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The question

What is the ruling on purchasing gold with checks?

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Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 20261 min readAlso available in العربية
The answer

For purchasing gold with money, a prerequisite is immediate possession (al-taqabud) at the contracting session. The possession of a certified bank check is considered equivalent to the possession of money. Therefore, if the check is a bank check or certified, it is permissible to purchase gold with it. However, if it is not, then it is not permissible to use it in transactions where immediate possession is a condition.

Summarized from the full answer at Ftawy · imported

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Where this answer came from
Source platform
Ftawy
Original fatwa ID
17300
Imported
Translation status
Source text, unreviewed
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