Transactions & Dealings >> Business

Question # : 23967

India

Assalamualaikum, I am thinking of investing money in Gold, i.e., I will buy Gold for a price value and then wait for the price to raise in the market and then sell it for higher price for my profit. Is this lawful? will the money from this can be halal? Jazakallah.

Answer : 23967

Published on: Jul 23, 2010

بسم الله الرحمن الرحيم


(Fatwa: 1116/879/D=1431)

Purchase the gold in cash and take it in your possession, then you can sell it to someone else. It is not lawful for you to sell it before taking it in your possession or without possession.


Allah knows Best!


Darul Ifta,
Darul Uloom Deoband

Related Question