FatwaFederal TerritoriesTransactions & Finance
IRSYAD HUKUM SIRI KE 357 : HUKUM MENGGADAIKAN EMAS BAGI TUJUAN PELABURAN EMAS YANG BARU
Is it permissible to pledge existing gold savings in order to buy new gold as an investment?
Short answer
The contract of pledge (rahn) is generally permissible, and an owner has the right to pledge his property.
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
- Irsyad al-Hukum (Umum)
- Topic
- Transactions & Finance
No evidence of gazettement in the source — this is not a gazetted fatwa.
Summary
The contract of pledge (rahn) is generally permissible, and an owner has the right to pledge his property. However, pledging existing gold to obtain cash for buying new gold as an investment is considered makruh. This is because it encourages taking on debt when it is unnecessary and not urgent, and the ability to repay the debt must also be considered.
Written in our own words from the original fatwa — check the source before acting on it.
Sebagai kesimpulan, kami cenderung mengatakan perbuatan menggadaikan (al-rahn) emas yang sedia ada bagi tujuan membeli emas yang baru untuk tujuan pelaburan adalah makruh.
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. “IRSYAD HUKUM SIRI KE 357 : HUKUM MENGGADAIKAN EMAS BAGI TUJUAN PELABURAN EMAS YANG BARU”, 8 January 2020. https://muftiwp.gov.my/ms/artikel/irsyad-hukum/umum/3947-irsyad-al-fatwa-siri-ke-357-hukum-menggadaikan-emas-bagi-tujuan-pelaburan-emas-yang-baru. Found via Rujuk Fatwa: https://rujukfatwa.com/en/fatwa/pledging-gold-to-buy-investment-gold-ruling/