Selling gold online

Answered according to Hanafi Fiqh by

Q: I intend to begin online precious metals trading (buying and selling gold online for example), and I saw in this forum that “purchasing gold online in exchange of money” is permissible. Can you please explain what does it mean exactly?


A: If you are going to physically receive the gold and thereafter sell it, then it will be permissible.

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


Answered by:

Mufti Ebrahim Salejee (Isipingo Beach)