The first Muslim ruler to issue gold coins stamped with the image of the Hindu Goddess Lakshmi was Muhammad Ghori (Mu’izzuddin Muhammad ibn Sam). After his victory in the Second Battle of Tarain (1192), Ghori issued coins, mainly from the Delhi mint, that retained the Goddess Lakshmi motif prevalent on earlier Indian coinage. This was a pragmatic move to ensure the new currency was immediately accepted by the local traders and populace, demonstrating a conscious effort toward continuity in monetary tradition.