FatwaPenangTransactions & Finance
HUKUM JUAL BELI DAN PELABURAN EMAS YANG DIKENDALIKAN OLEH SYARIKAT GENNEVA MALAYSIA SDN. BHD.
What is the ruling on gold trading and investment operated by Genneva Malaysia Sdn. Bhd.?
Short answer
The Penang State Fatwa Committee decided that the gold trading and investment transactions of this company do not fully comply with the Gold Investment Parameters endorsed by the 96th National Fatwa Committee Muzakarah.
A reference, not a fatwa. First sentence of the summary below — read the original fatwa and consult your state authority before acting.
- Authority
- Penang State Mufti Department
- Date
- Status
- Fatwa committee decision
- Series
- Keputusan Fatwa Negeri Pulau Pinang (e-Fatwa)
- Topic
- Transactions & Finance
No evidence of gazettement in the source — this is not a gazetted fatwa.
Summary
The Penang State Fatwa Committee decided that the gold trading and investment transactions of this company do not fully comply with the Gold Investment Parameters endorsed by the 96th National Fatwa Committee Muzakarah. The decision is based on the report and investigation of Bank Negara Malaysia. Gold transactions must fulfil all the pillars of sale and be free from riba, gambling, excessive gharar and injustice. Muslims are advised not to take part in gold transactions that contradict Shariah principles or national law.
Written in our own words from the original fatwa — check the source before acting on it.
Mesyuarat Jawatakuasa Fatwa Negeri Pulau Pinang Bil. 1/2013 yang bersidang pada 30 Januari 2013 telah membincangkan berkenaan Hukum Jual Beli Dan Pelaburan Emas Yang Dikendalikan Oleh Syarikat Genneva Malaysia Sdn. Bhd.
Read the full fatwa on the Penang website (new tab)
How to cite
Cite the original fatwa and its authority. Rujuk Fatwa is only where you found it.
Penang State Mufti Department. “HUKUM JUAL BELI DAN PELABURAN EMAS YANG DIKENDALIKAN OLEH SYARIKAT GENNEVA MALAYSIA SDN. BHD.”, 30 January 2013. http://efatwa.penang.gov.my/fatwa_details.php?fatwaid=420. Found via Rujuk Fatwa: https://rujukfatwa.com/en/fatwa/penang-fatwa-on-genneva-gold-trading-investment/