A man bought a piece of gold for 200 dinars, then after a long period sold it for 3,000 dinars. What is the ruling on this increase?
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The questioner : A man bought a piece of gold for two hundred dinars and kept it for a period of time until the value of gold increased several times over, so he sold it for three thousand dinars. What is the ruling on this increase?
The Shaykh : There is nothing wrong with this increase, and there is no blame on him.
The questioner : Yes.
The Shaykh : The Muslims have always been this way in their buying and selling: they buy goods and wait for the value to increase. Sometimes they buy them for their own use, and then if the value rises significantly and they see a profit in selling them, they sell them, even though they had no intention of selling them beforehand. The important point is that as long as the increase is a result of market conditions, there is no blame on it, even if it increases several times over. Yes.
The Shaykh : There is nothing wrong with this increase, and there is no blame on him.
The questioner : Yes.
The Shaykh : The Muslims have always been this way in their buying and selling: they buy goods and wait for the value to increase. Sometimes they buy them for their own use, and then if the value rises significantly and they see a profit in selling them, they sell them, even though they had no intention of selling them beforehand. The important point is that as long as the increase is a result of market conditions, there is no blame on it, even if it increases several times over. Yes.