Coins Without Illustrations – Islamic Money
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Precious Metals US SILVER COINS VALUE GUIDE
Precious Metals US SILVER COINS VALUE GUIDE – coins dated 1964 and earlier Page 1 Value shown is the (US dollar*) value of the silver found in each silver coin Silver price $2.75 $3.00 $3.25 $3.50 $3.75 $4.00 $4.25 $4.50 $4.75 $5.00 $5.25 $5.50 $5.75 $6.00 $6.50 $7.00 $7.50 per troy ounce: Dime – 10 c .19 .21 .23 .25 .27 .28 .30 .32 .34 .36 .37 .39 .41 .43 .47 .50 .54 dated 1964 or before 7.2% oz Quarter – 25 c .49 .54 .58 .63 .67 .72 .76 .81 .85 .90 .95 .99 1.04 1.08 1.17 1.26 1.35 dated 1964 or before 18% oz Half Dollar – 50 c .99 1.08 1.17 1.26 1.35 1.44 1.53 1.62 1.71 1.80 1.89 1.98 2.07 2.16 2.34 2.52 2.70 dated 1964 or before 36% oz $1.00 face value of 1.98 2.16 2.34 2.52 2.70 2.88 3.06 3.24 3.42 3.60 3.78 3.96 4.14 4.32 4.68 5.04 5.40 mixed dimes, quarters or halves – dated 1964 or before - 72% oz Silver dollars 2.11 2.31 2.50 2.69 2.88 3.08 3.27 3.46 3.65 3.85 4.40 4.23 4.42 4.62 5.00 5.39 5.77 1935 or before 77% oz Most US dimes (and larger silver coins) dated before 1965 are made of 90% silver and 10% copper. -
Silver Coinage Under the Emperor Nero
DEBASEMENT OF THE Silver Coinage Under the Emperor Nero BY T. LO UIS COMPARETTE, Ph. D. NEW YORK 1914 V JL43359 1 ONE HUNDREDS COPIES REPRINTED FROM THlE AMoERICAN JOURNAL OF N UMISAFATIUS VOLUME XLVII " . " . "."" " " DEBASEMENT OF THE SILVER COINAGE UNDER THE EMPEROR NERO. BY T. LOUIS COMPARETTE, PH. D. The paucity of extant records pertaining to the coinage of Rome during the first century of the empire makes it very difficult to reach an understanding of the many changes which the coins themselves dis- close took place in that period, extending from the first issue of gold at Rome by Julius Caesar to the reign of Nero, or between B. C. 49 and A. D. 62, the probable date of important legislation in the principate of the latter emperor. This may be accounted for largely by the fact that readers of the historians and other writers were so completely removed from participation in the affairs of government that important histori- cal facts regarding legislation and administration did not interest them. Government had become a personal affair and history took on the color of personal gossip. But the lack of records may also be due, and prob- ably is chiefly due, to the fact that the alterations in the coins were of purely administrative origin, and thus there were no vital legislative enactments to record. However, currency matters must have frequently occupied the at- tention of the senate and imperial council during the first century of the empire; for the new imperial coinage laws would certainly require numerous modifications to adjust the currency to the needs of an empire whose far-flung dominions presented the greatest diversity of trade and commerce, and whose local coinages had to be taken into consideration by the framers or reformers of the imperial system. -
Perkembangan Perekonomian Ekonomi
i PERKEMBANGAN PEMIKIRAN EKONOMI ISLAM i Sanksi Pelanggaran Hak Cipta Undang-Undang Republik Makassar No. 19 Tahun 2002 tentang Hak Cipta Lingkup Hak Cipta Pasal 2: 1. Hak Cipta merupakan hak eksklusif bagi pencipta dan pemegang Hak Cipta untuk mengumumkan atau memperbanyak ciptaannya, yang timbul secara otomatis setelah suatu ciptaan dilahirkan tanpa mengutrangi pembatasan menurut peraturan perundang-undangan yang berlaku. Ketentuan Pidana Pasal 72: 1. Barang siapa dengan sengaja atau tanpa hak melakukan perbuatan sebagaimana dimaksud dalam pasal 2 ayat (1) atau pasal 49 ayat (1) dan (2) dipidana dengan pidana penjara masing-masing paling singkat 1 (satu) bulan dan/atau denda paling banyak Rp 5.000.000.000,00 (lima milyar rupiah). 2. Barang siapa dengan sengaja menyiarkan, memamerkan mengedarkan, atau menjual kepada umum suatu ciptaan atau barang hasil pelanggaran Hak Cipta atau Hak Terkait sebagaimana dimaksud dalam ayat (1) dipidana dengan pidana penjara paling lama 5 (lima) tahun dan/atau denda paling banyak Rp 500.000.000,00 (lima ratus juta rupiah). ii DR. ABDUL RAHIM S.Ag,M.Si,MA PERKEMBANGAN PEMIKIRAN EKONOMI ISLAM PENERBIT YAYASAN BARCODE 2020 iii PERKEMBANGAN PEMIKIRAN EKONOMI ISLAM Penulis: Dr. Abdul Rahim,S.Ag.,M.SI,MA Tata Letak/Desain Cover: Sulaiman Sahabuddin, S.Pd.i Editor : Juhasdi SE,MM Copyright © 2020 Perpustakaan Nasional: Katalog Dalam Terbitan (KDT) ISBN: 978-623-285-080-4 23x15 cm Diterbitkan pertama kali oleh: YAYASAN BARCODE Divisi Publikasi dan Penelitian Jl. Kesatuan 3 No. 11 Kelurahan Maccini Parang Kecamatan Makassar, Kota Makassar Email: [email protected] HP. 0813-4191-0771 iv KATA PENGANTAR Puji syukur kita panjatkan kepada Allah SWT. -
