Kelantan dinar in Malaysia is a currency released by state Government which was formally launched on 12 August, 2010. The state Government of Kelantan had once recommended that Kelantan Dinar had the status of legal tender in Malaysia. However, these coins were denied by the federal government of Malaysia and maintaining the Malaysia Ringgit as the only legal tender.
These bullion coins are in conformance with the Islamic gold dinar principle. Kelantan dinar can be purchased in five denominations which are ½ dinar, 1 dinar, 2 dinar, 5 dinar and 8 dinar coins. According to World Islamic Mint, the Islamic dinar is specific to weight of 22-karat gold (917.) equivalent to 4.25 grams. There is also a principle for gold dinar-silver dirham weight equation of “7 dinars must be equivalent to 10 dirhams,” a standard established by Umar Ibn al-Khattab.
Kelantan Dinar coins were first reached in 2006 by a local producer of souvenirs of art and culture, Mariwasa Kraftangan of Perak. On the obverses of these coins signify a monogram in Arabic within the decorative border. While on the reverse of the Kelantan Dinar show the optimal Kelantanese Coat-of-Arms.
The Kelantan dinar was sold out so quickly from the time when released as many buyers welcoming the gold dinar as more desirable option compared to fiat money. Gold and silver are the most stable currency the world ever had. For instants, a chicken at 1,400 years ago at that time of Prophet, (s.a.w), cost one dirham. At present, a chicken still cost approximate to one dirham, which means that it is basically zero inflation for the past 1,400 years. Sadly, could we see the similar about the Dollars or any other paper currency in the past 25 years?
Nowadays, Kelantan dinar and dirham may be used to complement worship zakat, as settlement of wedding dowry, savings, collections, bonuses and gifts. In fact, Kelantan dinar used as marriage dowry in Malaysia are increasingly popular. The variety of denomination sizes also made these bullion an affordable gold investment.
Needless to say, gold dinar has seen significant use in the Malaysia. The founder of the Kelantan dinar and dirham has launched an international promotion to bring the bullion-currency beyond the borders of Kelantan. On 15 June, 2012, Kelantan dinar launched a World Trade Expo hologram conjunction with Islam and convention based halal dinars-dirhams.