The effectiveness of the implementation of dinar and dirham in the Islamic economic system: a case study in Kelantan Gold Trade (KGT) / Nurul Ain Najwa Zariman

The dinar and dirham can last decades to become a formidable medium of exchange, as gold and silver have the highest suitability as money rather than commodities. However, some people believe there are alternative currencies besides gold and silver. Starting to implement and use the dinar and dirham currencies is part of muamalah activities. The wheel of Islamic economics is driven by the dinar and dirham cycle, where a currency is used as a medium of exchange, storage, or fair value of wealth. so that the period of socialization and education for the community must be in collaboration with the other factors in various elements of society, the world of education, and most importantly the policies made by the government are in line with the principles of Islamic economics in multiple aspects of life. Therefore, this study aims to determine The Effectiveness of implementing dinar and dirham in the Kelantan Gold Trade Sdn Bhd. To complete this study, the researcher has carried out an intensive step by using the qualitative research method. The researcher used semi-structured interviews to obtain information from only one respondent from the manager of Kelantan Gold Trade Sdn Bhd. Based on the results obtained, the study found that the implementation of dinars and dirhams in Kelantan has not yet reached such an effective level and must be improved its effectiveness. This is due to the lack of awareness and knowledge from the community, especially in Kelantan, regarding the storage of dinars and dirhams as savings. The researcher recommended that the Kelantan Gold Trade devise additional strategies to leverage dinar and dirham savings within the community.