FatwaFederal TerritoriesTransactions & Finance
AL-KAFI #706 : HUKUM JUAL BELI EMAS SECARA ATAS TALIAN DAN PENYERAHAN KE DALAM AKAUN PEMBELI
Is buying gold online valid when the gold is credited to the buyer's account and can be withdrawn at the company's branches?
Short answer
Online gold trading is valid provided the conditions of delivery are met.
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
Online gold trading is valid provided the conditions of delivery are met. Delivery through an account is accepted as constructive delivery when the gold has been deposited into the buyer's account and recorded in the system and receipt. The buyer must also be able to withdraw the gold at any time in the quantity agreed in the contract. This follows the National Fatwa Committee's muzakarah decision and the resolution of the Islamic Fiqh Academy of the Muslim World League.
Written in our own words from the original fatwa — check the source before acting on it.
Justeru, apabila emas tersebut sudah didepositkan ke dalam akaun pembeli dan direkodkan di dalam sistem dan resit, yang mana pembeli boleh bila-bila masa, mengeluarkan emas tersebut
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 #706 : HUKUM JUAL BELI EMAS SECARA ATAS TALIAN DAN PENYERAHAN KE DALAM AKAUN PEMBELI”, 29 January 2018. https://muftiwp.gov.my/ms/artikel/al-kafi-li-al-fatawi/2277-al-kafi-706-hukum-jual-beli-emas-secara-atas-talian-dan-penyerahan-ke-dalam-akaun-pembeli. Found via Rujuk Fatwa: https://rujukfatwa.com/en/fatwa/ruling-buying-gold-online-account-delivery/