The ruling on purchasing diamonds with an installment price
Machine translationRead the Arabic original
Question:
He says: Honorable Shaykh, may Allah grant you success. If a person buys diamonds and pays the price in installments, and after the amount is paid, the diamonds are sent to him, is this sale valid?
Answer:
There is nothing wrong with it, because what is forbidden is selling gold and silver for a deferred price, because it is like exchanging dirhams for dirhams with a delay. Selling gold and silver for deferred dirhams is not permissible. However, if he sells something other than gold and silver, such as diamonds, which are neither gold nor silver, it is permissible to sell them for an immediate or a deferred price. Yes.
He says: Honorable Shaykh, may Allah grant you success. If a person buys diamonds and pays the price in installments, and after the amount is paid, the diamonds are sent to him, is this sale valid?
Answer:
There is nothing wrong with it, because what is forbidden is selling gold and silver for a deferred price, because it is like exchanging dirhams for dirhams with a delay. Selling gold and silver for deferred dirhams is not permissible. However, if he sells something other than gold and silver, such as diamonds, which are neither gold nor silver, it is permissible to sell them for an immediate or a deferred price. Yes.
Source
شرح زاد المستقنع [57] — alfawzan.live (1:27:35)
The Arabic text is a machine transcription of the audio recording.