Islamic Credit Cards: How Do They Work, and Is There a Better Alternative?
Journal of Islamic Banking and Finance December 2017, Vol. 5, No. 2, pp. 1-8 ISSN 2374-2666 (Print) 2374-2658 (Online) Copyright © The Author(s). All Rights Reserved. Published by American Research Institute for Policy Development DOI: 10.15640/jibf.v5n2a1 URL: https://doi.org/10.15640/jibf.v5n2a1 Islamic Credit Cards: How Do They Work, And Is There A Better Alternative? Bukhari M. S. Sillah1 Abstract Credit card, which is one of the noncash payment methods, has been growing exponentially. Credit card generally uses credit balances advanced by the banks to make payments. The banks charge cardholders for using the credit payment system or based on the outstanding balances owed. Charging fees based on the outstanding balances can tantamount to Riba Nasi’ah. To avoid thisRiba, the Islamic banks have packaged their cards based on certain Islamic ‘transaction principles’. These packages include Charge cards, Qard Al-hasan cards, Bay Al-Inah cards, Tawarruq cards, and Murabahah cards.Some of these packages have become subjects of increasing juristic criticism. I review these packages and conclude that they suffer either from reduced Shari’ah compliance or high price.I propose an alternative package that could minimize the juristic criticisms and improve competitiveness. It extends the Tawarruq package by introducing a buy-and-hold element in the ownership of the underlying asset. It eliminates the need for revolving money credit that can attract interest charges and replaces it with cash reserve and asset holding that the cardholder replenishes as he/she makes repayments into his/her card. 1. Introduction Credit card, which is one of the noncash payment methods, has been growing exponentially. -
The Mysterious World of Celtic Coins
The Mysterious World of Celtic Coins Coins were developed about 650 BC on the western coast of modern Turkey. From there, they quickly spread to the east and the west, and toward the end of the 5th century BC coins reached the Celtic tribes living in central Europe. Initially these tribes did not have much use for the new medium of exchange. They lived self-sufficient and produced everything needed for living themselves. The few things not producible on their homesteads were bartered with itinerant traders. The employ of money, especially of small change, is related to urban culture, where most of the inhabitants earn their living through trade or services. Only people not cultivating their own crop, grapes or flax, but buying bread at the bakery, wine at the tavern and garments at the dressmaker do need money. Because by means of money, work can directly be converted into goods or services. The Celts in central Europe presumably began using money in the course of the 4th century BC, and sometime during the 3rd century BC they started to mint their own coins. In the beginning the Celtic coins were mere imitations of Greek, later also of Roman coins. Soon, however, the Celts started to redesign the original motifs. The initial images were stylized and ornamentalized to such an extent, that the original coins are often hardly recognizable. 1 von 16 www.sunflower.ch Kingdom of Macedon, Alexander III the Great (336-323 BC) in the Name of Philip II, Stater, c. 324 BC, Colophon Denomination: Stater Mint Authority: King Alexander III of Macedon Mint: Colophon Year of Issue: -324 Weight (g): 8.6 Diameter (mm): 19.0 Material: Gold Owner: Sunflower Foundation Through decades of warfare, King Philip II had turned Macedon into the leading power of the Greek world. -
