Darul Ifta Ibn Masood

Is it permissible to buy gold and silver from online stores?

Published as Purchasing gold and silver online

· 25 Dhuʻl-Qiʻdah 1444 AH1 min readEnglish

Question

Is it permissible to buy gold and silver from online stores?

Answer

There is no problem in purchasing gold and silver from online stores, in lieu of cash.

References (Arabic / Urdu sources)

وَإِنْ اشْتَرَى خَاتَمَ فِضَّةٍ أَوْ خَاتَمَ ذَهَبٍ فِيهِ فَصٌّ أَوْ لَيْسَ فِيهِ فَصٌّ بِكَذَا فَلْسًا وَلَيْسَتْ الْفُلُوسُ عِنْدَهُ فَهُوَ جَائِزٌ تَقَابَضَا قَبْلَ التَّفَرُّقِ أَوْ لَمْ يَتَقَابَضَا لِأَنَّ هَذَا بَيْعٌ وَلَيْسَ بِصَرْفٍ كَذَا فِي الْمَبْسُوطِ (الفتاوي العالمكيري ص224 ج3)

Answered by
Mufti Mohammed Desai
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Source: Darul Ifta Ibn Masood — https://fataawa.co.za/purchasing-gold-and-silver-online/
Fatawa SA: https://fatawa.co.za/fatwa/ibnmasood-24898

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