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Guaranteeing Gold
The operations of the bank include the sale of gold after its acquisition from international banks which require that the gold remains guaranteed in the hands of the Islamic bank for the entire period, i.e. from the Islamic bank’s receipt of the gold to
Such a deal is permissible because it includes the loan of gold and trading in it while it is the property of the seller-borrower and then a contract of exchange for the purchase of gold for a price agreed to by both parties on the condition that the price is paid immediately and without deferment.

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