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Implementation of gold investment account from Islamic perspective : studies in Bank Muamalat Malaysia Berhad / Nur Amanina Zulkifli.

Investment is a way to develop one's property ownership from a sum to a larger amount. Among today's popular investment instruments are investment through gold accounts offered in banks. Investors do not need to store physical gold and indirectly this reduce the risk of theft and loss. In...

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Main Author: Zulkifli, Nur Amanina
Format: Student Project
Language:English
Published: 2019
Subjects:
Money
Precious metals. Bullion
Online Access:http://ir.uitm.edu.my/id/eprint/33717/1/33717_5.pdf
http://ir.uitm.edu.my/id/eprint/33717/
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spelling my.uitm.ir.337172021-05-17T03:52:53Z http://ir.uitm.edu.my/id/eprint/33717/ Implementation of gold investment account from Islamic perspective : studies in Bank Muamalat Malaysia Berhad / Nur Amanina Zulkifli. Zulkifli, Nur Amanina Money Precious metals. Bullion Investment is a way to develop one's property ownership from a sum to a larger amount. Among today's popular investment instruments are investment through gold accounts offered in banks. Investors do not need to store physical gold and indirectly this reduce the risk of theft and loss. In addition, it provides good returns with low risk as the price trend for gold is stable and is always in the higher range for the long term. In Malaysia there are many types of banks that offer gold investment account products, but not all this product is in line with shariah principles. Therefore, this study was conducted at Bank Muamalat Malaysia Berhad (BMMB). From a shariah perspective, the products and techniques of gold investment must follow the Islamic principles and laws, so that the financial activities of the Muslim community do not fall apart from the religious foundation. This study examines the implementation of the gold investment account implemented by BMMB to look at how this product operates and assess its legal validity from an Islamic economic perspective. The study found out that parameters of gold investment which are profit is not guaranteed, avoiding gharar, prohibition of riba and others and BMMB MGi is in accordance with the shariah parameters prescribe by Shariah Advisory Council (SAC) of Bank Negara. 2019-12 Student Project NonPeerReviewed text en http://ir.uitm.edu.my/id/eprint/33717/1/33717_5.pdf ID33717 Zulkifli, Nur Amanina (2019) Implementation of gold investment account from Islamic perspective : studies in Bank Muamalat Malaysia Berhad / Nur Amanina Zulkifli. [Student Project] (Unpublished)
institution Universiti Teknologi Mara
building Tun Abdul Razak Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Teknologi Mara
content_source UiTM Institutional Repository
url_provider http://ir.uitm.edu.my/
language English
topic Money
Precious metals. Bullion
spellingShingle Money
Precious metals. Bullion
Zulkifli, Nur Amanina
Implementation of gold investment account from Islamic perspective : studies in Bank Muamalat Malaysia Berhad / Nur Amanina Zulkifli.
description Investment is a way to develop one's property ownership from a sum to a larger amount. Among today's popular investment instruments are investment through gold accounts offered in banks. Investors do not need to store physical gold and indirectly this reduce the risk of theft and loss. In addition, it provides good returns with low risk as the price trend for gold is stable and is always in the higher range for the long term. In Malaysia there are many types of banks that offer gold investment account products, but not all this product is in line with shariah principles. Therefore, this study was conducted at Bank Muamalat Malaysia Berhad (BMMB). From a shariah perspective, the products and techniques of gold investment must follow the Islamic principles and laws, so that the financial activities of the Muslim community do not fall apart from the religious foundation. This study examines the implementation of the gold investment account implemented by BMMB to look at how this product operates and assess its legal validity from an Islamic economic perspective. The study found out that parameters of gold investment which are profit is not guaranteed, avoiding gharar, prohibition of riba and others and BMMB MGi is in accordance with the shariah parameters prescribe by Shariah Advisory Council (SAC) of Bank Negara.
format Student Project
author Zulkifli, Nur Amanina
author_facet Zulkifli, Nur Amanina
author_sort Zulkifli, Nur Amanina
title Implementation of gold investment account from Islamic perspective : studies in Bank Muamalat Malaysia Berhad / Nur Amanina Zulkifli.
title_short Implementation of gold investment account from Islamic perspective : studies in Bank Muamalat Malaysia Berhad / Nur Amanina Zulkifli.
title_full Implementation of gold investment account from Islamic perspective : studies in Bank Muamalat Malaysia Berhad / Nur Amanina Zulkifli.
title_fullStr Implementation of gold investment account from Islamic perspective : studies in Bank Muamalat Malaysia Berhad / Nur Amanina Zulkifli.
title_full_unstemmed Implementation of gold investment account from Islamic perspective : studies in Bank Muamalat Malaysia Berhad / Nur Amanina Zulkifli.
title_sort implementation of gold investment account from islamic perspective : studies in bank muamalat malaysia berhad / nur amanina zulkifli.
publishDate 2019
url http://ir.uitm.edu.my/id/eprint/33717/1/33717_5.pdf
http://ir.uitm.edu.my/id/eprint/33717/
_version_ 1701165813477670912
score 13.211869

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