FatwaSelangorTransactions & Finance
#117 Taudhih Al-Hukmi : Hukum Membeli Emas Bukan Perhiasan Secara Ansuran
Is it permissible to buy non-jewellery gold by instalments?
Short answer
Buying non-jewellery gold with non-jewellery gold, silver or currency is in principle not permitted on instalment or deferred terms, because the bay‘ al-ṣarf contract requires immediate exchange (ḥulul) and possession (taqābuḍ).
A reference, not a fatwa. First sentence of the summary below — read the original fatwa and consult your state authority before acting.
- Authority
- Selangor State Mufti Department
- Date
- Status
- Opinion (irsyad)
- Series
- Taudhih Al-Hukmi (artikel penjelasan, bukan pendirian rasmi Mufti Selangor)
- Topic
- Transactions & Finance
No evidence of gazettement in the source — this is not a gazetted fatwa.
Summary
Buying non-jewellery gold with non-jewellery gold, silver or currency is in principle not permitted on instalment or deferred terms, because the bay‘ al-ṣarf contract requires immediate exchange (ḥulul) and possession (taqābuḍ). Possession may be physical or constructive, meaning gold held in an account that is officially recorded. For Buy Now Pay Later (BNPL) facilities, the Shariah Advisory Council of Bank Negara Malaysia decided that payment may be settled up to two days after the transaction due to operational constraints and market practice, or longer in the event of unexpected disruption.
Written in our own words from the original fatwa — check the source before acting on it.
Oleh itu, transaksi jual beli emas bukan perhiasan dengan emas bukan perhiasan, perak atau mata wang pada asalnya tidak boleh dilakukan secara ansuran dan bertangguh
Read the full fatwa on the Selangor website (new tab)
How to cite
Cite the original fatwa and its authority. Rujuk Fatwa is only where you found it.
Selangor State Mufti Department. “#117 Taudhih Al-Hukmi : Hukum Membeli Emas Bukan Perhiasan Secara Ansuran”, 6 July 2026. https://www.muftiselangor.gov.my/2026/07/06/117-taudhih-al-hukmi-hukum-membeli-emas-bukan-perhiasan-secara-ansuran/. Found via Rujuk Fatwa: https://rujukfatwa.com/en/fatwa/buying-non-jewellery-gold-by-instalments/