Mufti Online — Madrasah Ta'leemuddeen

Investing in gold companies

· 17 Muharram 1438 AH1 min readEnglish

Question

Please advise if it is permissible to invest in gold stocks for companies owning gold mines, gold mutual funds, exchange traded funds or does one need to physically have the gold in one's possession?

Answer

If the operations of the gold company are right then buying a share with them is permissible.

And Allah Ta'ala (الله تعالى) knows best.

Answered by
Mufti Ebrahim Salejee (Isipingo Beach)
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Source: Mufti Online — Madrasah Ta'leemuddeen — https://muftionline.co.za/node/16436
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