Purchasing gold and silver online

QUESTION:-

Is it permissible to buy gold and silver from online stores?

ANSWER:-

There is no problem in purchasing gold and silver from online stores, in lieu of cash.

وَإِنْ اشْتَرَى خَاتَمَ فِضَّةٍ أَوْ خَاتَمَ ذَهَبٍ فِيهِ فَصٌّ أَوْ لَيْسَ فِيهِ فَصٌّ بِكَذَا فَلْسًا وَلَيْسَتْ الْفُلُوسُ عِنْدَهُ فَهُوَ جَائِزٌ تَقَابَضَا قَبْلَ التَّفَرُّقِ أَوْ لَمْ يَتَقَابَضَا لِأَنَّ هَذَا بَيْعٌ وَلَيْسَ بِصَرْفٍ كَذَا فِي الْمَبْسُوطِ (الفتاوي العالمكيري ص224 ج3)

 ALLAH TA’ALA ALONE IN HIS INFINITE KNOWLEDGE KNOWS BEST!

ANSWERED BY:-

Mufti Mohammed Desai

Date:- 22 Dhul Qa’dah 1444 / English Date: 12 June 2023