The Ruling on Buying Gold on Installment
Machine translationRead the Arabic original
Question:
The questioner says: My older sister bought gold through a network, so what is the ruling on buying gold from shops through a network or on easy installments?
Answer:
This is not permissible. When gold is bought with money, if gold is bought with money, it is not permissible to separate before the exchange of possession, because this follows the course of currency exchange. When the Prophet (peace and blessings be upon him) mentioned the items subject to riba (usury or interest), he said, “If these categories differ, sell however you wish, provided it is hand to hand,” meaning the exchange of possession in the assembly. So whoever buys gold or gold or silver jewelry with money, the exchange of possession in the assembly is obligatory, and deferral is not permissible, and it is not permissible to separate before each one takes possession of the other’s money. Yes.
The questioner says: My older sister bought gold through a network, so what is the ruling on buying gold from shops through a network or on easy installments?
Answer:
This is not permissible. When gold is bought with money, if gold is bought with money, it is not permissible to separate before the exchange of possession, because this follows the course of currency exchange. When the Prophet (peace and blessings be upon him) mentioned the items subject to riba (usury or interest), he said, “If these categories differ, sell however you wish, provided it is hand to hand,” meaning the exchange of possession in the assembly. So whoever buys gold or gold or silver jewelry with money, the exchange of possession in the assembly is obligatory, and deferral is not permissible, and it is not permissible to separate before each one takes possession of the other’s money. Yes.
Source
نور على الدرب - الفوزان - 03/055 — archive.org (11:29)
The Arabic text is a machine transcription of the audio recording.