Islam
Q&A for Muslims, experts in Islam, and those interested in learning more about Islam
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Are these types of investments in physical gold haram or halal
Are the following types of investment in physical gold haram or halal? Or only one of the options is halal? 1. You invest a fixed amount per month for e.g. 1000. Let's say the gold price at that time is 100 per grams which means you got 10 gram gold investment. 2. You will keep on doing this for 12...
Are the following types of investment in physical gold haram or halal? Or only one of the options is halal?
1. You invest a fixed amount per month for e.g. 1000. Let's say the gold price at that time is 100 per grams which means you got 10 gram gold investment.
2. You will keep on doing this for 12 months and these investments will keep adding up for e.g. 10 gram + 12 gram + 9.56 grams etc.
3. Let's say at the end of 12 months you invested 12000 and gold total becomes 40 grams. Now you have options:
**Option1**
You can get 40 grams of gold jewellery of your choice + you won't have to pay any jewellery making charges.
**Option 2**
You will get some cash bonus for e.g. 500 which you can add in your original investment which is 12000 so now total becomes 12500. You buy gold jewellery from that + only pay 50% discount on jewellery making charges.
Frank Martin
(175 rep)
Jan 2, 2025, 12:33 PM
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1
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Can I own gold without physical possession?
There are companies, such as [this one](https://www.goldavenue.com/), that offer a customer the ability to buy gold bullion, in the form of bars and coins, and store and insure these bars and coins in the company’s vaults for a monthly fee. The customer will not have physical access to these bars an...
There are companies, such as [this one](https://www.goldavenue.com/) , that offer a customer the ability to buy gold bullion, in the form of bars and coins, and store and insure these bars and coins in the company’s vaults for a monthly fee. The customer will not have physical access to these bars and coins while they are located in a vault.
Would it be halal to purchase gold bars and coins and store them in this company's secure vaults, for the sole purpose of protecting oneself against inflation, even though one would not have physical access to them?
The reason I ask is because I am wondering if not having physical possession of the gold would contradict the teaching of the following hadith:
> Ubida b. al-Simit (Allah be pleased with him) reported Allah's Messenger (ﷺ) as saying: Gold is to be paid for by gold, silver by silver, wheat by wheat, barley by barley, dates by dates, and salt by salt, like for like and equal for equal, payment being made hand to hand. If these classes differ, then sell as you wish if payment is made hand to hand.
>
> Sahih Muslim 1587c
> https://sunnah.com/muslim:1587c
Mahmoud
(113 rep)
Oct 6, 2024, 10:16 PM
• Last activity: Oct 6, 2024, 10:52 PM
0
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Stop wearing gold crown?
Does a monarch from a nation that has Crown Jewels including a gold 👑 crown (and what not) who converts (or reverts) need to stop wearing his gold crown after he converts to Islam?
Does a monarch from a nation that has Crown Jewels including a gold 👑
crown (and what not) who converts (or reverts) need to stop wearing his gold crown after he converts to Islam?
Kinnard Hockenhull
(183 rep)
May 8, 2024, 04:54 PM
• Last activity: May 8, 2024, 05:29 PM
3
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1
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My friend (32 male) and his wife is having a baby girl, can I gift the baby gold earrings?
I'm a Christian man, and I have a male Muslim best friend who is having a baby girl next week and I wanted to gift the baby a pair of gold earrings. I wanted to know from an Islamic point of view if that would be OK to do so? We're both very close friends and share a lot with each other, and I also...
I'm a Christian man, and I have a male Muslim best friend who is having a baby girl next week and I wanted to gift the baby a pair of gold earrings. I wanted to know from an Islamic point of view if that would be OK to do so?
We're both very close friends and share a lot with each other, and I also know his wife very well as well.
Fabian Pereira
(33 rep)
Oct 30, 2022, 03:14 AM
• Last activity: Mar 27, 2023, 11:51 AM
1
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1
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Converting money value in gold before lending
This question came to my mind in a discussion. Suppose a person asked me to lend them money over a long period (**10000$**. Repay after four or five years as an example). I want to know whether this idea is permissible or not : > I convert the money amount (in that very moment) in Gold ( **120 grams...
This question came to my mind in a discussion.
Suppose a person asked me to lend them money over a long period (**10000$**. Repay after four or five years as an example).
I want to know whether this idea is permissible or not :
> I convert the money amount (in that very moment) in Gold ( **120 grams** for example), and lend that person the money they want on the account that in five years they will give me back what 120 grams of gold cost in that time in future.
Hamdiken
(113 rep)
Mar 21, 2023, 09:47 PM
• Last activity: Mar 21, 2023, 10:12 PM
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How can a male athlete accept gold medals at competitions?
I am thinking of taking part in some athletic contests. The authority will award the winners with gold medals. But as far as I know men aren't allowed to wear gold. So how can one accept gold medals in a halaal way without disrespecting anyone? Please help me my brothers.
I am thinking of taking part in some athletic contests. The authority will award the winners with gold medals. But as far as I know men aren't allowed to wear gold.
So how can one accept gold medals in a halaal way without disrespecting anyone?
Please help me my brothers.
So how can one accept gold medals in a halaal way without disrespecting anyone?
Please help me my brothers.
Murmamirr Mohaimen
(21 rep)
Sep 18, 2015, 06:24 AM
• Last activity: Jun 8, 2022, 10:38 AM
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Can male Muslim athletes wear gold medals?
