Sharia Compliance of Digital Gold Installment Transactions: A Fiqh Muamalah Perspective from Tangsimekar Village, Indonesia

Pian Sopian; Ohan Wahyu Nurjaman; Dede Suhala

doi:10.59890/ijsss.v4i3.259

Authors

Pian Sopian STAI Bhakti Persada Majalaya Bandung
Ohan Wahyu Nurjaman STAI Bhakti Persada Majalaya Bandung
Dede Suhala STAI Bhakti Persada Majalaya Bandung

DOI:

https://doi.org/10.59890/ijsss.v4i3.259

Keywords:

Fiqh Muamalah, Digital Gold, Installment Sale Contract, Islamic Commercial Law, Sharia Compliance, Digital Finance

Abstract

The rapid development of digital financial technology has significantly transformed commercial transactions, including the practice of gold trading through digital applications. Digital gold installment transactions have become increasingly popular because they provide easier access, affordability, and investment opportunities for the public. This study aims to analyze the implementation of digital gold installment sale contracts from the perspective of Fiqh Muamalah through a case study conducted in Tangsimekar Village, Paseh District, Bandung Regency. The research employed a qualitative approach using a descriptive case study design. Data were collected through observations, semi-structured interviews, and documentation involving digital gold investors, community members, religious leaders, and relevant stakeholders. The collected data were analyzed using the interactive model proposed by Miles, Huberman, and Saldaña, consisting of data reduction, data display, and conclusion drawing. The findings indicate that digital gold installment transactions generally fulfill several essential contractual requirements, including mutual consent between the contracting parties and transparent payment procedures. Nevertheless, several issues remain concerning the implementation of qabd (constructive possession), delayed ownership transfer, and public understanding of Sharia-compliant digital investment mechanisms. The study concludes that although digital gold installment transactions provide practical financial benefits, their Sharia compliance depends largely on the proper implementation of Islamic contractual principles, regulatory compliance, transparency, and adherence to the fatwas governing gold trading in Islamic finance. Strengthening public literacy regarding Islamic financial transactions and enhancing Sharia supervision are essential to ensuring that digital gold installment practices remain consistent with the objectives of Islamic law (Maqāṣid al-Sharī'ah)

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