Transactions with dirhams, price of eggs of 2 kg equivalent to 73,500 IDR in the market of Muamalah, Depok

DEPOK, KOMPAS.com – There is something unique about the price range of commodities that are traded on the muamalah market in Beji, Depok, West Java, when trading with dinar and dirham currencies.

The two currencies are exchanges introduced by Zaim Saidi, the founder of the muamalah market network.

A gold dinar coin weighs 4.25 grams at a price of IDR 4 million per chip.

Meanwhile, a silver dirham coin weighs almost 3 grams at a price of IDR 73,500 per chip.

Also read: Timeline of the arrest of Zaim Saidi, starting with the Dinar-Dirham transaction in the Muamalah market, Depok

As a result, commodity prices were eventually forced to adjust the value of dirhams that were often used in transactions. That means raw material prices need to be rounded.

“The amount (dirham) is only 2. The price (of the goods) is half or one (dirham),” said Sari, one of the traders, when interviewed by Kompas TV journalist Aiman ​​Witjaksono at the Aiman ​​program. Monday (2/8/2021).

Sari added, if you spend less than one dirham, then the change will be half dirham, because there are only 2 denominations available.

While this means that buyers and sellers have the freedom to agree on the transaction, it also has the potential to drive up commodity prices.

Nisa, one of the grocery merchants who has received transactions with dirham coins, admits it.

“There is no remnant (change), they give us the coins to spend,” Nisa said in an interview with Aiman.

Also read: Traders said, in addition to dinar and dirham coins, Depok Muamalah market receives rupees and barter

Nisa said that a dirham coin was exchanged for a plastic chicken egg that weighed only 1-2 kilograms.

In fact, the price of chicken eggs in Depok does not exceed Rs 26,000 per kilogram in normal situations.

Zaim Saidi was arrested by Bareskrim Polri last Thursday, after the issue of the use of the dinar and dirmah was widely discussed on social media.

The head of the Public Information Division of the Public Relations Division of the Kombes National Police (Pol) Ahmad Ramadhan said that Zaim was charged under Article 9 of Law No. 1 of 1946 on Criminal Law and Article 33 of the law number 7 of 2011 on currency.

“The threat of a 1-year prison sentence and a fine of Rs 200 million,” Ramadhan told a news conference in Jakarta on Wednesday (3/2/2021).

Zaim was named a suspect because he served as the initiator and provider of the Muamalah market stall.

Also read: Dirham dinar market and inflation threats

He is also the manager and main responsible for changing the rupee currency into dinars or dirhams.

“At the same time as a manager and as a parent, which is a place to convert rupees into dinars or dirhams that are used as a trading instrument in the muamalah market,” Ramadhan said.

Based on a temporary investigation, the Muamalah market is known to have been operating since 2014.

Currently, investigators from the Dirtipideksus Bareskrim Polri have also examined several witnesses who played a role in trading in the muamalah market.

“He has conducted interrogations of witnesses who play a role in the implementation of the trade, namely supervisors, traders and stall owners,” Ramadhan said.