The ruling on investing in gold by buying it and waiting for the price to rise
Machine translationRead the Arabic original
Question:
Honorable Shaykh, may Allah grant you success. A questioner says: Is it permissible for a Muslim to work in gold investment by buying gold and waiting until its price rises, then selling it?
Answer:
There is nothing wrong with that, provided there is no prohibition from the government. There is nothing wrong with that. Yes.
Honorable Shaykh, may Allah grant you success. A questioner says: Is it permissible for a Muslim to work in gold investment by buying gold and waiting until its price rises, then selling it?
Answer:
There is nothing wrong with that, provided there is no prohibition from the government. There is nothing wrong with that. Yes.
Source
شرح إغاثة اللهفان من مصائد الشيطان لابن القيم، فصل وأما سماعه من المرأة الأجنبية أو الأمرد فمن أعظم المحرمات — islamhouse.com (56:02)
The Arabic text is a machine transcription of the audio recording.