The Ruling on Selling Jewelry for Currency on Installments

Question:
If a woman buys gold and wears it for a period, then sells it for a deferred price on installments, is there any issue with that? Does that fall under riba (usury or interest)?

Answer:
There is a distinction here. If she sells it for currency, it falls under riba, because if she sells jewelry for currency, the exchange must take place in the meeting, and deferred sale is not permissible.
Gold for gold, and silver for silver, , the exchange must take place in the meeting. If the possession is delayed or deferred, it becomes the riba of the pre-Islamic age, riba al-nasi'ah (usury of deferment), and refuge is sought in Allah; it is not permissible.
Selling currency for currency on a deferred basis, or selling jewelry for currency on a deferred basis, or without possession in the meeting of the contract, this is explicit riba. The exchange must take place in the meeting. However, if she sells the jewelry for something other than currency, or for food other than currency, there is no harm in deferring it, and this is not riba. If she sells it for something other than currency, such as animals, clothes, fabric, or food, there is no harm in that, due to the difference in type and the difference in the operative cause. Yes.