BULLION SEBAGAI ALTERNATIF INVESTASI DALAM KEUANGAN PUBLIK ISLAM
Keywords:
Bullion, Investment, Islamic Public Finance, Gold, Asset DiversificationAbstract
This study aims to analyze bullion as an alternative investment instrument within the Islamic public finance system. Bullion, commonly in the form of gold and silver bars, is categorized as a real asset with intrinsic value and relative stability against inflation. From the perspective of Islamic economics, gold and silver historically function as a medium of exchange and a store of value, provided that their management avoids riba, gharar and excessive speculation. This research employs a qualitative approach using a descriptive-analytical library research method. Data were collected from academic literature, regulations, and relevant studies on Islamic economics and finance. The findings indicate that bullion has the potential to serve as a safe haven asset, preserve the value of public wealth, and support portfolio diversification in Islamic public financial management. Furthermore, bullion can function as a hedging instrument against global economic instability. However, proper governance, transparent management, secure storage systems, and appropriate Islamic accounting mechanisms are necessary to ensure efficiency and compliance with maqashid al-shariah principles. Bullion holds strategic potential as a stable and value-based alternative investment within the Islamic public finance framework.
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