Question

Buying and Selling Gold in a Jewellery Store

1

Question

Is it halal when purchasing gold in a jewelry store, where the payment is made at a different counter/cashier with the gold handover counter?

Related Fatwa

Buying and Saving Gold Coins Is Not Forbidden If Zakaah Is Paid on Them

Exchanging diamond and gold jewelry

Ruling on trading with gold

Selling gold at a lower price than its market value

Dealing with numismatic gold company

Exchanging Old Gold Items for New Ones and Adding Cash for the Difference

Accepted Answer

All perfect praise be to Allah, The Lord of the Worlds. I testify that there is none worthy of worship except Allah, and that Muhammad, , is His slave and Messenger.

The purchase of gold in the manner described is valid, as long as delivery and possession take place within the same session of the contract. Furthermore, there is no issue with receiving the gold at one counter and paying the amount at another, since the contractual session is considered one, even if the individuals involved differ.

Allah knows best.

Fatwa

Buying and Selling Gold in a Jewellery Store

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Answer

Related Fatwa

Buying and Saving Gold Coins Is Not Forbidden If Zakaah Is Paid on Them

Exchanging diamond and gold jewelry

Ruling on trading with gold

Selling gold at a lower price than its market value

Dealing with numismatic gold company

Exchanging Old Gold Items for New Ones and Adding Cash for the Difference

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