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Sale and Purchase of Gold

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Sales and Purchase of Gold According to Islam Laws
Ayesha Basheer
Mind Map by Ayesha Basheer, updated more than 1 year ago
Ayesha Basheer
Created by Ayesha Basheer over 6 years ago
219
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Resource summary

Sale and Purchase of Gold
  1. Gold for Gold
    1. Gold for Gold alike in quality and weight
      1. like gold ingots or bars for jewellery
        1. Permissible
      2. Gold for gold with extra payment
        1. like gold bars for jewellery with extra payment
          1. Prohibited=Usury
            1. Aviod it by paying for worked gold by currency and then buy gold bars with currency
      3. Gold on Credit
        1. Prohibited
          1. avoid it by on spot payment
        2. Gold for currency
          1. on the spot payment
            1. Permissible
            2. Delayed payment
              1. Prohibited
                1. Avoid it by on the spot payment
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