Gold Investment Practices in Malaysia : A Shariah Review

Abstract

This paper reviews the concept of gold investment practice in the context of Malaysia, as well as to evaluate the application of Islamic concept in gold investment. This paper discusses the views of Islamic scholars on gold transaction and the implementation of syariah rules and regulation practices in Malaysia. The methodology adopted was document research and analysis. The study concludes that Islamic gold investment is a good tool of investment and complies with the syariah law.  This research also suggests that gold investment as a good opportunity to Muslim over the world in order to generate income income to fulfill their daily needs..