Is trading gold, buying and selling, through a banking application—whereby gold can be requested in the form of an ingot after paying coinage fees—permissible or impermissible (halal or haram)?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
The sale and purchase of gold for currency requires the realization of actual or constructive possession during the contract session. If this condition is met, then there is no objection to trading gold by buying and selling; otherwise, it is not permissible.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/195149
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 195149
- Added here
- . This is when the answer was added to El Fatwa, not the fatwa's date.
- Text
- Summary from Ftawy's records, reviewed by El Fatwa's sharia committee.
- Read the full ruling
- Read the full answer on Ftawy