Mufti Online — Madrasah Ta'leemuddeen

Online trading without taking possession

· 29 Jumada I 1447 AH1 min readEnglish

Question

What is the ruling regarding online trading - day trader. He trades with various things like gold, currencies and oil.

Answer

Among the various requisites for a valid sale is qabdhah (possession of the item). Generally, in these types of deals qabdhah is not found. Hence, it will not be valid.

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/36380
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