(+92) 0317 1118263
Online Fatwa Darulifta Binoria Fatwa Binoria

Ruling on Purchasing Gold on Credit

Financial Transactions,Buying and Selling,Ruling on Purchasing Gold on Credit

Fatwa No :
82266
| Date :
0000-00-00

Fatwa No : 82266
Ruling on Purchasing Gold on Credit
معاملات / مالی معاوضات / خرید و فروخت

Ruling on Purchasing Gold on Credit

In the name of Allah, the Most Gracious, the Most Merciful.
Respected scholars and senior muftis, what is your ruling on the following issue: if gold is purchased in exchange for money, and after taking possession of the gold some or all of the purchase price is deferred (i.e., made a loan) for a period of time, would this sale be permissible or not? Kindly provide a detailed, well-reasoned answer for both scenarios (where some of the price is deferred and where the entire price is deferred).
Wassalam.

الجوابُ حامِدا ًو مُصلیِّا ً

Yes! Although conducting the transaction in this manner would still be considered valid and permissible according to Shariah, it is preferable to avoid deferring payment in such dealings.

مأخَذُ الفَتوی

کمافی تکملۃ فتح الملھم: واما الاوراق النقدیۃ وھی التی تسمیٰ نوت(الیٰ قولہ)ان المختار عندنا قول من یجعلھا ثمناً اصطلاحیاً وحینئذ تجری علیھا احکام الفلوس النافقۃ اھ(1/590)۔
وفی المبسوط للسرخسی: [باب البيع بالفلوس] وإذا اشترى الرجل فلوسا بدراهم ونقد الثمن، ولم تكن الفلوس عند البائع فالبيع جائز؛ لأن الفلوس الرابحة ثمن كالنقود، وقد بينا أن حكم العقد في الثمن وجوبها ووجودها معا، ولا يشترط قيامها في ملك بائعها لصحة العقد كما يشترط ذلك في الدراهم والدنانير. وإن استقرض الفلوس من رجل ودفع إليه قبل الافتراق أو بعده فهو جائز إذا كان قد قبض الدراهم في المجلس لأنهما قد افترقا عن عين بدين، وذلك جائز في عين الصرف اھ(14/24)۔

And Allah knows best
Darulifta Jamia Binoria Aalamia

Fatwa No 82266 Verify Now
| | | | | | Unicode  | English
0     341
Related Fatawa Related Fatawa

  • Is it permissible to purchase land through these documents

    Scanned   English   1 Buying and Selling

  • While booking in projects which are under construction

    Scanned   English   0 Buying and Selling

  • installments is taken place according to the the conditions

    Scanned   English   0 Buying and Selling

  • items in Peshawar attained through smuggling and is sold at a cheap price

    Unicode   Scanned   English   1 Buying and Selling

  • it is permissible to exchange currencies of different countries

    Scanned   English   0 Buying and Selling

  • Buying/Selling Merchandise that Is not in One's Ownership

    Unicode   Scanned   English   0 Buying and Selling

  • In an extended family, one brother works

    Scanned   English   0 Buying and Selling

  • Giving the buyer more than what was agreed upon in the contract of sale

    Unicode   Scanned   English   1 Buying and Selling

  • Ruling on trade and cultivation of opium, cannabis and hashish

    Unicode   English   1 Buying and Selling

  • Taking increased price for selling vehicles on installments

    Unicode   English   0 Buying and Selling

  • Is a special limit of profit in property sale and other business dealings?

    Unicode   English   0 Buying and Selling

  • Taking increased price for selling on installments

    Unicode   English   0 Buying and Selling

  • Ruling on charging excess amount in credit sales than that of a cash sale

    Unicode   English   0 Buying and Selling

  • charging excess amount than the market price in installments

    Unicode   English   0 Buying and Selling

  • Ruling of purchasing ignorantly a house from a seller who had illegally possessed

    Unicode   English   0 Buying and Selling

  • Purchasing products of a Mirazai owned company

    Unicode   English   0 Buying and Selling

  • Selling the mosque's water to the bankers

    Unicode   English   0 Buying and Selling

  • Charging a higher price by the seller in case the buyer fails to pay by the agreed date

    Unicode   English   0 Buying and Selling

  • Buying the entire land without the owner's permission

    Unicode   English   0 Buying and Selling

  • Buying a Car from the Bank on Installments

    Unicode   English   0 Buying and Selling

  • Buying something for a needy person and selling it to them on credit with a profit.

    Unicode   English   0 Buying and Selling

  • Ruling on Leasing a Car through Meezan Bank

    Unicode   English   0 Buying and Selling

  • Selling One's Share of Joint Land in Exchange for a Loan

    Unicode   English   0 Buying and Selling

  • The Ruling on Buying and Selling Goods on Installments

    Unicode   English   0 Buying and Selling

  • The ruling on the exchange of different currencies.

    Unicode   English   0 Buying and Selling
...
Related Topics Relative Topics