The Ruling on Selling Gold on Credit
Machine translationRead the Arabic original
The questioner:
He says: Honorable Shaykh, may Allah grant you success, is it permissible to sell gold on credit, like other goods and metals, as in the case of a trust transaction?
The Shaykh:
Success.
The questioner:
Selling gold on credit.
The Shaykh:
No, unless it is sold for something other than currency. If it is sold for food or clothing, or for something that is not subject to riba (usury or interest), there is no objection. If it is sold for a car, there is no objection to the lease. However, if it is sold for currency, then if it is of the same type, immediate exchange and equality in amount are required. If it is of a different type, immediate exchange is required, but a difference in amount is permissible. Yes.
He says: Honorable Shaykh, may Allah grant you success, is it permissible to sell gold on credit, like other goods and metals, as in the case of a trust transaction?
The Shaykh:
Success.
The questioner:
Selling gold on credit.
The Shaykh:
No, unless it is sold for something other than currency. If it is sold for food or clothing, or for something that is not subject to riba (usury or interest), there is no objection. If it is sold for a car, there is no objection to the lease. However, if it is sold for currency, then if it is of the same type, immediate exchange and equality in amount are required. If it is of a different type, immediate exchange is required, but a difference in amount is permissible. Yes.
Source
قناة «العلامة الدكتور صالح الفوزان»، 086 من 123 / شرح كتاب زاد المستقنع / الطلاق / الطلاق قي الماضي والمستقبل / صالح الفوزان / الفقه — youtube.com (1:11:25)
The Arabic text is a machine transcription of the audio recording.