Sharī'ah issues in gold trading and gold related scam schemes

Gold trading is very common and prestigious in most of the societies.Recently, many packages or schemes that are related to gold haveappeared and developed in Malaysia, but they are subjected toquestions and disputes, as most of them are not free from riba. Ribahas been discussed extensively by Musl...

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Main Author: Mohd Noor, Azman
Format: Article
Language:English
English
Published: IIUM Press, International Islamic University Malaysia 2017
Subjects:
Online Access:http://irep.iium.edu.my/63107/
http://irep.iium.edu.my/63107/
http://irep.iium.edu.my/63107/1/63107_Shar%C4%AB%27ah%20issues%20in%20gold%20trading%20and%20gold_scopus.pdf
http://irep.iium.edu.my/63107/7/63107_Shar%C4%AB%27ah%20issues%20in%20gold%20trading%20and%20gold.pdf
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recordtype eprints
spelling iium-631072018-04-23T01:10:07Z http://irep.iium.edu.my/63107/ Sharī'ah issues in gold trading and gold related scam schemes Mohd Noor, Azman HB126.4 Islamic Economics HG179 Personal finance HG3368 Islamic Banking and Finance Gold trading is very common and prestigious in most of the societies.Recently, many packages or schemes that are related to gold haveappeared and developed in Malaysia, but they are subjected toquestions and disputes, as most of them are not free from riba. Ribahas been discussed extensively by Muslim scholars in thecontemporary issues of Islamic Banking and Finance area. Althoughsome types of riba are not explained clearly in the Quran, there areenormous compilations of hadith that detail out the occurrence ofriba in the trading of the ribawi items, including gold. This paperwill discuss the issues of riba, which arise from gold trading as wellas gold related scam schemes. The research method used in thispaper is by explaining how riba takes place in gold trading withdeferment (riba al-nasi’ah), arguments to allow the deferment andrefutations and some models of gold scam schemes. The majoroutcomes of the paper is to expose to the public the permissible wayof gold trading, tricks used by gold scammers, the models of theprogram, riba issue and other related Shari’ah issue. IIUM Press, International Islamic University Malaysia 2017-12 Article PeerReviewed application/pdf en http://irep.iium.edu.my/63107/1/63107_Shar%C4%AB%27ah%20issues%20in%20gold%20trading%20and%20gold_scopus.pdf application/pdf en http://irep.iium.edu.my/63107/7/63107_Shar%C4%AB%27ah%20issues%20in%20gold%20trading%20and%20gold.pdf Mohd Noor, Azman (2017) Sharī'ah issues in gold trading and gold related scam schemes. Al-Shajarah: Journal of the International Institute of Islamic Thought and Civilization (ISTAC), 2017 (Special Issue Education). pp. 61-84. ISSN 1394-6870 http://journals.iium.edu.my/shajarah/index.php/shaj/article/view/609
repository_type Digital Repository
institution_category Local University
institution International Islamic University Malaysia
building IIUM Repository
collection Online Access
language English
English
topic HB126.4 Islamic Economics
HG179 Personal finance
HG3368 Islamic Banking and Finance
spellingShingle HB126.4 Islamic Economics
HG179 Personal finance
HG3368 Islamic Banking and Finance
Mohd Noor, Azman
Sharī'ah issues in gold trading and gold related scam schemes
description Gold trading is very common and prestigious in most of the societies.Recently, many packages or schemes that are related to gold haveappeared and developed in Malaysia, but they are subjected toquestions and disputes, as most of them are not free from riba. Ribahas been discussed extensively by Muslim scholars in thecontemporary issues of Islamic Banking and Finance area. Althoughsome types of riba are not explained clearly in the Quran, there areenormous compilations of hadith that detail out the occurrence ofriba in the trading of the ribawi items, including gold. This paperwill discuss the issues of riba, which arise from gold trading as wellas gold related scam schemes. The research method used in thispaper is by explaining how riba takes place in gold trading withdeferment (riba al-nasi’ah), arguments to allow the deferment andrefutations and some models of gold scam schemes. The majoroutcomes of the paper is to expose to the public the permissible wayof gold trading, tricks used by gold scammers, the models of theprogram, riba issue and other related Shari’ah issue.
format Article
author Mohd Noor, Azman
author_facet Mohd Noor, Azman
author_sort Mohd Noor, Azman
title Sharī'ah issues in gold trading and gold related scam schemes
title_short Sharī'ah issues in gold trading and gold related scam schemes
title_full Sharī'ah issues in gold trading and gold related scam schemes
title_fullStr Sharī'ah issues in gold trading and gold related scam schemes
title_full_unstemmed Sharī'ah issues in gold trading and gold related scam schemes
title_sort sharī'ah issues in gold trading and gold related scam schemes
publisher IIUM Press, International Islamic University Malaysia
publishDate 2017
url http://irep.iium.edu.my/63107/
http://irep.iium.edu.my/63107/
http://irep.iium.edu.my/63107/1/63107_Shar%C4%AB%27ah%20issues%20in%20gold%20trading%20and%20gold_scopus.pdf
http://irep.iium.edu.my/63107/7/63107_Shar%C4%AB%27ah%20issues%20in%20gold%20trading%20and%20gold.pdf
first_indexed 2023-09-18T21:29:31Z
last_indexed 2023-09-18T21:29:31Z
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