Jurnal Ekonomi Syariah
Vol. 6 No. 2 (2025): Agustus 2025

ANALISIS PENERAPAN AKAD MURABAHAH DAN WAKALAH BIL UJRAH PADA INVESTASI EMAS DIGITAL

Milatun Nafiah (Universitas KH. Mukhtar Syafaat Blokagung)
Ani Faujiah (STAI An Najah Indonesia Mandiri Sidoarjo)



Article Info

Publish Date
01 Aug 2025

Abstract

Digitalization of gold transactions triggers sharia compliance debates on ribawi commodities. This qualitative library research (2021–2026) aims to analyze the integration of murabahah and wakalah bil ujrah contracts, evaluate taqabudh hukmi fulfillment, and examine the implications of PSAK 102 on digital gold platforms. The results indicate that Murabahah and Wakalah bil Ujrah contracts integrate independently without ta'alluq, provided the platform offers physical withdrawal flexibility from the start. The taqabudh hukmi aspect is fulfilled through digital constructive possession (takhliyah) backed 100% by physical gold in the custodian vault to avoid fictitious sales (bai' ma'dum), weight precision, and a physical withdrawal option. Furthermore, PSAK 102 effectively acts as a sharia filter through real-time full disclosure of cost prices and profit margins. This study recommends refining the application's user interface to ensure user freedom of choice (ikhtiyar) and stresses the need for cross-sectoral regulatory harmonization for regular cyber technology audits.

Copyrights © 2025






Journal Info

Abbrev

JESDar

Publisher

Subject

Economics, Econometrics & Finance

Description

Journal of Islamic Economics Darussalam is a periodical journal published by Islamic Economics Study Program, Faculty of Islamic Economics and Business, Darussalam Islamic Institute, Blokagung Banyuwangi. This journal specializes in the study of sharia economics, sharia business management, ...