International Business Management
ISSN: OnlineISSN: Print 1993-5250
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Shariah Analysis on the Operation of Gold Investment in Malaysia and its Implications to the Consumer
Sakina Shaik Ahmad Yusoff, Rahmah Ismai, Wan Farahiyah Izni Binti W. Abd Rahman, Ruzian Markom and Zeti Zuryani Mohd Zakuan
Page: 470-474 | Received 21 Sep 2022, Published online: 21 Sep 2022
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Abstract
Since prehistoric time, human are using the gold in trading and value keeping asset. Even current financial activities are always surrounding by the gold issue. Gold investment is booming in recent years and the reasons behind this can be explained as the consumers become more aware of the benefit of the gold and its special features. The objective of this study is to examine the shariah compliance of the operations of gold investment in Malaysia and its implications to the consumer. In the course of discussion, the Shariah rulings on gold transaction and the parameter for gold investment were analysed. Findings of the study showed that the financial institutions operating gold investment still need to comply with the Shariah rulings and parameters in ensuring the certainty of the transactions and fairness to the consumers.
How to cite this article:
Sakina Shaik Ahmad Yusoff, Rahmah Ismai, Wan Farahiyah Izni Binti W. Abd Rahman, Ruzian Markom and Zeti Zuryani Mohd Zakuan. Shariah Analysis on the Operation of Gold Investment in Malaysia and its Implications to the Consumer.
DOI: https://doi.org/10.36478/ibm.2013.470.474
URL: https://www.makhillpublications.co/view-article/1993-5250/ibm.2013.470.474