Shariah Issues in gold trading and gold related schemes

Gold trading is very common and prestigious in most of the societies. Recently, many packages or schemes that are related to gold have appeared and developed in Malaysia, but they are subjected to questions and disputable as most of them are not free from riba. Riba has been discussed extensively by Muslim scholars in the contemporary issues of Islamic Banking and Finance areas. Although some types of riba are not explained clearly in the Quran, there are enormous compilations of hadith that detail out the occurrence of riba in the trading of the ribawi items, including gold. This paper will discuss the issues of riba, which arise from the gold trading as well as the related schemes. Alshajarah jounal- halal haram in gold trading latestm 310717

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