Selling gold on credit
Machine translationRead the Arabic original
Q5: A questioner says: I have a sum of money from one of the gold shops that I took on credit, and then its owner forgot about it, and my financial situation is weak.
I will return it to him when things become easy, knowing that I am aware that borrowing gold is forbidden at the present time. What is the ruling in this matter?
A5: The sale of gold for riyals must be hand-to-hand. The transaction mentioned in the question is an invalid sale because the condition of immediate exchange is not met. You must return the gold to its owner. If that is not possible, you must return its equivalent.
I will return it to him when things become easy, knowing that I am aware that borrowing gold is forbidden at the present time. What is the ruling in this matter?
A5: The sale of gold for riyals must be hand-to-hand. The transaction mentioned in the question is an invalid sale because the condition of immediate exchange is not met. You must return the gold to its owner. If that is not possible, you must return its equivalent.
Source
www.alifta.gov.sa
The Arabic text is copied verbatim from the original source, without any edits.