Riba, Interest and Six Hadiths
Riba , Interest and Six Hadiths: Do We Have a Definition or a Conundrum? Dr. Mohammad Omar Farooq Associate Professor of Economics and Finance Upper Iowa University June 2006 [Draft; Feedback welcome] The Readers are highly encouraged to read another of my essays "Islamic Law and the Use and Abuse of Hadith " before this one to better follow and appreciate this essay. NOTE for fellow Muslims: Because this topic involves what is haram (prohibited) and halal (permissible) in Islam, every Muslim MUST do his/her own due diligence and conscientiously reach own position/decision in regard to personal practice. In doing so regarding this matter or any other aspect of life, Muslims should seek guidance from the Qur'an and the Prophetic legacy. Each hadith is properly referenced, but for internal reference within this essay, in the sequence presented, each hadith is numbered with # H-. Some of the references in this essay are from secondary sources. As the draft takes it final shape, original sources would be gradually cited and replace the secondary source citations. "There is nothing prohibited except that which God prohibits ... To declare something permitted prohibited is like declaring something prohibited permitted." Ibn Qayyim 1 I. Introduction The Qur'an categorically prohibits riba . However, since there is no unanimity about the definition or scope of this prohibition, we will use the original term riba throughout this essay. In the Qur'an it is specified: Those who devour riba will not stand except as stands one whom the Evil One by his touch hath driven to madness. That is because they say: "Trade is like riba 1 Quoted in Abdulkader Thomas (ed.) Interest in Islamic Economics: Understanding Riba [Routledge, 2006, p. -
Commercial Partnership in Islām: a Brief Survey of Kitāb Al-Muḍārabah of Al-Mabsūṭ by Al-Sarakhsī
TAFHIM Online © IKIM Press TAFHIM: IKIM Journal ofCommercial Islam and Partnership the Contemporary in Islam World 11 (2018): 79–111 Commercial Partnership in Islām: A Brief Survey of Kitāb al-Muḍārabah of al-Mabsūṭ by al-Sarakhsī Mohd. Hilmi Ramli* [email protected] Abstract Muḍārabah is a contract of profit-sharing known as partnership in capital and labour. Its concept and practices were notable in the history of Muslims specifically after its incorporation in the fiqh literatures that have spread to the entire education and economic institutions in the Muslim world. It combines two parties: those who have capital and those who are skilful in business to achieve a common economic objective underpinned by the Sharīʿah. This study analyses the work of al- Mabsūṭ by al-Sarakhsī (d. 483 A.H./1090 C.E.), an accomplished Hanafī jurist (fāqih) in the fifth/ eleventh century, pertaining to muḍārabah drawn from the analysis of the first chapter of the book titled Kitāb al-Muḍārabah. This study is significant as it fills the lacuna in the historiography of Islamic economic thought by focusing on al-Sarakhsī’s epistemic framework and definition of muḍārabah, as well as extending in its coverage from the individual * Zamalah UTM Recipient cum PhD candidate at the Centre for Advanced Studies on Islam, Science and Civilisation (CASIS), Technology University of Malaysia (UTM), Kuala Lumpur. 79 TAFHIM Online © IKIM Press Mohd Hilmi / TAFHIM 11 (2018): 79–111 to the institutional. It is a testimony of how Muslims conducted their economic activities based on the intellectual framework and moral guidance underlined by the Sharīʿah. -
Qard Hasan, Credit Cards and Islamic Financial Product Structuring: Some Qur'anic and Practical Considerations
