Shari’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:	HB126.4 Islamic Economics HG4501 Stocks, investment, speculation
Online Access:	http://irep.iium.edu.my/63420/ http://irep.iium.edu.my/63420/ http://irep.iium.edu.my/63420/1/63240_Shari%E2%80%99ah%20issues%20in%20gold%20trading.pdf http://irep.iium.edu.my/63420/2/63240_Shari%E2%80%99ah%20issues%20in%20gold%20trading_SCOPUS.pdf

id	iium-63420
recordtype	eprints
spelling	iium-634202018-04-18T06:59:17Z http://irep.iium.edu.my/63420/ Shari’ah issues in gold trading and gold related scam schemes Mohd. Noor, Azman HB126.4 Islamic Economics HG4501 Stocks, investment, speculation 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 Article PeerReviewed application/pdf en http://irep.iium.edu.my/63420/1/63240_Shari%E2%80%99ah%20issues%20in%20gold%20trading.pdf application/pdf en http://irep.iium.edu.my/63420/2/63240_Shari%E2%80%99ah%20issues%20in%20gold%20trading_SCOPUS.pdf Mohd. Noor, Azman (2017) Shari’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: Islamic Banking and Finance). pp. 1-26. 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 HG4501 Stocks, investment, speculation
spellingShingle	HB126.4 Islamic Economics HG4501 Stocks, investment, speculation Mohd. Noor, Azman Shari’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	Shari’ah issues in gold trading and gold related scam schemes
title_short	Shari’ah issues in gold trading and gold related scam schemes
title_full	Shari’ah issues in gold trading and gold related scam schemes
title_fullStr	Shari’ah issues in gold trading and gold related scam schemes
title_full_unstemmed	Shari’ah issues in gold trading and gold related scam schemes
title_sort	shari’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/63420/ http://irep.iium.edu.my/63420/ http://irep.iium.edu.my/63420/1/63240_Shari%E2%80%99ah%20issues%20in%20gold%20trading.pdf http://irep.iium.edu.my/63420/2/63240_Shari%E2%80%99ah%20issues%20in%20gold%20trading_SCOPUS.pdf
first_indexed	2023-09-18T21:29:56Z
last_indexed	2023-09-18T21:29:56Z
_version_	1777412443461386240

Shari’ah issues in gold trading and gold related scam schemes

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