The Ruling on Selling Gold for Currency and Buying Gold from the Same Shop
Machine translationRead the Arabic original
Question:
Honorable Shaykh, may Allah grant you success. A questioner says: I sell gold for money (currency), and then I buy new gold from the same shop at a different price. Does this fall under riba (usury or interest)?
Answer:
If you have received the money for which you sold the gold, and you have taken possession of it, then you may buy whatever you wish from that shop or from another, but on the condition that you take possession of it first.
Honorable Shaykh, may Allah grant you success. A questioner says: I sell gold for money (currency), and then I buy new gold from the same shop at a different price. Does this fall under riba (usury or interest)?
Answer:
If you have received the money for which you sold the gold, and you have taken possession of it, then you may buy whatever you wish from that shop or from another, but on the condition that you take possession of it first.
Source
المنتقى من أخبار سيد المرسلين 18-07-1438هـ — af.org.sa (51:07)
The Arabic text is a machine transcription of the audio recording.