Giving gold as a loan

Answered by 

Shaykh Ebrahim Salejee

Q: Is it jaiz to pay gold as a loan to someone and demand the same amount of gold back when he wants to pay back the loan?

Bismillaah

A: Yes.

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

Answered by:

Mufti Ebrahim Salejee (Isipingo Beach)


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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.

Tags: gold, loan

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