An understanding of shariah issues on gold investment: a review
Gold investment is one of the great investment because of the value of gold in the society goes more than just economic, as it is also treasured as a storage and display of greed and culture. Gold actually is a precious metal which serves as together financial and real assets. In Malaysia, a country...
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| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
IDOSI Publications
2017
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| Subjects: | |
| Online Access: | http://repo.uum.edu.my/21910/1/AJBMS%208%201%202017%209%2012.pdf http://repo.uum.edu.my/21910/ https://www.idosi.org/ajbms/8(1)17/3.pdf |
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| Summary: | Gold investment is one of the great investment because of the value of gold in the society goes more than just economic, as it is also treasured as a storage and display of greed and culture. Gold actually is a precious metal which serves as together financial and real assets. In Malaysia, a country as practices of a dual financial system, gold investment has to face the issues of Shariah compliance.The gold investment in Malaysia, there are two different ways offers for the investors to invest which is physical gold and gold account “paper gold”.For physical gold, investor can hold their gold investment in the physical form.For
instance, gold coins, gold bar and jewelry.For gold account, it is made through bank account. Comparatively, the Shariah compliance issues have been discussed to clarify the status of gold investment form the Islamic perspective. Hence, it serves as a good practices of investor’s standard. The Shariah rulings on gold transaction and the parameter for gold investment were analyzed. This paper found that the financial institution
operating gold investment still need to comply with the Shariah rulings and parameters in ensuring the certainty of the transactions and fairness to the customers. |
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