Buying or selling gold on credit

Q: Is a person allowed to buy or sell gold on credit?

A: If the exchange one pays for the gold is not gold and silver, then it is permissible. One should bear in mind that in all credit transactions, the date of payment has to be fixed.

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

 

Answered by:

Mufti Zakaria Makada

Checked & Approved:

Mufti Ebrahim Salejee (Isipingo Beach)