FatwaNationalTransactions & Finance
Parameter Pelaburan Emas
What are the conditions for a valid gold investment sale according to the fatwa?
Short answer
A gold sale must fulfil all the pillars of sale, namely the contracting parties, the items exchanged and the contract wording.
A reference, not a fatwa. First sentence of the summary below — read the original fatwa and consult your state authority before acting.
- Authority
- National Fatwa Committee (JAKIM)
- Date
- Status
- Fatwa committee decision
- Series
- Kompilasi Pandangan Hukum Muzakarah Jawatankuasa Fatwa MKI (JAKIM, terbitan 2016)
- Topic
- Transactions & Finance
No evidence of gazettement in the source — this is not a gazetted fatwa.
Summary
A gold sale must fulfil all the pillars of sale, namely the contracting parties, the items exchanged and the contract wording. The parties must be of age, sane, competent and willing, while the price and goods must be clear, existing, owned by the seller and deliverable. For gold with the characteristics of a ribawi item, such as bars and coins, mutual handover must occur before the parties leave the contract session and the deal must be on the spot with no deferment. These extra conditions do not apply to gold jewellery.
Written in our own words from the original fatwa — check the source before acting on it.
Berlaku taqabudh (penyerahan) antara kedua-dua item yang terlibat dalam transaksi sebelum kedua-dua pihak bertransaksi berpisah daripada majlis akad.
Read the full fatwa on the National website (new tab)
How to cite
Cite the original fatwa and its authority. Rujuk Fatwa is only where you found it.
National Fatwa Committee (JAKIM). “Parameter Pelaburan Emas”, 15 October 2011. https://www.islam.gov.my/images/ePenerbitan/KOMPILASI_MUZAKARAH_MKI_2016.pdf#parameter-pelaburan-emas. Found via Rujuk Fatwa: https://rujukfatwa.com/en/fatwa/conditions-valid-gold-investment-sale/