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    Question ID: 45583Country: India

    Title: Purchasing of gold

    Question: My question is that is it permissible in Islam to buy gold when the rate is all time low in the market and then sell it when the rate is all time high with is intention of earning profit by investing money in gold. Is earning profit in this method halal or haram in Shariah?

    Answer ID: 45583

    Bismillah hir-Rahman nir-Rahim !

    (Fatwa: 788/621/H=1434) It is lawful to buy gold and sell it when the price increases provided the gold is sold after taking into possession. The money which one will get shall be halal.

    Allah (Subhana Wa Ta'ala) knows Best

    Darul Ifta,

    Darul Uloom Deoband, India