What is the ruling on exchanging old gold for new gold and adding some money to it?
Machine translationRead the Arabic original
Question:
He says: I exchanged old gold from a gold shop for new gold and added some money to it. What is the ruling on that?
Answer:
This is forbidden. This is a complex issue that is not permissible. Do what the Prophet (peace and blessings be upon him) commanded: sell the gold you do not want for dirhams, then buy gold with the dirhams that suits your desire. This is the Shari'ah solution to which the Prophet (peace and blessings be upon him) guided. As for selling gold for gold with an increase in one of the two, that is riba (usury or interest). Yes.
He says: I exchanged old gold from a gold shop for new gold and added some money to it. What is the ruling on that?
Answer:
This is forbidden. This is a complex issue that is not permissible. Do what the Prophet (peace and blessings be upon him) commanded: sell the gold you do not want for dirhams, then buy gold with the dirhams that suits your desire. This is the Shari'ah solution to which the Prophet (peace and blessings be upon him) guided. As for selling gold for gold with an increase in one of the two, that is riba (usury or interest). Yes.
Source
قناة «العلامة الدكتور صالح الفوزان»، ما حكم استبدال الذهب القديم بذهب جديد وزيادة بعض المال عليه؟ للشيخ صالح الفوزان — youtube.com
The Arabic text is a machine transcription of the audio recording.