FatwaPerakTransactions & Finance
Parameter Pelaburan Emas
What are the conditions for a valid gold investment transaction according to the Perak fatwa?
Short answer
A gold sale must satisfy the Shariah 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
- Perak State Mufti Department
- Status
- Fatwa committee decision
- Series
- Fatwa Yang Tidak Diwartakan
- Topic
- Transactions & Finance
No evidence of gazettement in the source — this is not a gazetted fatwa.
Summary
A gold sale must satisfy the Shariah pillars of sale, namely the contracting parties, the items exchanged and the contract wording. The price and goods must be clearly known, the gold must exist, be owned by the seller and be deliverable. For gold with the characteristics of a ribawi item, such as bars and coins, both items must be handed over before the parties leave the contract session and the deal must be on the spot with no deferment. These additional conditions do not apply to gold jewellery.
Written in our own words from the original fatwa — check the source before acting on it.
Oleh kerana emas dan wang adalah dua item ribawi yang mempunyai 'illah yang sama, maka syarat tambahan bagi tranksaksi pembelian atau penjualan emas mestilah memenuhi syarat berikut:
Read the full fatwa on the Perak website (new tab)
How to cite
Cite the original fatwa and its authority. Rujuk Fatwa is only where you found it.
Perak State Mufti Department. “Parameter Pelaburan Emas”, date not stated. https://mufti.perak.gov.my/images/Fatwa%20tidak%20warta/32.PARAMETER%20PELABURAN%20EMAS.pdf. Found via Rujuk Fatwa: https://rujukfatwa.com/en/fatwa/conditions-valid-gold-investment-transaction/