Ask Ghamidi

A Community Driven Discussion Portal
To Ask, Answer, Share And Learn

Forums Forums Islamic Sharia Online Gold Trading And Requirement Of Physical Possession

Tagged: , ,

  • Online Gold Trading And Requirement Of Physical Possession

    Posted by HASAN KHAN on August 13, 2023 at 7:47 pm

    السلام عليكم!

    I want to know that is trading in gold online permissible in Islam?

    People say that you can’t trade in derivatives, as there’s no physical gold?

    Also, I would like to mention that in today’s world this is not possible to trade in gold or any commodity and to have possession of it after buying and then selling it afterwards and giving it to the seller, this won’t be easily possible for every transaction.

    I would like to know the view of Ghamidi Sahib on this.

    جَزَاكَ ٱللَّٰهُ خَيْراً کثیراً.

    Umer replied 6 months, 2 weeks ago 3 Members · 4 Replies
  • 4 Replies
  • Online Gold Trading And Requirement Of Physical Possession

    Umer updated 6 months, 2 weeks ago 3 Members · 4 Replies
  • Dr. Irfan Shahzad

    Scholar August 15, 2023 at 12:35 am
  • Umer

    Moderator August 15, 2023 at 1:43 am

    Please see for view of Ghamidi Sahab on requirement of physical possession as conveyed by Faisal Haroon Sahab:

    Discussion 61620 • Reply 66103

  • HASAN KHAN

    Member August 15, 2023 at 6:05 am

    Thanks a lot.

    @uq4454819 the discussion you shared has nothing about physical possession, kindly check it and let me know.

    جَزَاكَ ٱللَّٰهُ خَيْراً کثیراً.

    • Umer

      Moderator August 15, 2023 at 6:15 am

      It does actually because the discussion is in the context of Hadith where Prophet Muhammad (Sws) prohibited selling without possession first. You may want to refer to the whole dicsussion from the start. I only directed you to the comment of Faisal Sahab where he shared opinion of Ghamidi Sahab on the matter (Dropshipping business is also conducted without physical possession).

      OR

      You can also refer to the following thread:

      Discussion 86500

You must be logged in to reply.
Login | Register