The ruling on buying gold on credit
Machine translationRead the Arabic original
Question:
He says: Honorable Shaykh, may Allah grant you success, what is the ruling on buying gold on credit without an increase in the price?
Answer:
It is not permissible to sell gold for anything other than currency, other than dirhams. If he sells gold for trade goods, for example, for sheep, camels, or food, there is nothing wrong with that. However, if he sells gold for currency, the exchange must take place in the meeting, and deferral is not permissible. If he sells gold for gold of the same kind, or sells it for currency, the exchange must take place in the meeting. Yes.
He says: Honorable Shaykh, may Allah grant you success, what is the ruling on buying gold on credit without an increase in the price?
Answer:
It is not permissible to sell gold for anything other than currency, other than dirhams. If he sells gold for trade goods, for example, for sheep, camels, or food, there is nothing wrong with that. However, if he sells gold for currency, the exchange must take place in the meeting, and deferral is not permissible. If he sells gold for gold of the same kind, or sells it for currency, the exchange must take place in the meeting. Yes.
Source
قناة «العلامة الدكتور صالح الفوزان»، 141/74 شرح زاد المستقنع/ صالح الفوزان — youtube.com (45:47)
The Arabic text is a machine transcription of the audio recording.