Stocks and other assets

Is buying and trading gold halal?

Answered by the ShariaQuant team

Gold is permissible to own, and the condition is that the exchange settles immediately, since gold is one of the six commodities the hadith names specifically. Physical gold and fully allocated accounts satisfy that. Gold CFDs and futures do not, because nothing is ever delivered.

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This is Shariah screening and education, not financial advice. Rulings on newer products differ between scholars, so where a question is disputed we say so rather than pick a side for you. If your situation is unusual, ask your own scholar.

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