Mufti Online — Madrasah Ta'leemuddeen

Is buying physical gold and silver bullion halaal or haram?

Published as Buying gold online

· 9 Dhuʻl-Qiʻdah 1446 AH1 min readEnglish

Question

Is buying physical gold and silver bullion halaal or haram? As you know when buying gold online you pay with wire transfer then the payment clears and delivered for few days.

Answer

If you pay in any currency besides gold and you take physical possession of the gold, then it will be permissible.

And Allah Ta'ala (الله تعالى) knows best.

Answered by
Mufti Zakaria Makada
Checked & approved by
Mufti Ebrahim Salejee (Isipingo Beach)
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Source: Mufti Online — Madrasah Ta'leemuddeen — https://muftionline.co.za/node/35763
Fatawa SA: https://fatawa.co.za/fatwa/muftionline-35763

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