Implementation of Al-Wadiah (saving instrument) Contract In Contemporary Gold Transaction

Autor:	Azizi Abu Bakar, Hydzulkifli Hashim, Aiman bin Fadzil, Amirul Faiz Osman, Mohd Sollehudin Shuib
Rok vydání:	2016
Předmět:	Business transactions 050208 finance Commerce Sharia 0502 economics and business 05 social sciences Economics Gold as an investment Islam 050201 accounting Online trading Principle of legality Database transaction
Zdroj:	Journal of Business. 1:35
ISSN:	2380-405X 2380-4041
DOI:	10.18533/job.v1i4.48
Popis:	Contemporary gold trading is like other retails and online trading. However, according to Islamic business contract, gold is categorized under a special law of transaction items and it must follows a specific law of Islamic business transaction. This article focuses on how wadiah concepts can be applied in the contemporary gold trading. The legality of the wadiah concepts is utmost important to be verified before its implementation. The aims of this article is to substantiate the concepts of wadiah in contemporary gold trading based on the main sources of Islamic law transactions. The finding shows that the wadiah concept is permissible in Islam. Furthermore, the wadiah also play important role in contemporary gold trading. Hence, wadiah contract can helps to resolve the gold trading issues where the physical assets of gold are distance from the buyer.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::811d905ef276e03aef2309ef8d5d8ba9 https://doi.org/10.18533/job.v1i4.48 Zobrazit plný text záznamu