Is it possible to buy and sell gold and silver online?
Gold and silver are two important commodities for the humanity since the start of creation, and that they are among the commodities that Godhead has decorated and loved for people, therefore it's desirable and widely circulated because it may be a decoration and being the currency used until recently.
It's also one among the commodities during which money are often invested, albeit we don't recommend it consistent with what we mentioned alongside other areas of investment that aren't recommended to enter during this article.
Since the emergence of the sector of e-commerce and online shopping, it had been natural for gold and silver to be traded online, not as within the past, hand-to-face or face-to-face between the vendor and therefore the buyer.
We recently wrote a piece of writing on the way to buy and sell gold and silver online then deleted it later for an equivalent reason which will be mentioned during this article.
After being alerted to him by one among the visitors of the blog, who we've all love and appreciation for that, keenness to guide people to good.
what's the reason? Simply if this blog isn't associated with religious matters, but it's associated with buying and selling via the web , and there's no objection to mentioning the rationale why it's not permissible to shop for and sell gold and silver via the web as a matter of recommendation .
In short, the rationale is that the occurrence of usury therein process because the Prophet, may God bless him and grant him peace, said within the authentic hadith (gold in gold, silver in silver, and righteousness in righteousness.
to his saying hand in hand, for instance , equally).
The students explained to the present hadeeth that it's impossible to shop for gold, silver, and every one other items mentioned within the hadith unless the exchange is hand in hand and within the same assembly.
That is, you pay the cash and you're taking the commodity hand in hand, but once you pip out online you pay and await the commodity to return to you, in order that may be a sort of a post-sale.
It's not permissible to sell within the future or in installments in those items mentioned within the hadith, and a number of other fatwas are often mentioned during this regard, including this fatwa from the Islam Question and Answer website.
As for other sorts of jewelry, like diamonds and gemstones, it's permissible to shop for and sell them over the web because they are doing not fall under the categories mentioned within the hadith which scholars call (interest-based varieties).
Finally, if you've got comments or opinions on this subject , please kindly write it within the comments box.
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