Home » Hanafi Fiqh » Muftionline.co.za » Selling gold online
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)
This answer was collected from MuftiOnline.co.za, where the questions have been answered by Mufti Zakaria Makada (Hafizahullah), who is currently a senior lecturer in the science of Hadith and Fiqh at Madrasah Ta’leemuddeen, Isipingo Beach, South Africa.
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