Mufti Online — Madrasah Ta'leemuddeen

Trading in gold online without taking physical possession

· 3 Jumada I 1447 AH1 min readEnglish

Question

I traded with gold online without knowing that I have to take physical possession and because it's online you cannot take physical possession of it.

Is it permissible for me to take back my capital or should I give it as sadaqah without the intention of reward?

Answer

You can take back your capital amount and give the profits to the poor without the intention of receiving any reward.

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

Answered by
Mufti Zakaria Makada
Checked & approved by
Mufti Ebrahim Salejee (Isipingo Beach)
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Source: Mufti Online — Madrasah Ta'leemuddeen — https://muftionline.co.za/node/36295
Fatawa SA: https://fatawa.co.za/fatwa/muftionline-36295

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