Buying gold online

Q: Is buying physical gold and silver bullion halaal or haram? As you know when buying gold online you pay with wire transfer then the payment clears and delivered for few days.

A: If you pay in any currency besides gold and you take physical possession of the gold, then it will be permissible.

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

 

Answered by:

Mufti Zakaria Makada

Checked & Approved:

Mufti Ebrahim Salejee (Isipingo Beach)