this post was submitted on 18 Nov 2025
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A Boring Dystopia
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Is this a weird way of wording that they're putting the gold up as collateral for a loan or what?
What value does someone get out of leasing a chunk of expensive metal, surely you can't use it for anything if it's just a lease in a traditional sense as you assumedly need to return it in the same condition
I can literally just think of props in movies or something, but that's ridiculous to me given no one cares if it's real on screen
Basically the borrowers are using gold-to-gold loans instead of cash loans to buy gold to avoid problems like price fluctuations.
They're using the gold for jewelry making or industrial processes, and then returning different gold with interest paid back in gold.
So the lenders are lending out gold, and getting back more gold as interest with no money changing hands.
my unpopular opinion was that this is very near sound money in islam (gold or silver) until I saw the interest part which is forbidden in islam.