I read on IslamQA that it is not permitted to buy gold and silver online because gold must be paid for and received in the same sitting according to Hadith. Does this mean that if I pay the seller online and he delivers gold or silver to my house in a few days, such a transaction is Haram?
I read on IslamQA that it is not permitted to buy gold and silver online because gold must be paid for and received in the same sitting according to Hadith. Does this mean that if I pay the seller online and he delivers gold or silver to my house in a few days, such a transaction is Haram?
14Feb
ANSWER:
Correct. The transaction of gold and silver must be done simultaneuosly.
I read on IslamQA that it is not permitted to buy gold and silver online because gold must be paid for and received in the same sitting according to Hadith. Does this mean that if I pay the seller online and he delivers gold or silver to my house in a few days, such a transaction is Haram?