The Ruling on Selling Gold on Installment
Machine translationRead the Arabic original
Question:
The questioner, Umm Abdullah, says: My sister sold gold jewelry to her friend on installment, and they were both unaware of the ruling. What is required of them now that they have learned of it? May Allah reward you.
Answer:
If she sold the gold jewelry for money, and the money is of a different type than the gold, then there is no harm in that. However, the exchange must take place in the meeting; the entire price must be received in the meeting, and the entire gold must be received in the meeting. The Prophet (peace and blessings be upon him) said:Sahih Muslim 1587c meaning that they exchange possession in the meeting. It is not permissible to pay the price in installments when the price is in money and the item purchased is gold; it is not permissible to pay the price in installments in this case. Yes.
The questioner, Umm Abdullah, says: My sister sold gold jewelry to her friend on installment, and they were both unaware of the ruling. What is required of them now that they have learned of it? May Allah reward you.
Answer:
If she sold the gold jewelry for money, and the money is of a different type than the gold, then there is no harm in that. However, the exchange must take place in the meeting; the entire price must be received in the meeting, and the entire gold must be received in the meeting. The Prophet (peace and blessings be upon him) said:
If these classes differ, then sell as you wish if payment is made hand to hand.
إذا اختلفت هذه الأجناس فبيعوا كيف شئتم إذا كان يدا بيد
Source
نور على الدرب - الفوزان - 03/028 — archive.org (5:25)
The Arabic text is a machine transcription of the audio recording.