Pelaburan emas di Malaysia menurut perspektif kewangan Islam

Gold investment has become an enthusiasm among investors particularly after a series of global recessions and economic crises. This has become a phenomenon for Muslims today with various products, techniques, and gold investment plans available on the current market. However, many studies show that...

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Main Author: Raudzatul Jannah, Ezahar
Format: Thesis
Language:eng
eng
Published: 2023
Subjects:
Online Access:https://etd.uum.edu.my/10626/1/s900443_01.pdf
https://etd.uum.edu.my/10626/2/s900443_02.pdf
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spelling my-uum-etd.106262023-08-06T02:32:52Z Pelaburan emas di Malaysia menurut perspektif kewangan Islam 2023 Raudzatul Jannah, Ezahar Shuib, Mohd Sollehudin Abdul Rahim, Ahmad Khilmy Islamic Business School Islamic Business School BP174 The practice of Islam HG Finance Gold investment has become an enthusiasm among investors particularly after a series of global recessions and economic crises. This has become a phenomenon for Muslims today with various products, techniques, and gold investment plans available on the current market. However, many studies show that the gold investment scheme introduced contains various muamalat issues such as gharar and riba. Thus, the objective of this study is to examine the extent to which gold investment transactions offered by gold investment companies and banking institutions today comply with the Islamic financial perspective. In addition, this study also examines the justification of Islamic muamalat and the current parameters used by institutions in gold investment transactions. Further, it analyses the modus operandi of gold investment in selected investment companies and banking institutions. The qualitative method is used to collect data from interviews conducted at Public Gold (PG), Hello Gold (HG), Kuwait Finance House (KFH), and A1 Rajhi Bank. Data analysis techniques used are document analysis and content analysis. According to the findings, various types of gold investment are available, including physical gold-based investments and gold investment accounts. The modus operandi discovered that multiple methods of handing over gold (qabadh), contract (akad), and (ijab and qabul) sighah are used in accordance with gold investment parameters and AAOIFI gold parameters. However, there are issues with the method of payment and delivery of ribawi goods that can be improved during transactions. This study contributes to a source of knowledge, especially to the Muslim community, in understanding the actual practice of shariah-compliant gold investment from various dimensions and market variations. From a practical standpoint, this study serves as a guide for industry players and Muslim investors to use the study's findings to improve the implementation of transactions, modus operandi, and existing practices for shariah-compliant gold investment. 2023 Thesis https://etd.uum.edu.my/10626/ https://etd.uum.edu.my/10626/1/s900443_01.pdf text eng 2024-12-29 staffonly https://etd.uum.edu.my/10626/2/s900443_02.pdf text eng public other doctoral Universiti Utara Malaysia
institution Universiti Utara Malaysia
collection UUM ETD
language eng
eng
advisor Shuib, Mohd Sollehudin
Abdul Rahim, Ahmad Khilmy
topic BP174 The practice of Islam
HG Finance
spellingShingle BP174 The practice of Islam
HG Finance
Raudzatul Jannah, Ezahar
Pelaburan emas di Malaysia menurut perspektif kewangan Islam
description Gold investment has become an enthusiasm among investors particularly after a series of global recessions and economic crises. This has become a phenomenon for Muslims today with various products, techniques, and gold investment plans available on the current market. However, many studies show that the gold investment scheme introduced contains various muamalat issues such as gharar and riba. Thus, the objective of this study is to examine the extent to which gold investment transactions offered by gold investment companies and banking institutions today comply with the Islamic financial perspective. In addition, this study also examines the justification of Islamic muamalat and the current parameters used by institutions in gold investment transactions. Further, it analyses the modus operandi of gold investment in selected investment companies and banking institutions. The qualitative method is used to collect data from interviews conducted at Public Gold (PG), Hello Gold (HG), Kuwait Finance House (KFH), and A1 Rajhi Bank. Data analysis techniques used are document analysis and content analysis. According to the findings, various types of gold investment are available, including physical gold-based investments and gold investment accounts. The modus operandi discovered that multiple methods of handing over gold (qabadh), contract (akad), and (ijab and qabul) sighah are used in accordance with gold investment parameters and AAOIFI gold parameters. However, there are issues with the method of payment and delivery of ribawi goods that can be improved during transactions. This study contributes to a source of knowledge, especially to the Muslim community, in understanding the actual practice of shariah-compliant gold investment from various dimensions and market variations. From a practical standpoint, this study serves as a guide for industry players and Muslim investors to use the study's findings to improve the implementation of transactions, modus operandi, and existing practices for shariah-compliant gold investment.
format Thesis
qualification_name other
qualification_level Doctorate
author Raudzatul Jannah, Ezahar
author_facet Raudzatul Jannah, Ezahar
author_sort Raudzatul Jannah, Ezahar
title Pelaburan emas di Malaysia menurut perspektif kewangan Islam
title_short Pelaburan emas di Malaysia menurut perspektif kewangan Islam
title_full Pelaburan emas di Malaysia menurut perspektif kewangan Islam
title_fullStr Pelaburan emas di Malaysia menurut perspektif kewangan Islam
title_full_unstemmed Pelaburan emas di Malaysia menurut perspektif kewangan Islam
title_sort pelaburan emas di malaysia menurut perspektif kewangan islam
granting_institution Universiti Utara Malaysia
granting_department Islamic Business School
publishDate 2023
url https://etd.uum.edu.my/10626/1/s900443_01.pdf
https://etd.uum.edu.my/10626/2/s900443_02.pdf
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