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Buying Gold Coins On Credit

Question

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?

Answer

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.

References

(رد المحتار، ٥: ١٧٩، سعيد) 

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

 

(بدائع الصنائع، ٥: ٢٣٦، دار الحديث) 

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