{"_id":"681a5957360d5cb609a8faef","title":"{\"ops\":[{\"insert\":\"Is buying physical gold permissible when merchants charge a premium? What about foreign currency exchange with conversion fees?\\n\"}]}","question":"{\"ops\":[{\"insert\":\"Is buying physical gold halal with the following consideration: when you purchase gold you are basically exchanging USD for its value in Gold, but merchants put a premium on top of that. Is that premium allowed? And likewise with foreign currency exchanges such as if you're exchanging USD for Turkish Liras or something else, they charge a conversion fee or something similar, is that allowed?\\\"\\n\"}]}","answer":"{\"ops\":[{\"insert\":\"Yes, buying physical gold is halal as long as the exchange happens hand to hand (i.e., with immediate transfer of both the gold and the payment) because gold and money are both ribawi (usurious) items. However, since they are different types of ribawi items, there is no requirement for their values to be equal.\\n\\nThe same applies to currency exchange, as each currency is considered a distinct ribawi item. Therefore, whatever price the two parties agree upon for their exchange is permissible.\\n\"}]}","tags":[{"_id":"668d9fe40b76658b4c23283a","tag":"Contemporary Life: Other","count":137},{"_id":"668da01b0b76658b4c232e51","tag":"Contemporary Life: Interest","count":34}],"createdOn":"2025-05-06T18:47:51.026Z"}