Dirham Gold Eau de Perfum 100ml Oriental perfume by House of Niche Fragrance

Product Information

Dirham Gold by Ard Al Zaafaran is a fresh, vital perfume with floral notes and a slightly woody base for men and women. Also during the 8th and 9th centuries, the definition of the meṯqāl was changed to make it equal to the weight of the Islamic gold dinar (as had already been true in Egypt and Syria). The weight standard of the dirham continued to be defined as 7/10 of this meṯqāl of 4.25 grams, and the 7:10 ratio between the weight of the silver dirham and the gold dinar became a tenet of Muslim Šarīʿa law. The value of the two coins was, however, never fixed. The dinar and dirham were two separate currencies, with their relative value set in the marketplace.

On Wednesday 29th, November 2023 the retail cost of 1 gram of 24k gold was 247.75 AED. 30 days earlier on Monday 30th, October 2023 1 gram of gold was trading at 242.25 AED. The benefit that can be taken from this is the prohibition of entrusting the People of the Book with goods.At the time of writing (May 2020) participants in the auction include Bank of China, Bank of Communications, Coins ‘N Things, Goldman Sachs, HSBC, Industrial and Commercial Bank of China, INTL FCStone, JPMorgan Chase, Morgan Stanley, Standard Chartered, The Bank of Nova Scotia (Scotiabank), and Toronto-Dominion Bank. Weight determined the value of the silver dirham and gold dinar as currency in the time of the Prophet, on him be peace. He established the weights of Makkah as the Muslims’ standard measure for currency based on the weights of the dirham and dinar of the Makkans. This remains in force for calculating Zakat’s niṣâb on gold. (See How Is Zakat Calculated on Wealth? ) Do we use the same gold weight as the Prophet, on him be peace? Value Added Tax (VAT) was introduced in January 2018 in Dubai and the UAE. The rate of 5% is one of the lowest in the world. The use of the gold dinar and silver dirham as currency continued throughout the Islamic world for many centuries, until the introduction of paper money in the 7th century. Today, there is a renewed interest in the use of the gold dinar as a form of currency in Muslim countries, as it is seen as a way of promoting financial stability and independence.

The price set in the morning is referred to as the LBMA Gold Price AM. The price set in the afternoon is called the LBMA Gold Price PM.Gold and silver are subject to Zakat in all other forms. If gold (or silver) takes the shape of a forbidden form or use item (say, statuary, or silver or gold dinnerware) their market value is added to their gold worth and Zakat is paid on the total amount at the current 2.5% rate of gold. How does one calculate niṣâb on gold?