How is the sale of gold for gold considered riba (usury or interest)
Machine translationRead the Arabic original
The questioner : Peace be upon you. And upon you be peace. She asks: How is the sale of gold for gold considered riba, Honorable Shaykh?
The Shaykh : How is it riba? It is riba if one of them exceeds the other, or if the taking possession is delayed.
The questioner : If they are equal in value, Shaykh.
The Shaykh : No, the criterion is the weight.
The questioner : The criterion is the weight.
The Shaykh : If they are equal in weight and possession is taken before parting, the sale is valid and it is not riba. If one of them exceeds the other, or if the taking possession is delayed, it is riba.
The questioner : She says: I bought gold and exchanged it with my sister, Honorable Shaykh, gold for gold?
The Shaykh : It is necessary that their weights be equal.
The questioner : Fine. That it be taken possession of.
The Shaykh : Not outside before parting.
The questioner : She says: Even if it is by way of a gift from me to her, Shaykh? And if it is currency exchange, Shaykh, paper Saudi currency for metal?
The Shaykh : There is no harm in that, but it is necessary that possession be taken before parting.
The Shaykh : How is it riba? It is riba if one of them exceeds the other, or if the taking possession is delayed.
The questioner : If they are equal in value, Shaykh.
The Shaykh : No, the criterion is the weight.
The questioner : The criterion is the weight.
The Shaykh : If they are equal in weight and possession is taken before parting, the sale is valid and it is not riba. If one of them exceeds the other, or if the taking possession is delayed, it is riba.
The questioner : She says: I bought gold and exchanged it with my sister, Honorable Shaykh, gold for gold?
The Shaykh : It is necessary that their weights be equal.
The questioner : Fine. That it be taken possession of.
The Shaykh : Not outside before parting.
The questioner : She says: Even if it is by way of a gift from me to her, Shaykh? And if it is currency exchange, Shaykh, paper Saudi currency for metal?
The Shaykh : There is no harm in that, but it is necessary that possession be taken before parting.
Source
قناة «فضيلة الشيخ محمد بن صالح العثيمين»، 1816- كيف يكون بيع الذهب بالذهب ربا /سؤال على الهاتف 📞 /ابن عثيمين — youtube.com
The Arabic text is a machine transcription of the audio recording.