Is gold loan haram in islam?

Sharia (also spelled Shariah) law considers gold a “Ribawi item.” That means Muslims can't trade it for future value, or for speculation. They can, however, use gold as currency and own it as jewellery and the like.

158.5K

749.2K views
2023-02-18 21:46:16

Show all Q/A Info

Which game is haram in islam?
Muslim scholars tend to place chess, a skill-based game, in a different category from games of chance, such as dice, but frown upon it if it distracts a person from performing the five daily prayers. Placing bets under any circumstances is forbidden.
2024-02-13 14:35:15

Is it haram to hit someone in islam?
Abu Shaqqa refers to the edict of Hanafi scholar al-Jassas (d. 981) who notes that the reprimand should be "A non-violent blow with siwak [a small stick used to clean the teeth] or similar. This means that to hit with any other means is legally Islamically forbidden."
2024-01-07 11:30:47

Is diamond haram in islam?
In addition, Islam prohibits Muslims from possessing diamonds and colored gemstones (as well as gold, silver, pearls, and so on) in any forbidden form, such as statues, icons, dinnerware and vessels (for gold and silver), and men's jewelry (excepting a silver ring or sword hilt) (see Is There Zakat on Jewelry?).
2024-01-03 16:48:11

Why forex is haram in islam?
In Islamic law, there is a rule of “riba”, which prohibits the use of specific interest or fees. The Qur'an considers interest unjust for the persons paying the riba. That is why to keep your trading halal, you need to use a Forex account without interest.
2023-01-22 03:02:31

Recommended Next Q/A:
Can a ps4 account be primary on two ps4?