FatwaPerlisTransactions & Finance
Kaedah Urusniaga Jual Beli Emas Secara Dalam Talian
What is the Shariah-compliant method for buying and selling gold online?
Short answer
Gold is a ribawi item subject to the conditions of sarf sales when paid for with money, including that the contract and handover occur in the same session without delay.
A reference, not a fatwa. First sentence of the summary below — read the original fatwa and consult your state authority before acting.
- Authority
- Perlis State Mufti Department
- Status
- Fatwa committee decision
- Series
- Himpunan Fatwa Negeri Perlis
- Topic
- Transactions & Finance
No evidence of gazettement in the source — this is not a gazetted fatwa.
Summary
Gold is a ribawi item subject to the conditions of sarf sales when paid for with money, including that the contract and handover occur in the same session without delay. For online sales, possession (qabd) can be achieved when the buyer appoints someone at the seller's premises as an agent, while the seller agrees to deliver the gold to the buyer as a trust. The seller must present a detailed offer, such as photographs, weight, serial number and other specifications or transaction evidence, to prevent fraud. Those unfamiliar with gold bar trading are advised to consult knowledgeable experts in the field.
Written in our own words from the original fatwa — check the source before acting on it.
Emas adalah barangan ribawi yang tertakluk kepada syarat-syarat jual beli sarf, sekiranya dibayar menggunakan wang.
Read the full fatwa on the Perlis website (new tab)
How to cite
Cite the original fatwa and its authority. Rujuk Fatwa is only where you found it.
Perlis State Mufti Department. “Kaedah Urusniaga Jual Beli Emas Secara Dalam Talian”, date not stated. https://muftiperlis.gov.my/index.php/himpunan-fatwa-negeri/400-kaedah-urusniaga-jual-beli-emas-secara-dalam-talian. Found via Rujuk Fatwa: https://rujukfatwa.com/en/fatwa/buying-selling-gold-online-method/