Commodity
Is Physical silver halal?
Permissible
Read our methodology and editorial policy.
Short answer
Silver, like gold, is one of the six ribawi commodities named in hadith. Buying physical silver outright is permissible. The rules tighten around silver derivatives and unallocated paper silver.
The reasoning
Spot silver bought with immediate possession (allocated, deliverable) is permissible by ijma.
Unallocated silver, silver CFDs, and silver futures fail because they do not meet the hand-to-hand requirement for ribawi exchanges.
Conditions
- Take delivery or hold in an allocated, deliverable account.
- Settle in full — no margin.
Red flags
- Silver CFDs
- Silver futures
- Unallocated 'paper silver' accounts
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