Syirkah Model For Islamic Gold Monetization

Syirkah Model For Islamic Gold Monetization

Musharakah, Rahn, Asset Refinancing, Gold

This study proposes a syirkah model forgold monetizationas a product innovation opportunity alternativein Islamic Financial Institutions (IFI) towards bullion bank activity implementation because of Act of Law No. 4 of 2023 about P2SK. Adescriptive qualitative approach was used in this study offiqh literature from Shariah Standard No. 57 on gold trading and its trading control released by the World Gold Council and AAOIFI, as wellas Fatwa DSN MUI for Musharakah contract. This study was alsovalidated by semi-structured interviews. To clearly define the originality, we use simulation to present and compare the concept with an existing gold-based pawn contract (Ar-Rahnu).Risk-adjustedcalculation to protect the initial value. The resultshowsthat this syirkahmodel can be an alternative to productive gold investment

Hardiansyah1

https://dinastipub.org/DIJEFA/article/view/2488/1679

University of Paramadina

3 May2024

hardiansyah@paramadina.ac.id

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