The Islamic Perspective of Gold-Based Investment: The Case of Indonesia

Authors

  • Asep Risman Universitas Mercu Buana
  • Markonah Markonah Perbanas Institute
  • Jaih Mubarok Sunan Gunung Djati Islamic State University, Bandung, Indonesia
  • Budi Lestijawan Eka Saputra Kinesis Monetary Indonesia, Jakarta-Indonesia

DOI:

https://doi.org/10.30993/tifbr.v18i1.363

Abstract

Currently, there are many gold-based investment products, and investors are interested because some of them use sharia labels. Therefore, this study aims to identify and investigate gold-based investments from an Islamic perspective. It is hoped that this research can contribute new findings and enrich existing literature regarding gold investment in Indonesia, providing benefits for Muslim investors and the Muslim community in general. This study used qualitative research methods. Semi-structured interviews were conducted with parties who offer gold-based investment products on a large scale. Additional data sources include documents and manuscripts from the National Sharia Council (DSN-MUI) as well as author analysis. These findings show that not all gold-based investments in Indonesia comply with sharia principles. Only gold murabahah conducted by Islamic banking institutions meets sharia compliance.

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Published

2024-06-30

How to Cite

Risman, A., Markonah, M., Mubarok, J., & Saputra, B. L. E. . (2024). The Islamic Perspective of Gold-Based Investment: The Case of Indonesia. Tazkia Islamic Finance and Business Review, 18(1), 1–17. https://doi.org/10.30993/tifbr.v18i1.363

Issue

Vol. 18 No. 1 (2024): TIFBR

Section

Articles

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Copyright (c) 2024 Author and Publisher

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