- Principles of Fiqh > Jurisprudence and Islamic
Rulings > Transactions > Business and Financial
Transactions > Forbidden Transactions.
34325: Buying gold through a site on the internet
There is a company selling gold via the internet.
Is it permissible to buy from them or to bring them
customers and receive payment for that?.
Praise be to Allaah.
It is well known in Islam that when buying gold for
currency, the exchange should take place in the
same sitting where the transaction is agreed
upon, because the Prophet (peace and blessings
of Allaah be upon him) said:
Gold for gold, silver for silver, like for like, same
for same, hand to hand... If it is an exchange of
one of these things for another, then sell as you
like, so long as it is hand to hand.
Narrated by Muslim, 1578.
I think that buying gold via the internet is not a
transaction that is conducted hand to hand,
because you are sending the money to them then
they send that gold to you after a while. If that is
the case, then buying and selling in this manner is
haraam, and it is haraam for you to bring
customers to this company, because Allaah says
(interpretation of the meaning):
but do not help one another in sin and
But if the money and goods are exchanged
immediately in one sitting, then it is permissible
for you to tell people about them and to bring
customers to this company, and to receive
payment for that.
We ask Allaah to make our provision halaal. May
Allaah send blessings and peace upon our
Prophet Muhammad and his family and