Buying Gold Coins On Credit


A person buys gold coins from a gold broker/dealer.  He deposits the money into the dealers account and collects the coin at a later stage, perhaps a day or two later. Is this transaction correct?


This will be correct. It is not necessary to take possession of the gold coin immediately.

Checked and Approved By:

Mufti Muhammed Saeed Motara Saheb D.B.


(رد المحتار، ٥: ١٧٩، سعيد)

(الفتاوى التاتارخانية، ١٠: ١٣، مكتبة زكريا ديوبند)

(بدائع الصنائع، ٥: ٢٣٦، دار الحديث)

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