Created in Ramadhan, 1442 AH | April 2021, SC is the institution that maintains, promotes and enhances the global standard of the Islamic gold Dinar and silver Dirham. Since then, around a dozen projects of minting have started stretching from the UK, Europe, South Africa, Malaysia to the USA.
SC verifies compliance with legal standards in accordance with Islamic law during the manufacture of coins and medallions. Correctly manufactured products receive a corresponding licence from SC.
All the SC coins follow the same standards and they are mutually exchanged without a fee.
What is the Sunnah Currency?
SC verifies compliance with legal standards in accordance with Islamic law during the manufacture of coins and medallions. Correctly manufactured products receive a corresponding licence from the SC.
We continually monitor the minting activity of all Sunnah Currency Offices that mint the coins on a local basis. The dies of all the Sunnah Currency maintain a certain standard incorporating key characteristics that allow people to recognise the coins.
SC supports scientific research of the monetary system in general and the manufacturing process of coins and medallions according to Islamic law.
SC examines the legal requirements and standards for the distribution of coins in the whole world. In addition we support the activities of lawyers regarding the introduction of these products as legal tender.
Perspectives of the "SC Research Group"
Questions regarding monetary transactions are also being discussed at a global level during the present finance, debt and currency crisis.
The question as to the basic principles underlying an authentic Islamic currency and the ensuing legal questions is a matter under the scrutiny of the SC Research Group.
A clarification of the legal parameters with respect to the use of the Islamic Dinar & Dirham ensures the ongoing safeguarding of the standards and rules of minting.
The SC Certification ensures in this way that no one alters for his own personal advantage the standards applying to the Sunnah Currency at present in circulation – such that weight, size as well as security features are determined in a uniform manner.
Muslim jurists, lawyers and researchers continue to concern themselves with:
- Basic Islamic legal sources dealing with Sunnah Currencies (the payment of Zakat, minting, circulation etc...). Legal scholars belonging to the various legal schools of Islam are working in such groups.
- With contemporary background analyses of authentic money transactions in comparison with the present philosophy of paper money. Researcher and academics are working in such groups towards regeneration within the current paper money crisis.
- With all the legal problems existing in connection with the use of the Islamic Dinar and Dirham (VAT, legal tender, statutory provisions at a national level).
Lawyers and international legal chambers are working in such groups towards a legal monitoring of a global dinar & dirham economy taking into account national legislations