Selling gold online

Answered according to Hanafi Fiqh by Muftionline.co.za

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?

Bismillaah

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)

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