How to Buy Islamic Dinars

Written by scott wolfenden
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How to Buy Islamic Dinars
Muslim advocates of the newly minted gold dinar believe it will stop the excesses of capitalism. (golden dinar image by Bosko Martinovic from Fotolia.com)

The dinar is the official currency in the Islamic countries of Algeria, Bahrain, Iran, Iraq, Jordan, Kuwait, Libya, Serbia, Sudan, Yemen and Tunisia. The dinar of these countries is paper. The new Islamic dinar--an all gold coin--has been created in Malaysia with the hopes that it will become the currency of more than one billion Muslims in the world.

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Exchanges

Dinars (paper currency) can be bought and sold at numerous sites online through exchanges such as EZForex.com and Dinar Profits.com. EZForex sells dinars from various Muslim countries. Make sure that the site you go to is registered with the U.S. Treasury. You can also buy dinars in the individual countries you are visiting.

The Dinar Exchange--UK

The Dinar Exchange is the official supplier of dinars in the United Kingdom. The stated purpose of the Dinar Exchange is to set up dealerships throughout the United Kingdom. Dinar agents are currently available through the Dinar Exchange in Birmingham, Edinburgh, Sheffield, London and Glasgow.

Indonesia--Gold Dinars

In Indonesia, a company named Wakala Induk Nusantara (WIN) mints Islamic dinars, and states that the gold dinars in circulation have doubled in the past year. These dinars are for use in Australia, Singapore and in Malaysia. The new gold dinars should not be confused with the Iraqi dinar, which is paper money. In Malaysia's northern state of Kelantan, the gold coin dinar has become official currency.

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