Legal Reasoning of Credit on Buying and Selling Gold: Mapping The Debate on 'Ilath Al-Hukm

Abstract

This paper is intended to identify the law of buying and selling gold legally. Credit and understand the illat stated to the law. The approach used in this study is more of a normative and legal juridical approach, where the study of secondary sources in the form of books, open books, and articles is carried out to obtain answers to the formulation of the problem. In general, this study has identified that gold transactions on credit among Mashab scholars are haram-mutlaq, with the illat that gold is a Ribawi commodity and is mutlaq tsammaniyah. In contrast to Ibn Taimiyah and Ibn Qayyim and the DSN-MUI fatwa, which allows it as long as gold is not used as a price or money.