Shariah analysis on the operation of gold investment in malaysia and its implications to the consumer

Wan Farahiyah Izni Binti W Abd Rahman, Ruzian Markom, Rahmah Ismail, Sakina Shaik Ahmad Yusoff, Zeti Zuryani Mohd Zakuan

Research output: Contribution to journalArticle

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 certainly of the transactions and fairness to the consumers.

Original languageEnglish
Pages (from-to)470-474
Number of pages5
JournalInternational Business Management
Volume7
Issue number6
DOIs
Publication statusPublished - 2013

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Malaysia
Financial institutions
Fairness
Assets

Keywords

  • Certainty
  • Consumer
  • Gold investment
  • Shariah compliance
  • Shariah rulings

ASJC Scopus subject areas

  • Business and International Management
  • Strategy and Management

Cite this

Shariah analysis on the operation of gold investment in malaysia and its implications to the consumer. / Abd Rahman, Wan Farahiyah Izni Binti W; Markom, Ruzian; Ismail, Rahmah; Shaik Ahmad Yusoff, Sakina; Zakuan, Zeti Zuryani Mohd.

In: International Business Management, Vol. 7, No. 6, 2013, p. 470-474.

Research output: Contribution to journalArticle

Abd Rahman, Wan Farahiyah Izni Binti W ; Markom, Ruzian ; Ismail, Rahmah ; Shaik Ahmad Yusoff, Sakina ; Zakuan, Zeti Zuryani Mohd. / Shariah analysis on the operation of gold investment in malaysia and its implications to the consumer. In: International Business Management. 2013 ; Vol. 7, No. 6. pp. 470-474.
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