FatwaFederal TerritoriesTransactions & Finance
AL-KAFI #1817: HUKUM MEMBELI EMAS SECARA ANSURAN
Is it permissible to buy gold on credit or instalments, taking and wearing the gold first and paying later?
Short answer
Buying gold by instalments is forbidden and invalid because it involves riba al-nasiah, which arises from deferring payment.
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
Buying gold by instalments is forbidden and invalid because it involves riba al-nasiah, which arises from deferring payment. Gold is a ribawi item and must be exchanged on the spot in one session, with delivery either actual or constructive such as a payment receipt. As an alternative, the buyer may borrow money from a third party and pay cash for the gold, but not from the same seller, due to the prohibition on combining a sale with a loan.
Written in our own words from the original fatwa — check the source before acting on it.
Jual beli emas secara ansuran adalah diharamkan dan tidak sah kerana mengandungi unsur riba al-nasiah iaitu riba yang terjadi disebabkan menangguhkan pembayaran secara sengaja.
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 #1817: HUKUM MEMBELI EMAS SECARA ANSURAN”, 16 August 2021. https://muftiwp.gov.my/ms/artikel/al-kafi-li-al-fatawi/4917-al-kafi-1817-hukum-membeli-emas-secara-ansuran. Found via Rujuk Fatwa: https://rujukfatwa.com/en/fatwa/ruling-on-buying-gold-by-instalments/