Back to search
The question

What is the ruling on purchasing gold through an Islamic loan from an Islamic bank to complete marriage necessities?

Share this answer

Source: FtawySummary from Ftawy's records · added here Sep 2, 20261 min readAlso available in العربية
The answer

If the questioner, by borrowing from the Islamic bank, intends to enter into a Murabaha transaction with it to obtain cash for marriage expenses, then the commodity is considered:

- If it is gold: It is not permissible to sell it in installments.

- If it is a commodity for which immediate possession is not a condition, such as real estate, cars, and metals other than gold and silver: There is no objection to Murabaha, provided it adheres to controls. There is no harm if the questioner intends through it to obtain cash for his needs, which is known as the issue of Tawarruq.

Summary from Ftawy's records · added here

Reviewed by El Fatwa's sharia committee.

Read the full answer on Ftawy
Where this answer came from
Source platform
Ftawy
Original fatwa ID
78176
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