Abstract
The idea of revisiting currency and gold dinar in Islamic standpoint is an interesting discourse in the current monetary system. This study investigated the idea of gold as currency in Islamic viewpoint. The survey included historical aspect, supremacy of gold currency and the weakness of fiat money by employing maslahah-mursalah approach. The law of gold as money, money from maqashid sharia and Siyasah Syar‟iyya approach were discussed. The paper deliberated on some possible alternative forms of gold as money and then evaluated some obstacles and barriers in hope of finding the best model of gold as money to be implemented in the current economic system. Deductive method is utilized to explore the implementation of gold currency based on historical study and library research. The findings revealed that, money is not limited to gold and silver. However, by using derive law process from sources of law-making, the „hukm‟ of gold/silver as money is permissible. While, the hukm for the country to mint gold dinar is subject to change into wajib, if the objective is to protect nation and people from badness. Maqasid sharia and maslahah-mafsadah studies have also strengthened the view. Moreover, the review indicated that gold as money serves maslahah while fiat money serves more mafsadah. However, it is difficult to implement in the current system due to some obstacles and barriers. Backed-up information/communication technology and gold are just employed as measurement of value; they could be implemented in certain communities including cooperatives. Nevertheless, political support is needed.

Keywords: Fiat Money, Gold Dinar, Monetary System, Maslahah-Mafsadah