What is the ruling on selling gold on credit?
Machine translationRead the Arabic original
Question:
Honorable Shaykh, may Allah grant you success, he says: What is the ruling on selling gold on credit?
Answer:
Selling gold on credit for anything other than gold, silver, or currency—selling it for food, selling it for dates, selling it on a deferred basis—does not contradict the ruling. However, selling it for currency is not permissible except in a present transaction where the exchange takes place in the same session, because this is currency exchange.
Honorable Shaykh, may Allah grant you success, he says: What is the ruling on selling gold on credit?
Answer:
Selling gold on credit for anything other than gold, silver, or currency—selling it for food, selling it for dates, selling it on a deferred basis—does not contradict the ruling. However, selling it for currency is not permissible except in a present transaction where the exchange takes place in the same session, because this is currency exchange.
Source
قناة «العلامة الدكتور صالح الفوزان»، [1629 -3022] ما حكم بيع الذهب دينا؟ - الشيخ صالح الفوزان — youtube.com
The Arabic text is a machine transcription of the audio recording.