The Ruling on Exchanging Gold for Gold Without Weighing

The questioner:
If a woman exchanges gold with another woman without weighing it and without any financial increase, 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:
This is not permissible. This is riba. One cannot sell gold for gold without equivalence. It is obligatory that the gold be known by weight. So if a woman exchanges gold with another woman, it is obligatory that they be equal in weight, and it must be a hand-to-hand sale. 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. So now they must return this exchange and sell for something else. She sells the gold for something else, she sells the gold for silver, or for the silver that is present, hand to hand, and then she buys whatever she wishes afterwards.

Another questioner:
Yes, yes, the engravings on the gold.

The questioner:
The engraving, the engraving, I consider it part of the craftsmanship.

Another questioner:
No, it is the same.

The Shaykh:
No, even if the engraving differs, it does not matter, even if the engraving differs, yes.

Another questioner:
Now, let us hear the first question. This hadith of al-Suwaidi, Shaykh, is also in it.

The Shaykh:
There is a transaction. Yes.