Is a Savings Plan with Deferred Gold Exchange Permissible? – Shaykh Abdul-Rahim Reasat

Answered by Shaykh Abdul-Rahim Reasat

Question

Is a savings plan with deferred gold exchange permissible?

Shaykh Abdul-Rahim Reasat examines how to deal with savings plans involving deferred gold exchange.

Shaykh Abdul-Rahim Reasat pursued Arabic Grammar and Morphology alongside his English and History degree. Post-graduation, he deepened his studies in Damascus, learning Arabic, Hanafi Fiqh, Theology, and more under notable scholars like Shaykh Adnan Darwish and Shaykh Rashad Shams. He continued in Amman, expanding into Tafsir, Hadith, Prophetic Biography, and other Islamic sciences, guided by teachers such as Shaykh Ali Hani and Dr. Hamza al-Bakri.