Assalamu Alaikum, How can Muslim men compete in Olympic games (and other athletic competitions) if wearing gold is haram for men? In the Olympics, do they simply accept the gold medal but refuse to wear it? Jazak Allah Khair
Assalamu Alaikum,
How can Muslim men compete in Olympic games (and other athletic competitions) if wearing gold is haram for men? In the Olympics, do they simply accept the gold medal but refuse to wear it?
Jazak Allah Khair
Amirio
(25 rep)
Nov 2, 2018, 02:19 AM
• Last activity: Jun 7, 2022, 12:53 PM
1
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1
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263
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zakat on mortgaged gold
Do I owe Zakat on gold I put in bank and borrowed money against it in an emergency? I put it in the bank for 7 years. I pay it's monthly instalments and will inshallah own it again in 3 years time if I'm able to pay off all the instalments.
Do I owe Zakat on gold I put in bank and borrowed money against it in an emergency? I put it in the bank for 7 years. I pay it's monthly instalments and will inshallah own it again in 3 years time if I'm able to pay off all the instalments.
Aafeen Muddasir
(11 rep)
Feb 21, 2019, 01:18 AM
• Last activity: Jun 13, 2019, 11:00 AM
3
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2
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4888
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What is the ruling of gold teeth implanting (for men)?
As an Islamic rule, it is Haram (forbidden) for men to wear the gold (as a ring or necklace). I was wondering if the implanting of gold teeth has the same ruling or it is permissible? (As some dentists use/implant gold to repair the teeth … )
As an Islamic rule, it is Haram (forbidden) for men to wear the gold (as a ring or necklace). I was wondering if the implanting of gold teeth has the same ruling or it is permissible?
(As some dentists use/implant gold to repair the teeth … )
اللهم صل علی محمد و آل محمد
(11701 rep)
Jan 22, 2016, 04:21 PM
• Last activity: Dec 31, 2018, 03:52 AM
0
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2
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781
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Is there zakah on gold exchange-traded funds?
I understand that we need to pay zakah on "physical" gold and silver after a certain threshold has been reached and is available for a whole lunar year. What is the fiqh with respect to gold [exchange-traded fund][1] (ETFs)? Do we pay zakah on that too? [1]: https://en.wikipedia.org/wiki/Exchange-tr...
I understand that we need to pay zakah on "physical" gold and silver after a certain threshold has been reached and is available for a whole lunar year.
What is the fiqh with respect to gold exchange-traded fund (ETFs)? Do we pay zakah on that too?
Ahmed
(4077 rep)
Nov 9, 2016, 12:15 PM
• Last activity: Jun 20, 2017, 09:09 PM
4
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1
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Is it permissible for men to carry gold, golden objects, or equipment coated in gold?
For men, is it permissible to carry gold or golden objects or equipment or tools or such coated in gold? To carry it daily, even though he may not need it, but just in case he does.
For men, is it permissible to carry gold or golden objects or equipment or tools or such coated in gold? To carry it daily, even though he may not need it, but just in case he does.
Versel
(41 rep)
May 20, 2016, 06:25 AM
• Last activity: Jun 11, 2017, 11:46 PM
2
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1
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453
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Is making Shrine from Gold a sin?
I have been asked this questions many times, That why the zarih of Imam Hussain and Moula abbas (and many others) is made of Gold. Sometimes it is referenced that > "Gold is forbidden(Haram) for men, and it should not be used this way, and sometimes it is said > that money with all this gold, could...
I have been asked this questions many times, That why the zarih of Imam Hussain and Moula abbas (and many others) is made of Gold. Sometimes it is referenced that
> "Gold is forbidden(Haram) for men, and it should not be used this way,
and sometimes it is said
> that money with all this gold, could feed many needy people".
I am looking for a better logical answer. I know the ideology of Wahhabi school of thought(since they talk about razing prophet SAWW shrine 1 2 3 ). Other than that any reasonable answer would be appreciated.
Seeker
(591 rep)
Feb 24, 2017, 05:23 PM
• Last activity: Feb 28, 2017, 11:48 AM
2
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1
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3532
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Is it permissible to wear gold to celebrate a baby boy?
I'm married and have a baby. And since he is my first kid I wish to wear gold for him but my family is opposing to wear. Can we wear gold for boy baby in Islam?
I'm married and have a baby. And since he is my first kid I wish to wear gold for him but my family is opposing to wear. Can we wear gold for boy baby in Islam?
safna
(21 rep)
Jun 23, 2016, 04:14 PM
• Last activity: Jan 16, 2017, 02:56 PM
2
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1
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1666
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Zakat on wifes gold
I just wanted to clarify that, does the husband has to pay zakat on wife’s gold if she isn’t working? And what is the nisaab amount for cash for zakat to be paid on?
I just wanted to clarify that, does the husband has to pay zakat on wife’s gold if she isn’t working?
And what is the nisaab amount for cash for zakat to be paid on?
Ziaur
(21 rep)
Jun 20, 2015, 01:30 AM
• Last activity: Feb 17, 2016, 08:55 AM
1
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1
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2157
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Wearing Gold Shoes Halal or Haram?
I'm interested in buying a Buscemi Sneaker but I am worried if it is halal to wear it since it has a clip covered in gold as its accessory. I normally avoid wearing silk and gold products but I am not sure if this qualifies as haram?
I'm interested in buying a Buscemi Sneaker but I am worried if it is halal to wear it since it has a clip covered in gold as its accessory.
I normally avoid wearing silk and gold products but I am not sure if this qualifies as haram?
I normally avoid wearing silk and gold products but I am not sure if this qualifies as haram?
erdi
(11 rep)
Jul 10, 2015, 01:01 AM
• Last activity: Feb 17, 2016, 08:54 AM
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