The Ruling on Selling Gold by Phone Without Exchange
Machine translationRead the Arabic original
Question:
And may Allah bless you. This questioner for the program asks about gold. He says: Shaykh, what is your opinion on buying and selling gold from the bank, first by telephone, knowing that one of the conditions of the sale is taking possession, and it must be hand to hand.
Answer:
As the questioner mentioned, taking possession is necessary in selling gold for gold; it must be hand to hand. It is not permissible to trade by telephone without taking possession. Rather, two things are necessary if gold is sold for gold. The first is equality in weight, exactly the same. The second is taking possession in the assembly, such that they do not separate while anything remains between them. Yes.
The presenter:
May Allah reward you with good and bless you.
And may Allah bless you. This questioner for the program asks about gold. He says: Shaykh, what is your opinion on buying and selling gold from the bank, first by telephone, knowing that one of the conditions of the sale is taking possession, and it must be hand to hand.
Answer:
As the questioner mentioned, taking possession is necessary in selling gold for gold; it must be hand to hand. It is not permissible to trade by telephone without taking possession. Rather, two things are necessary if gold is sold for gold. The first is equality in weight, exactly the same. The second is taking possession in the assembly, such that they do not separate while anything remains between them. Yes.
The presenter:
May Allah reward you with good and bless you.
Source
نور على الدرب - الفوزان - 03/143 — archive.org (17:49)
The Arabic text is a machine transcription of the audio recording.