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The question

What is the ruling on purchasing gold through an Islamic loan from an Islamic bank to complete marriage necessities?

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Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 20261 min readAlso available in العربية
The answer

If the questioner, by borrowing from the Islamic bank, intends to enter into a Murabaha transaction with it to obtain cash for marriage expenses, then the commodity is considered:

- If it is gold: It is not permissible to sell it in installments.

- If it is a commodity for which immediate possession is not a condition, such as real estate, cars, and metals other than gold and silver: There is no objection to Murabaha, provided it adheres to controls. There is no harm if the questioner intends through it to obtain cash for his needs, which is known as the issue of Tawarruq.

Summarized from the full answer at Ftawy · imported

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Where this answer came from
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Ftawy
Original fatwa ID
78176
Imported
Translation status
Source text, unreviewed
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