ANALISIS INVESTASI EMAS DIGITAL PADA DANA EMAS BERDASARKAN FATWA DSN-MUI STUDI PADA GENERASI Z
DOI:
https://doi.org/10.59166/mizanuna.v4i1.595Keywords:
Investasi Emas Digital, DANA eMAS, Generation Z, DSN-MUI Fatwa, Qabdh HukmiAbstract
The development of financial technology has encouraged the emergence of various forms of digital-based investment, one of which is gold investment through the Gold Fund application. Ease of access and low minimum purchase requirements make digital gold investment increasingly attractive to Generation Z. However, these digital gold transactions raise questions regarding their compliance with Islamic legal principles, particularly regarding gold ownership and the handover mechanism (qabdh). This study aims to analyze the practice of digital gold investment through Gold Funds among Generation Z and assess their compliance with the DSN-MUI fatwa number 77/dsn-mui/v/2010 concerning non-cash gold trading. This study uses a qualitative research method with an empirical juridical approach. Data were obtained through interviews with five Generation Z users of the Gold Fund application and a literature review related to digital gold investment and Islamic economic law. Data analysis was carried out through data reduction, data presentation, and drawing conclusions. The results show that the use of Gold Funds is driven by factors such as ease of access, capital affordability, and trust in digital platforms. Based on DSN-MUI fatwa no. According to Decree No. 77/dsn-mui/v/2010, digital gold investment in gold funds complies with Sharia principles due to the clarity of transaction objects, recorded gold ownership, price transparency, and legal control (qabdh hukmi) over the gold owned. However, there are still differences in user understanding of Sharia aspects, particularly regarding the digital gold handover mechanism. Therefore, improving Sharia literacy is necessary for users to understand the digital gold investment mechanism more comprehensively.
References
Arafat, M., & Krismono. (2022). Tinjauan hukum Islam terhadap investasi emas online melalui Tokopedia Emas. At-Thullab: Jurnal Mahasiswa Studi Islam, 4(1), 858–872. https://doi.org/10.20885/tullab.vol4.iss1.art3
Arifin, B., & Nisa, H. (2022). Jual-beli emas non-tunai: Fatwa DSN-MUI, pandangan ulama’ klasik dan modern. At-Tahdzib: Jurnal Studi Islam dan Mu’amalah, 10(2).
A’yun, I. (2025). Investasi emas digital di Indonesia; Tinjauan sistemik maqashid syariah. JIOSE: Journal of Indonesian Sharia Economics, 4(2), 203–220. https://doi.org/10.35878/jiose.v4i2.1828
Bela, S. C. (2023). Praktik investasi emas digital di aplikasi DANA dalam perspektif hukum Islam [Skripsi, Universitas Islam Negeri Sunan Ampel Surabaya].
Chaniago, A., & Muhibbussabry. (2026). Analisis investasi emas online pada aplikasi Dinaran berdasarkan tinjauan Fatwa MUI No. 77/DSN-MUI/V/2010. Jurnal Alwatzikhoebillah: Kajian Islam, Pendidikan, Ekonomi, Humaniora, 12(1), 339–352. https://doi.org/10.37567/alwatzikhoebillah.v12i1.5047
Dewan Syariah Nasional–Majelis Ulama Indonesia. (2010). Fatwa Dewan Syariah Nasional–Majelis Ulama Indonesia Nomor 77/DSN-MUI/V/2010 tentang jual-beli emas secara tidak tunai. Jakarta: Dewan Syariah Nasional–Majelis Ulama Indonesia.
Firdaus, A. (2023). Evaluasi penerapan akad dalam investasi emas digital. Jurnal Ekonomi Syariah Nusantara, 9(2), 99–112.
Ghodiva, E. S., & Nugroho, L. (2025). Shariah compliance for digital gold savings in the fintech era. Proceedings of the 2nd International Students Conference on Islamic Economics.
Hanafiyah, H., & Ilyas, M. (2023). Riba implications in digital gold trading: A Shariah review. International Journal of Islamic Economics and Finance Studies, 9(1), 47–62.
Musnadi, Z., Rizqiani, H. A., & Muyasarah, I. (2025). An analytical study of DSN Fatwa No. 77/DSN-MUI/V/2010 on non-cash gold trading. EKOBIS-DA: Jurnal Ekonomi dan Bisnis, 6(2).
Nadid, E., & Fathurrohman SW, O. (2024). Analisis hukum Islam terhadap transaksi jual beli emas non tunai dan batasan minimal gramasi pada fitur eMAS dalam aplikasi DANA. Jurnal Masharif al-Syariah: Jurnal Ekonomi dan Perbankan Syariah, 9(5), 3672–3687. https://doi.org/10.30651/jms.v9i5.24838
Putra, R. A., Anita, S. Y., & Satriawan, D. (2025). Pengaruh literasi keuangan digital, herding, dan overconfidence terhadap keputusan investasi emas digital di aplikasi Dompet Digital DANA dalam perspektif bisnis Islam (Studi pada investor emas digital Generasi Z aplikasi DANA di Bandar Lampung). Journal of Accounting, Economics and Management Business, 5(3). https://doi.org/10.55606/jaemb.v5i3.6487
Rahma, M. N., & Hanifuddin, I. (2021). Status kepemilikan emas virtual di aplikasi Shopee perspektif Fatwa DSN-MUI tentang jual beli emas secara tidak tunai. Invest Journal of Sharia & Economic Law, 1(2), 89–105.
Rozalina, V. A., & Nikmah, N. (2024). Investasi emas online aplikasi Pluang berdasarkan tinjauan Fatwa DSN-MUI No. 77/DSN-MUI/V/2010. Islamic Economics and Business Review, 3(1).
Ramadhani, O., & Khoirunisa. (2025). Generasi Z dan teknologi: Gaya hidup Generasi Z di era digital. Jurnal Pendidikan dan Ilmu Sosial, 3(1), 323–331. https://doi.org/10.54066/jupendis.v3i1.2916
Rikantasari, S., Kholishudin, & Ghozali, M. L. (2025). Investasi emas digital perspektif Shaykh Wahbah Al Zuhayli dan Fatwa DSN-MUI. Al-Musthofa: Journal of Sharia Economics, 8(2). https://doi.org/10.58518/al-musthofa.v8i2.4460
Sari, Z. P., Mardhiah, S., & Albart, N. (2025). Systematic literature review: Pengaruh financial technology terhadap minat investasi pada Generasi Z tahun 2024. Jurnal Bisnis Mahasiswa, 5(1). https://doi.org/10.60036/jbm.v5i1.306
