Ask Ghamidi

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

Forums Forums Islamic Sharia Gold Loan

Tagged: ,

  • 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 month ago 2 Members · 3 Replies
  • 3 Replies
  • Gold Loan

    Umer updated 1 month ago 2 Members · 3 Replies
  • 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

  • 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.

You must be logged in to reply.
Login | Register