FatwaNationalTransactions & Finance
Hukum Jual Beli Dan Pelaburan Emas Yang Dijalankan Oleh Syarikat Genneva Malaysia Sdn. Bhd.
Is the gold trading and investment conducted by Genneva Malaysia Sdn. Bhd. permissible in Islam?
Short answer
The Muzakarah stressed that gold trading and investment must fulfil all the pillars of sale under Shariah and be free from riba, gambling, excessive 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
- 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
The Muzakarah stressed that gold trading and investment must fulfil all the pillars of sale under Shariah and be free from riba, gambling, excessive gharar and injustice. Based on Bank Negara Malaysia's investigation, the transactions of Genneva Malaysia Sdn. Bhd. did not fully comply with the Gold Investment Parameters endorsed at the 96th Muzakarah. Muslims are advised not to take part in gold trading or investment by any party, local or foreign, that contravenes Shariah principles or national law.
Written in our own words from the original fatwa — check the source before acting on it.
Sesuatu transaksi jualbeli adalah dikira tidak sah sekiranya tidak memenuhi salah satu rukun jual beli.
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). “Hukum Jual Beli Dan Pelaburan Emas Yang Dijalankan Oleh Syarikat Genneva Malaysia Sdn. Bhd.”, 6 July 2012. https://www.islam.gov.my/images/ePenerbitan/KOMPILASI_MUZAKARAH_MKI_2016.pdf#hukum-jual-beli-dan-pelaburan-emas-yang-dijalankan-oleh-syarikat-genneva-malaysia-sdn-bhd. Found via Rujuk Fatwa: https://rujukfatwa.com/en/fatwa/ruling-gold-trading-investment-genneva-malaysia/