Is it permissible to sell gold for gold?
Machine translationRead the Arabic original
The questioner : But what if the increase is in gold, such that one exchanges it for other gold and takes an increase in the other gold?
The Shaykh : Selling gold for gold is not permissible except weight for weight.
The questioner : Yes.
The Shaykh : As established by the hadith from the Messenger (peace and blessings be upon him), and hand to hand as well. So if you sell gold for gold, even if they differ in quality, meaning one is purer than the other, it is not permissible except like for like, exactly equal, hand to hand.
The questioner : Yes.
The Shaykh : So if you take two mithqals of eighteen-carat gold for one and a half mithqals of twenty-four-carat gold, then this is forbidden and not permissible, because equality is required. And if you take two mithqals of gold for two mithqals of gold, but the possession of one is delayed, then it is not permissible either, because possession must be taken in the session of the contract.
The questioner : Yes.
The Shaykh : Similarly, selling gold for the known paper currency is not permissible. If a person buys gold from a merchant or a goldsmith, he is not allowed to part from him until he hands over the full value, because these paper currencies are in the position of silver, and selling gold for silver requires mutual possession in the session of the contract before parting.
The questioner : Yes, is the difference in it with an increase or decrease permissible? ... the value?
The Shaykh : If the type differs.
The questioner : Yes.
The Shaykh : Then there is no harm in the increase or decrease, due to the saying of the Messenger (peace and blessings be upon him):Sahih Muslim 1587c.
The questioner : Hand to hand, yes.
Her last question says.
The Shaykh : Selling gold for gold is not permissible except weight for weight.
The questioner : Yes.
The Shaykh : As established by the hadith from the Messenger (peace and blessings be upon him), and hand to hand as well. So if you sell gold for gold, even if they differ in quality, meaning one is purer than the other, it is not permissible except like for like, exactly equal, hand to hand.
The questioner : Yes.
The Shaykh : So if you take two mithqals of eighteen-carat gold for one and a half mithqals of twenty-four-carat gold, then this is forbidden and not permissible, because equality is required. And if you take two mithqals of gold for two mithqals of gold, but the possession of one is delayed, then it is not permissible either, because possession must be taken in the session of the contract.
The questioner : Yes.
The Shaykh : Similarly, selling gold for the known paper currency is not permissible. If a person buys gold from a merchant or a goldsmith, he is not allowed to part from him until he hands over the full value, because these paper currencies are in the position of silver, and selling gold for silver requires mutual possession in the session of the contract before parting.
The questioner : Yes, is the difference in it with an increase or decrease permissible? ... the value?
The Shaykh : If the type differs.
The questioner : Yes.
The Shaykh : Then there is no harm in the increase or decrease, due to the saying of the Messenger (peace and blessings be upon him):
If these classes differ, then sell as you wish if payment is made hand to hand.
إذا اختلفت هذه الأصناف فبيعوا كيف شئتم إذا كان يداً بيدThe questioner : Hand to hand, yes.
Her last question says.