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**wmhardware** · 02-18-2009, 02:26 PM

Wa alaikum salaam wa rahmatullah,

Buying physical gold through your bank is permissible. It may be kept in their vaults without any issue:

http://qa.sunnipath.com/issue_view.a...ID=346&CATE=43

When buying into gold based ETFs (paper gold) one will need to avoid all types of leveraged funds (the ones which promise to pay 200% the daily return for instance), since achieving this amplified return (and loss) means other money is added to what the buyer of the ETF puts in. This additional money will involve payment of interest.

and Allah knows best.

02-18-2009, 02:26 PM	#2
wmhardware Join Date Nov 2005 Posts 462 Senior Member	Wa alaikum salaam wa rahmatullah, Buying physical gold through your bank is permissible. It may be kept in their vaults without any issue: http://qa.sunnipath.com/issue_view.a...ID=346&CATE=43 When buying into gold based ETFs (paper gold) one will need to avoid all types of leveraged funds (the ones which promise to pay 200% the daily return for instance), since achieving this amplified return (and loss) means other money is added to what the buyer of the ETF puts in. This additional money will involve payment of interest. and Allah knows best.
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