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The question

Is dealing with an intermediary company for buying and selling gold on the international stock exchange, which includes what is called "selling first," considered a Salam sale, and is it permissible to deal with it without leverage while paying the money in advance?

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Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 20261 min readAlso available in العربية
The answer

The permissibility of investment methods in gold hinges on the occurrence of taqabud (mutual possession) during the contract session, either actually or constructively. Constructive possession is realized by isolating and designating the gold and enabling the buyer to dispose of it. It is impermissible to sell an unspecified gold bar or without actual possession. As for salam (forward contract) in gold, it is not permissible unless the capital is not from prices (athman) or currencies, because salam requires deferment and postponement. Salam in gold is not permissible with gold, silver, or currency.

Summarized from the full answer at Ftawy · imported

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Where this answer came from
Source platform
Ftawy
Original fatwa ID
194542
Imported
Translation status
Source text, unreviewed
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