Fatwa: # 22964
Category: Financial Transactions
Country: India
Date: 2nd November 2012

Title

Is it permissible to invest in Gold and Silver Bullion?

Question

Investing in bullion India. Asalaamalaikum. Is investing online in gold and silver in bullion India permissible? www.bullionindia.in Jazak-Allah.

Answer

In the Name of Allah, the Most Gracious, the Most Merciful.

As-salāmu ‘alaykum wa-rahmatullāhi wa-barakātuh.

The information contained on the website in reference is unclear and vague.

In order for us to issue a ruling, kindly submit the following information for our review:

1. Relevant contractual documentation

2. Contractual procedures and processes

3. Method of procuring and selling gold and silver (Possession, brokerage, etc)

And Allah Ta’āla Knows Best                                       

Ismail Desai,
Student Darul Iftaa
Durban, South Africa

Checked and Concurred by,
Moulana Abdul Azeem Bin Abdul Rahmaan

Student Darul Iftaa

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