Question
Is it permissible to invest in gold trading where one does not have nor receive physical possession of the gold?
Answer
It is not permissible to invest in the type of gold trading explained in the brochure. Since the gold is not physically acquired nor held on one's behalf, the sale comes within the classification of Riba.
- Source
- themajlis.co.za
- Published in
- The Majlis Vol 20 No 08
- PDF page
- 2
Appears under Questions and Answers (approximate).