Is it permissible to sell gold for a loan or to exchange it for old gold with an additional sum of money, based on the premise that gold has become a commodity bought and sold like other commodities, and that paper currency has replaced gold and silver, which were the currencies during the time of the Prophet, peace and blessings be upon him?
The answer to a similar question has already been provided in Fatwa no. 32514.
Summarized from the full answer at Ftawy · reviewed Sep 2, 2026
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