Search
Generic filters
Filter by Categories
Accounting
Banking

Islamic Finance




Uqiyyah


An Islamic measure of weight (also, awqiyyah; in Arabic script أوقية) that is equal to 8 mithqal (mathaqeel) or 40 dirhams. According to Hanafis, an uqiyyah approximately weights 200.8 grams. This version of uqiyyah is known as uqiyyah shar’eyyah (الأوقية الشرعية) as it was used in Makkah (Mecca) at the advent of Islam and thereafter.

As a rule of thumb, the exact weight of uqiyyah varies according to the type of material being weighted: in except of cases other than gold and silver, an uqiyyah weights 40 dirhams (equivalent to 127 grams). For gold, it is equal to 29.75 grams and for silver 119 grams.



ABC
The last three decades have witnessed the modern rebirth of Islamic finance both in terms of literature and practice. Islamic banks and ...
Watch on Youtube
Remember to read our privacy policy before submission of your comments or any suggestions. Please keep comments relevant, respectful, and as much concise as possible. By commenting you are required to follow our community guidelines.

Comments


    Leave Your Comment

    Your email address will not be published.*