Implementation of gold investment account from Islamic perspective : studies in Bank Muamalat Malaysia Berhad / Nur Amanina Zulkifli.

Zulkifli, Nur Amanina (2019) Implementation of gold investment account from Islamic perspective : studies in Bank Muamalat Malaysia Berhad / Nur Amanina Zulkifli. [Student Project] (Unpublished)

Download

[thumbnail of 33717_5.pdf] Text
33717_5.pdf

Download (188kB)

Abstract

Investment is a way to develop one's property ownership from a sum to a larger amount. Among today's popular investment instruments are investment through gold accounts offered in banks. Investors do not need to store physical gold and indirectly this reduce the risk of theft and loss. In addition, it provides good returns with low risk as the price trend for gold is stable and is always in the higher range for the long term. In Malaysia there are many types of banks that offer gold investment account products, but not all this product is in line with shariah principles. Therefore, this study was conducted at Bank Muamalat Malaysia Berhad (BMMB). From a shariah perspective, the products and techniques of gold investment must follow the Islamic principles and laws, so that the financial activities of the Muslim community do not fall apart from the religious foundation. This study examines the implementation of the gold investment account implemented by BMMB to look at how this product operates and assess its legal validity from an Islamic economic perspective. The study found out that parameters of gold investment which are profit is not guaranteed, avoiding gharar, prohibition of riba and others and BMMB MGi is in accordance with the shariah parameters prescribe by Shariah Advisory Council (SAC) of Bank Negara.

Metadata

Item Type: Student Project
Creators:
Creators
Email
Zulkifli, Nur Amanina
2017625566
Subjects: H Social Sciences > HG Finance > Money
H Social Sciences > HG Finance > Money > Precious metals. Bullion
Divisions: Universiti Teknologi MARA, Selangor > Puncak Alam Campus > Academy of Contemporary Islamic Studies (ACIS)
Programme: Diploma in Muamalat
Item ID: 33717
Uncontrolled Keywords: investments, gold investments, financial activities
URI: https://ir.uitm.edu.my/id/eprint/33717

Fulltext

Fulltext is available at:
  • Bilik Koleksi Harta Intelek, Unit Terbitan Bersiri & Elektronik, PTAR Puncak Alam
    Library Terminal Workstation (Digital Format) - Accessible via UiTM Libraries
  • ID Number

    33717

    Indexing


    View in Google Scholar

    Edit Item
    Edit Item