Is it permissible to purchase an ounce of gold with a partial upfront payment, and receive it later at the same agreed-upon price, knowing that the shop does not deliver the gold immediately and sells it by order?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
It is not permissible to enter into a contract for the purchase of gold and defer its possession, because it is one of the usurious commodities for which immediate possession is a condition at the time of the contract. However, a non-binding promise to buy is permissible, followed by the sale after the seller takes possession of the gold, and possession occurs upon payment of the price.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/181342
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 181342
- 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