessarily involve use of the United States dollar. The major currencies used as substitutes are the US dollar and the euro. Or ...
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Uthman
Uthman ibn Affan (17 June 656) was the third caliph of the Rashidun Caliphate, ruling from 644 until his assassination in 656. Uthman, a second cousin, son-in-law, and notable companion of the Islamic Prophet Muhammad, played a major role in early Islamic history. During his reign as caliph, he was known for ordering the official compilation of the standardized version of the Quran, known as Uthman's Quran, that is still being used today. Before his predecessor, Caliph Umar (), died in office, he appointed a committee of trustees to elect a successor. Uthman, who was then aged 68–71 years, was elected to succeed him and became the oldest person to hold such a high position. During his premiership, the Caliphate expanded further into Persia in 650 and reached as far as the provinces of Khorasan in 651. Uthman instituted centralized reforms in order to create a more cohesive administrative structure and fostered rapid economic growth. However, the last years of his re ...
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Rashidun Caliphate
The Rashidun Caliphate () is a title given for the reigns of first caliphs (lit. "successors") — Abu Bakr, Umar, Uthman, and Ali collectively — believed to Political aspects of Islam, represent the perfect Islam and governance who led the Muslim community and polity from the death of the Islamic prophet Muhammad (in 632 AD), to the establishment of the Umayyad Caliphate (in 661 AD). The reign of these four caliphs is considered in Sunni Islam to have been "rightly-guided", meaning that it sunnah, constitutes a model to be followed and emulated from a religious point of view. This term is not used by Shia Muslims, who reject the rule of the first three caliphs as illegitimate. Following Muhammad's death in June 632, Muslim leaders debated who Succession to Muhammad, should succeed him. Unlike later caliphs, Rashidun were often chosen by some form of a small group of high-ranking companions of the Prophet in () or appointed by their predecessor. Muhammad's close companion A ...
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Abu Bakr Al-Baghdadi
Ibrahim Awwad Ibrahim Ali al-Badri (28 July 1971 – 27 October 2019), commonly known by his ''nom de guerre'' Abu Bakr al-Baghdadi, was an Iraqi militant leader who was the founder and first leader of the Islamic State (IS), who proclaimed himself caliph in 2014 and stayed in power until Death of Abu Bakr al-Baghdadi, his death in 2019. Baghdadi was born in Samarra and obtained graduate degrees in Islamic theology in the late 1990s and 2000s. According to supporters, he obtained a PhD at the Iraqi University, Islamic University of Baghdad. Following the 2003 invasion of Iraq, American invasion of Iraq in March 2003, Baghdadi led the "Jamaat Jaysh Ahl al-Sunnah wa-l-Jamaah, ''Jama'at Jaysh Ahl al-Sunna wal-Jama'ah''" insurgent group in Ba'athist Iraq, Iraq and was detained with al-Qaeda commanders at the American Camp Bucca in 2004. His group joined the Mujahideen Shura Council (Iraq), Mujahideen Shura Council (MSC) coalition in 2006 and fought alongside Al-Qaeda in Iraq. Upon th ...
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Finances Of ISIL
Since 2012, the Islamic State of Iraq (IS or ISIS) has produced annual reports giving numerical information on its operations, somewhat in the style of corporate reports, seemingly in a bid to encourage potential donors. In 2014, the RAND Corporation analyzed IS's funding sources by studying Bharatpur documents — personal letters, expense reports and membership rosters — captured from ISIS (which included al-Qaeda in Iraq) by US forces in Iraq between 2005 and 2010. It found that over this period, outside donations amounted to only 5% of the group's operating budgets, with the rest being raised within Iraq. In the time period studied, cells were required to send up to 20% of the income generated from kidnapping, extortion rackets and other activities to the next level of the group's leadership. Higher-ranking commanders would then redistribute the funds to provincial or local cells which were in difficulties or which needed money to conduct attacks. The records show that IS ...
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Islamic State
The Islamic State (IS), also known as the Islamic State of Iraq and the Levant (ISIL), the Islamic State of Iraq and Syria (ISIS) and Daesh, is a transnational Salafi jihadism, Salafi jihadist organization and unrecognized quasi-state. IS occupied significant territory in Iraq and Syria in 2013, but lost most of it in 2019. In 2014, the group proclaimed itself to be a worldwide caliphate, and claimed religious, political, and military authority over all Muslims worldwide, a claim not accepted by the vast majority of Muslims. It is List of designated terrorist groups, designated as a terrorist organisation by the United Nations and many countries around the world, including Muslim world, Muslim countries. By the end of 2015, its self-declared caliphate ruled an area with a population of about 12 million, where they enforced their extremist interpretation of Islamic law, managed an annual budget exceeding billion, and commanded more than 30,000 fighters. After a grinding co ...
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Perak
Perak (; Perak Malay: ''Peghok'') is a States and federal territories of Malaysia, state of Malaysia on the west coast of the Malay Peninsula. Perak has land borders with the Malaysian states of Kedah to the north, Penang to the northwest, Kelantan and Pahang to the east, and Selangor to the south. Thailand's Yala Province, Yala and Narathiwat Province, Narathiwat provinces both lie to the northeast. Perak's capital city, Ipoh, was known historically for its tin-mining activities until the price of the metal dropped, severely affecting the state's economy. The royal capital remains Kuala Kangsar, where the palace of the Sultan of Perak is located. As of 2018, the state's population was 2,500,000. Perak has biodiversity, diverse tropical rainforests and an equatorial climate. The state's main mountain ranges are composed of the Titiwangsa Mountains, Titiwangsa, Bintang Mountains, Bintang and Keledang Ranges, where all of them are part of the larger Tenasserim Hills system that co ...
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World Islamic Mint
The world is the totality of entities, the whole of reality, or everything that exists. The nature of the world has been conceptualized differently in different fields. Some conceptions see the world as unique, while others talk of a "plurality of worlds". Some treat the world as one simple object, while others analyze the world as a complex made up of parts. In scientific cosmology, the world or universe is commonly defined as "the totality of all space and time; all that is, has been, and will be". Theories of modality talk of possible worlds as complete and consistent ways how things could have been. Phenomenology, starting from the horizon of co-given objects present in the periphery of every experience, defines the world as the biggest horizon, or the "horizon of all horizons". In philosophy of mind, the world is contrasted with the mind as that which is represented by the mind. Theology conceptualizes the world in relation to God, for example, as God's creation, ...
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United Arab Emirates
The United Arab Emirates (UAE), or simply the Emirates, is a country in West Asia, in the Middle East, at the eastern end of the Arabian Peninsula. It is a Federal monarchy, federal elective monarchy made up of Emirates of the United Arab Emirates, seven emirates, with Abu Dhabi serving as its capital. It shares land borders with Oman to the east and northeast, and with Saudi Arabia to the southwest; as well as maritime borders in the Persian Gulf with Qatar and Iran, and with Oman in the Gulf of Oman. , the UAE has an estimated population of over 10 million, of which 11% are Emiratis; Dubai is List of cities in the United Arab Emirates, its most populous city and is an international hub. Islam is the State religion, official religion and Arabic is the official language, while English is the most spoken language and the language of business. The United Arab Emirates Oil reserves in the United Arab Emirates, oil and natural gas reserves are the world's List of countries by pr ...
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