What is the ruling on purchasing gold with checks?
Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 2026
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
Read the full answer on Ftawyhttps://ftawy.com/en/questions/17300
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- Ftawy
- Original fatwa ID
- 17300
- Imported
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- Source text, unreviewed
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