Gold investment application through mudarabah instruments in Malaysia

Analysis of gold dinar as capital

Research output: Contribution to journalArticle

Abstract

Two common ways to invest gold in Malaysia, either physical gold investment or by way of opening gold saving account. Investing in physical gold can be done by means of buying and selling instrument. Meanwhile gold investment account can be done by means of buying and selling as well as mudarabah. Due to gold which is capital in mudarabah in E Qirad is in the form of dinar, while dinar is no longer considered as a currency, but dinar is a commodity. Therefore, the question arises whether dinar is valid either based on currency or commodity (carud). This study aims to determine the above mentioned position, and to study the profit of investing in E Qirad gold.

Original languageEnglish
Pages (from-to)173-181
Number of pages9
JournalAsian Social Science
Volume10
Issue number7
DOIs
Publication statusPublished - 31 Mar 2014

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gold
Malaysia
selling
currency
commodity
profit

Keywords

  • Gold dinar
  • Gold investment
  • Islamic capital
  • Islamic investment
  • Mudarabah instruments

ASJC Scopus subject areas

  • Social Sciences(all)
  • Arts and Humanities(all)
  • Economics, Econometrics and Finance(all)

Cite this

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title = "Gold investment application through mudarabah instruments in Malaysia: Analysis of gold dinar as capital",
abstract = "Two common ways to invest gold in Malaysia, either physical gold investment or by way of opening gold saving account. Investing in physical gold can be done by means of buying and selling instrument. Meanwhile gold investment account can be done by means of buying and selling as well as mudarabah. Due to gold which is capital in mudarabah in E Qirad is in the form of dinar, while dinar is no longer considered as a currency, but dinar is a commodity. Therefore, the question arises whether dinar is valid either based on currency or commodity (carud). This study aims to determine the above mentioned position, and to study the profit of investing in E Qirad gold.",
keywords = "Gold dinar, Gold investment, Islamic capital, Islamic investment, Mudarabah instruments",
author = "{Mat Zain}, {Mat Noor} and Yaacob, {Salmy Edawati} and Ahmad, {Azlin Alisa} and Zamzuri Zakaria and {Nik Abdul Ghani}, {Nik Abdul Rahim} and Abdul Ghani",
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AU - Zakaria, Zamzuri

AU - Nik Abdul Ghani, Nik Abdul Rahim

AU - Ghani, Abdul

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AB - Two common ways to invest gold in Malaysia, either physical gold investment or by way of opening gold saving account. Investing in physical gold can be done by means of buying and selling instrument. Meanwhile gold investment account can be done by means of buying and selling as well as mudarabah. Due to gold which is capital in mudarabah in E Qirad is in the form of dinar, while dinar is no longer considered as a currency, but dinar is a commodity. Therefore, the question arises whether dinar is valid either based on currency or commodity (carud). This study aims to determine the above mentioned position, and to study the profit of investing in E Qirad gold.

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