Derivative
Is Gold CFD / spot rolling gold halal?
Not permissible
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Short answer
A CFD on gold gives you price exposure without ever owning the metal. Combined with overnight rollover, it fails the ribawi commodity requirements that classical and contemporary scholars unanimously apply to gold.
The reasoning
Gold-for-money exchange must be hand-to-hand. A CFD has no hand and nothing to receive.
Even on an Islamic swap-free CFD account, the absence of qabd (possession) is itself disqualifying for gold specifically, because gold is a ribawi commodity with stricter requirements than ordinary goods.
Conditions
- Use allocated physical gold or a physically-backed allocated ETF instead.
Red flags
- Any CFD, perpetual, or rolling-spot gold product.
- 'Gold tokens' that represent unallocated bank obligations rather than specific bullion.