Analysis of Non-Cash Gold Trading Practices in Indonesia Based on Fatwa DSN-MUI No. 77/DSN-MUI/V/2010

Abstract

This research aims to analyze the practice of non-cash gold buying and selling in Indonesia based on the Fatwa DSN-MUI No: 77/DSN-MUI/V/2010. The research method used is literature study. The results show that the non-cash gold buying and selling practice in Indonesia still needs further attention, as there are obstacles in this practice such as lack of transparency in gold prices, difficulty in determining gold buying and selling prices, and difficulty in understanding the mechanism of non-cash gold buying and selling. The Fatwa DSN-MUI No: 77/DSN-MUI/V/2010 provides clear guidance on the practice of gold buying and selling, but there are still practices that do not comply with the fatwa. Efforts are needed to increase awareness and compliance of business actors to the Fatwa DSN-MUI No: 77/DSN-MUI/V/2010, improve non-cash gold buying and selling systems, increase the role of regulators, and provide better education on non-cash gold buying and selling practices for the public. By taking these implications, non-cash gold buying and selling practices in Indonesia can be developed better and in accordance with the Fatwa DSN-MUI No: 77/DSN-MUI/V/2010.