15 Rajab 1442

What is the ruling on buying metals online like platinum, the company clearly stated that you are buying a real metal but they keep it on your behalf and so sell in your behalf, the deposits you make are segregated from their deposits as well, is this buying and selling permissible, note I do not want to invest in this wat with gold and silver, only other metals and maybe oil

By Admin
In Halal/Haram Matters
Jan 16th, 2021
0 Comments
218 Views

ANSWER:

This is not permissible as it is like forex and this is not real but rather virtual and it doesn’t exist. 

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