Is it permissible to pay for a commodity with gold instead of currency, when both parties agree on the price in currency, and the price is paid directly with gold without delay?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
If the initial agreement was on a monetary value, and then the sale contract was concluded for the payment of the currency value in gold, there is no issue.
Similarly, there is no objection to concluding a sale contract for a price in cash, and then, at the time of payment, settling it with gold at the day's rate.
However, what is forbidden is purchasing an item with deferred cash, with an agreement to pay it later in gold, due to the condition of immediate exchange (taqabud) in currency exchange (sarf) and the impermissibility of deferment therein.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/195189
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 195189
- 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