Question:
As salaam alaykum wa rahmatullahi wa barakatahu,
Is it halal to invest in gold bars as a way of saving, and possibly making money? Or would it be considered hoarding?
Jazak Allah Khair.
Answer:
wa `alaykum salam,
The opinion of some `ulamas is that investing (buying) in gold is halal or allowed. Gold is a commodity in line with Shari`ah.We can buy and sell it later on because there is no prohibition for doing that.Trading in gold and silver and other jewelry are not haram.
Imam Senad Agic, Ph.D.
Head Imam (IABNA)
The Islamic Association of Bosniaks in North America
www.mesihat.com
