Ruzian Markom

Since prehistoric time, human are using the gold in trading and value keeping asset. Even current financial activities are always surrounding by the gold issue. Gold investment is booming in recent years and the reasons behind this can be explained as the consumers become more aware of the benefit of the gold and its special features. The objective of this study is to examine the shariah compliance of the operations of gold investment in Malaysia and its implications to the consumer. In the course of discussion, the Shariah rulings on gold transaction and the parameter for gold investment were analysed. Findings of the study showed that the financial institutions operating gold investment still need to comply with the Shariah rulings and parameters in ensuring the certainty of the transactions and fairness to the consumers.