The ruling on borrowing gold jewelry and repaying it after a month
Machine translationRead the Arabic original
Question:
Honorable Shaykh, may Allah grant you success. A questioner says: Some owners of gold shops borrow gold jewelry. For example, they borrow a kilo of worked gold for a month to cover the cost of the craftsmanship, and after paying the craftsmanship fee, they are left with a kilo of pure gold. Then, when the month is due, they repay the money. He asks: Is this transaction permissible?
Answer:
No, this is riba (usury or interest) and is not permissible. This is riba al-nasi'ah (usury of deferment). It is not permissible except hand-to-hand. Yes.
Honorable Shaykh, may Allah grant you success. A questioner says: Some owners of gold shops borrow gold jewelry. For example, they borrow a kilo of worked gold for a month to cover the cost of the craftsmanship, and after paying the craftsmanship fee, they are left with a kilo of pure gold. Then, when the month is due, they repay the money. He asks: Is this transaction permissible?
Answer:
No, this is riba (usury or interest) and is not permissible. This is riba al-nasi'ah (usury of deferment). It is not permissible except hand-to-hand. Yes.
Source
المنتقى من أخبار سيد المرسلين 26-06-1438 هـ — af.org.sa (51:22)
The Arabic text is a machine transcription of the audio recording.