What is the ruling on investing in a company that extracts and sells precious metals, with the purchase of gold to be kept and traded by the company, and receiving a variable percentage of profits based on the duration of withdrawing these profits, provided that the gold is received after the contract expires, with no guarantee of the principal in certain cases?
Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 2026
Guaranteeing and knowing the profit invalidates the (Qirad) and makes the contract akin to Riba (usury). Gold cannot be purchased unless possession is taken at the contract session. Therefore, it is not permissible to purchase it online when actual and constructive possession is delayed.
Summarized from the full answer at Ftawy · imported
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