A Comparative Study of Gold Investment Account Between Kuwait Finance House Malaysia Berhad and Public Bank Berhad

This research focuses gold investment account which offered by Kuwait Finance House Malaysia Berhad and Public Bank Berhad. This research is to know the comparison of both banks in term of their transaction on gold investment account. Now days, the public realize the importance of gold. So, there are some banks which offered their product base on gold which known as gold investment account or gold saving account. So far, the one of the emerging popular types of investment in Malaysia today is gold investment because it have a value and known as precious metal. As before, many researchers just do a research base on Dinar gold which is first establish in Kelantan. But, there is a little research on this particular investment product. Since, gold is relates to ribawi items, so it is important to the investor to know how gold is transacted whether it is followed to Shariah guideline or not. The objectives of this research, which is qualitative research methods including content analysis and interviews were used. The study utilized personal interviews with scholars, bank managers and studying books, journals, magazines, newspaper as well as the empirical analysis from the available evidence such as documents published by Fatwa Committee of the National Council for Islamic Religious Affairs Malaysia. The study found that from both banks KFHMB and PBB, there just a few differences based on their transaction. The appearance of subject matter (physical gold) in such contract and way of transaction by on the spot is a main important part to ensure that transaction is really Shariah manner