Is it permissible to purchase gold with a certified check that cannot be cashed immediately due to the unavailability of liquidity in banks, and can only be disbursed when liquidity becomes available?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
It is not permissible to buy gold with a certified check that has no transferable balance, because it is considered a post-dated check and does not fulfill the requirement of immediate possession (taqabud). The check considered valid for constructive possession (qabd hukmi) is one that meets the conditions and has a transferable balance, in accordance with the resolution of the Islamic Fiqh Academy.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/188244
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 188244
- 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