resolved as follows:

First: Concerning gold trading:
(a) It is permissible to purchase gold or silver with certified checks, on condition that mutual possession is effected during the same session.
(b) The Council reaffirms the view held by the majority of jurists that it is not permissible to exchange fashioned gold for a greater quantity of fashioned gold, for in an exchange of gold for gold neither fineness nor craftsmanship is taken into account. Accordingly, the Council sees no need to revisit this issue, given that it has no practical relevance today: gold coins are no longer used since paper currency has taken their place, and when paper money is exchanged for gold it is treated as a different genus.
(c) It is permissible to barter a certain amount of gold for a lesser amount of gold together with another commodity, on the basis that the excess in one consideration is set off by the presence of the other commodity in the second consideration.
(d) Because the following matters require fuller conceptualization and both technical and Sharīʿah research, the Council has deferred issuing rulings on them until the necessary distinguishing data become available. These matters are:
– The purchase of shares in a company engaged in extracting gold or silver.
– Acquiring or transferring ownership of gold through the delivery and receipt of certificates representing specified amounts of gold held in the issuer’s vaults, enabling the holder to obtain or dispose of the gold whenever he wishes.

Second: Concerning Sharīʿah-compliant solutions for the combination of ṣarf (currency exchange) and ḥawālah (money transfer):
(a) Transfers in which the amount is paid in a given currency and the applicant wishes it to be remitted in the same currency are permissible in Sharīʿah, whether the service is provided free of charge or for a fee within the limits of remuneration