Is it permissible to invest in Gold and Silver Bullion?
Question
Investing in bullion India. Asalaamalaikum. Is investing online in gold and silver in bullion India permissible? www.bullionindia.in Jazak-Allah.
Answer
In the Name of Allah, the Most Gracious, the Most Merciful.
As-salāmu ‘alaykum wa-rahmatullāhi wa-barakātuh.
The information contained on the website in reference is unclear and vague.
In order for us to issue a ruling, kindly submit the following information for our review:
1. Relevant contractual documentation
2. Contractual procedures and processes
3. Method of procuring and selling gold and silver (Possession, brokerage, etc)
And Allah Ta’āla Knows Best
Ismail Desai,
Student Darul Iftaa
Durban, South Africa
Checked and Concurred by,
Moulana Abdul Azeem Bin Abdul Rahmaan
Student Darul Iftaa
- Answered by
- Ismail Desai
- Checked by
- Moulana Abdul Azeem Bin Abdul Rahmaan
Fatawa SA is an independent, read-only index of fatawa already published by Darul Iftaa Mahmudiyyah (AskImam). It is not a fatwa service. For your own situation, ask the issuing Darul Ifta directly.