The Ruling on Exchanging Gold for Gold Without Weighing

The questioner:
If a woman exchanges gold for gold without weighing it, and without any increase in value, what is the ruling on that? Is it considered riba (usury or interest)? And if it is riba, which type of riba is it?

The Shaykh:
It is not permissible to do this in riba (usury or interest); selling gold for gold without equivalence is a case of riba al-fadl (usury of excess in a like-for-like exchange). The gold must be weighed, so if a woman sells gold to another woman or exchanges gold for gold, it must be equal in weight and exchanged hand to hand. In fact, they must be equal, meaning two mithqals for two mithqals, ten for ten, one hundred mithqals for one hundred mithqals. There is no equivalence, based on the saying of the Prophet (peace and blessings be upon him): gold for gold , hand to hand. Therefore, they must return this exchange and sell it for something else. She sells the gold for something else, selling the gold for silver, or for the silver that is present, hand to hand, and then she may buy whatever she wishes afterwards.

Another questioner:
Yes, yes, yes.

The questioner:
The engraving, the engraving, I and the craft in the flower, the craft.

Another questioner:
No, it is the same.

The Shaykh:
Even if the engraving differs, it is not to be trusted by them, the time and the time equally, even if the engraving differs.

The questioner:
Yes, regarding the first question, this hadith of al-Suwaydi, O Shaykh, also contains a defect.

The Shaykh:
There is an operation, some of the obstacles, the body, yes.