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  • Islamic Sharia

    Gold Loan

    Posted by Tanweer ali khan on August 28, 2025 at 9:39 am

    Salam,

    I was asking about the Gold loans ( the worth of the gold is offered as loan but there is a markup) offered by pakistani banks nowadays, Is it permissible to start a buisness?

    Thanks

    Umer replied 1 year ago 2 Members · 3 Replies
  • 3 Replies

  • Gold Loan

    Umer updated 1 year ago 2 Members · 3 Replies
    Islamic Sharia

  • Umer

    Moderator August 30, 2025 at 9:50 am

    I’m not sure what do you mean by markup here. But gold can be used as a basis for loan in order to counter inflation/time value of money.

    Please see for details:

    Discussion 92023

    ask.ghamidi.org

    Recovery Of Loan Given In The Past Without Terms - Ask Ghamidi

    I paid university fee of one of my relative about six years back in foreign currency and did not set any condition for return. We spoke over the phone at

  • Tanweer ali khan

    Member August 30, 2025 at 10:35 am

    by markup i mean that i will pay more than the amount given to me based on the gold i provide as security after a year

    • Umer

      Moderator August 30, 2025 at 11:14 am

      If the basis of payment is Gold value then it is not interest, whether higher or lower than the principal amount.

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