Journal of Islamic Financial Studies ISSN (2469-259X) J. Islam. Fin. Stud. 1, No.1 (Dec-2015) Qard Hasan, Credit Cards and Islamic Financial Product Structuring: Some Qur’anic and Practical Considerations Mohammad Omar Farooq1 and Nedal El Ghattis2 1University of Bahrain, Department of Economics and Finance, Kingdom of Bahrain 2Bahrain Polytechnic, Faculty of Business, Kingdom of Bahrain Received 04 Oct. 2015, Accepted 19 Nov. 2015, Published 1 Dec. 2015 Abstract: For all practical purpose, qard and qard hasan are generally regarded synonymous from orthodox Islamic viewpoint, because, due to the categorical prohibition of riba in the Qur’an, qard (loan) is considered ribawi (subject to the rules pertaining to riba prohibition), and therefore only gratuitous monetary loans – without any benefit to the lender - are considered permissible. The concept of qard hasan has gained new relevance and importance as it is being used to structure Islamic financial products, such as demand deposit products in banks and credit cards. Using qard hasan as the basis for such products leads to some serious anomalies. But more importantly, is the traditional understanding of qard hasan consistent with the Qur’an as well as hadith? What scriptural evidences are there to support the traditional understanding? Also, in light of the impact of credit cards on personal financial health, is the concept ofqard hasan at all compatible with credit cards, and thus, structuring Islamic credit cards? In this paper, we focus on how the Qur’an illuminates this concept of qard hasan and also how it is treated in hadith. While evidence from hadith is looked at, the primary purpose of this paper is to examine the Qur’anic approach to this concept and practical implications for Islamic product structuring. -
A Short History of the Coins of the Subcontinent
A short history of the coins of the subcontinent Asma Khalid and Muhammad Sabieh Anwar LUMS School of Science and Engineering Saadat Anwar Siddiqi Centre for Solid State Physics, University of the Punjab May 4, 2011 Coinage in the sub-continent originated as early as the sixth century BC. Coins issued by the rulers of different periods and eras can be categorized as shown in Figure 1. 1 Punch marked coins The first coins of India were minted around the sixth century BC by the Mahajana- padas rulers of the Indo-Gangetic Plain (600 BC to 300 BC), before the invasion of Alexander in the fourth century BC. The coins of this period are called punch marked coins or P ana, with several symbols punched on them. These coins were made of silver, had a standard weight but irregular shapes. The coins were minted by cutting up silver bars and then making the correct weight by cutting the edges of the coin [1]. 2 Indobactrian coins Bactria was an ancient country lying between the mountains of the Hindu Kush and the Amu Darya. At present, the territory forms Afghanistan, Uzbekistan, and Tajikistan. Bactria was conquered by Cyrus the Great in the sixth century BC and it remained under Persian rule for the next 200 years. Alexander the Great defeated the persian kingdom and ruled the region from 330 to 323 BC. The coins of Bactria are the only source of the history of this region. They were treasure troves of information with names and portraits of the kings. Bactrian coins were imitations of Greek issues, but gradually attained a style of their own, the composition invariably comprised gold, silver, copper and nickel [2]. -
Detail of a Silver Denarius from the Museum Collection, Decorated with the Head of Pax (Or Venus), 36–29 BCE
Detail of a silver denarius from the Museum collection, decorated with the head of Pax (or Venus), 36–29 BCE. PM object 29-126-864. 12 EXPEDITION Volume 60 Number 2 Like a Bad Penny Ancient Numismatics in the Modern World by jane sancinito numismatics (pronounced nu-mis-MAT-ics) is the study of coins, paper money, tokens, and medals. More broadly, numismatists (nu-MIS-ma-tists) explore how money is used: to pay for goods and services or to settle debts. Ancient coins and their contexts—including coins found in archaeological excavations—not only provide us with information about a region’s economy, but also about historical changes throughout a period, the beliefs of a society, important leaders, and artistic and fashion trends. EXPEDITION Fall 2018 13 LIKE A BAD PENNY Modern Problems, Ancient Origins Aegina and Athens were among the earliest Greek cities My change is forty-seven cents, a quarter, two dimes, to adopt coinage (ca. 7th century BCE), and both quickly and two pennies, one of them Canadian. Despite the developed imagery that represented them. Aegina, the steaming tea beside me, the product of a successful island city-state, chose a turtle, while on the mainland, exchange with the barista, I’m cranky, because, strictly Athens put the face of its patron deity, Athena, on the front speaking, I’ve been cheated. Not by much of course, (known as the obverse) and her symbols, the owl and the not enough to complain, but I recognize, albeit belat- olive branch, on the back (the reverse). They even started edly, that the Canadian penny isn’t money, not even in using the first three letters of their city’s name,ΑΘΕ , to Canada, where a few years ago they demonetized their signify: this is ours, we made this, and we stand behind it. -
