Selling gold for silver without immediate exchange in the meeting
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Q2: Is it permissible, if one of our friends buys gold from us and does not pay the price, that we record it in the notebook as a loan? For example: he bought it for 4,850 riyals, so we record a loan of 5,000 riyals against him, or we pay him 150 riyals to complete 5,000 riyals and record 5,000 riyals as a loan against him, or we pay him 5,000 riyals in cash, and he settles with us for what he bought from us, and we record 5,000 riyals as a loan against him? I ask for the ruling on this.
A2: If the situation is as described, then it is not permissible; because it is a sale of gold for silver or what serves as its equivalent, without immediate exchange in the meeting, and that is not permissible.
A2: If the situation is as described, then it is not permissible; because it is a sale of gold for silver or what serves as its equivalent, without immediate exchange in the meeting, and that is not permissible.
Source
www.alifta.gov.sa
The Arabic text is copied verbatim from the original source, without any edits.