The Ruling on Buying Gold on Installment

Question:
All right. If we write it down, we will suffice with this question, because there is some interference between us and you. Honorable Shaykh, a questioner says: As for buying gold, I buy gold from shops, either through the network or on installments. What is the Shaykh's view on that?

Answer:
No, installments are not allowed. Gold for gold, or gold for silver, requires immediate exchange. If it is gold for gold, two conditions are required: equality in amount and immediate exchange in the meeting. If the types differ, such as selling gold for silver, one condition is required: immediate exchange in the meeting, and difference in amount is permissible. As for buying it with something other than gold and silver, with something other than currency, buying it with something other than currency, such as buying it with cloth, a car, or something else, trade goods, there is no harm in deferring the payment. Yes.