Politico-Economic Conditions of Ilkhanid Coins from Different Mint Houses by PIXE
Sociology and Anthropology 2(2): 29-34, 2014 http://www.hrpub.org DOI: 10.13189/sa.2014.020201 Politico-Economic Conditions of Ilkhanid Coins from Different Mint Houses by PIXE Javad Neyetani1, Amirhossein Salehi1,*, Seyed Mehdi Mousavi1, Mahdi Hajivaliei2, Ali Reza Hejabri Noubari1 1Department of Archaeology Faculty of Humanities, Tarbiat Modares University, Jalal Al-Ahmad Highway, Nasr Bridge, Tehran, Iran 2Physics Department, Bu-Ali Sina University, Mahdiyeh St., Hamedan, Iran *Corresponding Author: [email protected] Copyright © 2014 Horizon Research Publishing All rights reserved. Abstract It has been proved that the basic changes in provide us with a general scheme of silver production post-Islam coin minting have been occurred in Ilkhanid era; technology. The silver extraction technology is divided into therefore a survey on the time coins may help us understand three periods: at first silver ore was used in this regard. Then the changes and econopolitical situation of the era. In this at the late 3rd millennium B.C the technology of Cerussite research, we have applied the non-destructive PIXE method mines application was used in the form of oxidized lead ores. to test 32 Ilkhanid coins belonging to various rulers. The The last period in Iran begins from the first millennium A.D. highest and the lowest silver percent’s in Damghan were when silver was extracted from Galena mines in the form of related to Ghazan, and Tegudar and Arghun, respectively. lead sulfide ores [9]. Regarding the conditions of the coins in Arghun era, we may The Islamic era has been studied in different places conclude that he had been engaged in the area's conflicts. -
Important Coins of the Islamic World
Important Coins of the Islamic World To be sold by auction at: Sotheby’s, in the Lower Grosvenor Gallery The Aeolian Hall, Bloomfield Place New Bond Street London W1A 2AA Day of Sale: Thursday 2 April 2020 at 12.00 noon Public viewing: Nash House, St George Street, London W1S 2FQ Monday 30 March 10.00 am to 4.30 pm Tuesday 31 March 10.00 am to 4.30 pm Wednesday 1 April 10.00 am to 4.30 pm Or by previous appointment. Catalogue no. 107 Price £15 Enquiries: Stephen Lloyd or Tom Eden Cover illustrations: Lots 1, 2, 3, 4, 5 (front); lots 43, 63 (back); A selection of coins struck in Makka (inside front); lots 26, 27 (inside back) Nash House, St George Street, London W1S 2FQ Tel.: +44 (0)20 7493 5344 Email: [email protected] Website: www.mortonandeden.com This auction is conducted by Morton & Eden Ltd. in accordance with our Conditions of Business printed at the back of this catalogue. All questions and comments relating to the operation of this sale or to its content should be addressed to Morton & Eden Ltd. and not to Sotheby’s. Online Bidding This auction can be viewed online at www.invaluable.com, www.numisbids.com, www.emax.bid and www. biddr.ch. Morton & Eden Ltd offers live online bidding via www.invaluable.com. Successful bidders using this platform will be charged a fee of 3.6% of the hammer price for this service, in addition to the Buyer’s Premium fee of 20%. This facility is provided on the understanding that Morton & Eden Ltd shall not be responsible for errors or failures to execute internet bids for reasons including but not limited to: i) a loss of internet connection by either party ii) a breakdown or other problems with the online bidding software iii) a breakdown or other problems with your computer, system or internet connection.