FatwaPerakTransactions & Finance
Fatwa Mengenai Hukum Jual Beli Dan Pelaburan Emas Yang Dijalankan Oleh Syarikat Geneva Malaysia Sdn. Bhd.
What is the ruling on the gold trading and investment conducted by Geneva Malaysia Sdn. Bhd.?
Short answer
The Perak Fatwa Committee stated that gold trading and investment must fulfil all the pillars of sale under Islamic law and be free from usury, gambling, excessive uncertainty (gharar) and injustice.
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
- Date
- Status
- Gazetted
- Series
- Fatwa Yang Diwartakan
- Topic
- Transactions & Finance
Gazette evidence in the source: Pk.P.U.56
Summary
The Perak Fatwa Committee stated that gold trading and investment must fulfil all the pillars of sale under Islamic law and be free from usury, gambling, excessive uncertainty (gharar) and injustice. Based on Bank Negara Malaysia's report and investigation, the company's transactions were decided not to fully comply with the Gold Investment Parameters endorsed by the 96th National Fatwa Committee Muzakarah. Muslims are advised not to take part in gold activities by any party that contravene Islamic principles or national law.
Written in our own words from the original fatwa — check the source before acting on it.
transaksi jual beli dan pelaburan emas yang dilaksanakan oleh Syarikat Genneva Malaysia Sdn. Bhd. tidak mematuhi sepenuhnya Parameter Pelaburan Emas
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. “Fatwa Mengenai Hukum Jual Beli Dan Pelaburan Emas Yang Dijalankan Oleh Syarikat Geneva Malaysia Sdn. Bhd.”, 30 August 2018. https://mufti.perak.gov.my/images/Fatwa/36.pelaburanemasGeneva.pdf. Found via Rujuk Fatwa: https://rujukfatwa.com/en/fatwa/ruling-gold-investment-geneva-malaysia/