FatwaFederal TerritoriesTransactions & Finance
AL-KAFI #276 : BELI EMAS GUNA KAD KREDIT
Is it permissible to buy gold using a credit card?
Short answer
Gold is classed as a ribawi commodity, so it must be bought in cash, hand to hand, with immediate handover and no deferment.
A reference, not a fatwa. First sentence of the summary below — read the original fatwa and consult your state authority before acting.
- Authority
- Federal Territories Mufti Office
- Date
- Status
- Opinion (irsyad)
- Series
- Al-Kafi li al-Fatawi
- Topic
- Transactions & Finance
No evidence of gazettement in the source — this is not a gazetted fatwa.
Summary
Gold is classed as a ribawi commodity, so it must be bought in cash, hand to hand, with immediate handover and no deferment. Paying by credit card raises doubt because the card may still be empty and settlement may be delayed for an unknown period. The fatwa stresses cash purchase with actual (hissi) or constructive (hukmi) possession, and advises choosing the more cautious view for peace of mind.
Written in our own words from the original fatwa — check the source before acting on it.
Sebab itu kami dalam hal ini amat-amat menitik-beratkan belilah secara tunai, tangan dengan tangan, 'Awak terima', 'Saya terima', sama ada dengan qabadh (penyerahan) secara hissi (terus) atau hukmi (perwakilan).
Read the full fatwa on the Federal Territories website (new tab)
How to cite
Cite the original fatwa and its authority. Rujuk Fatwa is only where you found it.
Federal Territories Mufti Office. “AL-KAFI #276 : BELI EMAS GUNA KAD KREDIT”, 20 May 2016. https://muftiwp.gov.my/ms/artikel/al-kafi-li-al-fatawi/1229-al-kafi-276-beli-emas-guna-kad-kredit. Found via Rujuk Fatwa: https://rujukfatwa.com/en/fatwa/buy-gold-using-credit-card/