Pledging gold in silver
Machine translationRead the Arabic original
Q4: What is the ruling on gold, which comes in two types? The first type is: a friend comes to us with gold and asks for a sum of money. We give him the sum and take the gold in exchange for the sum until he repays it. The other type is: if someone buys gold from us and part of the value remains, we hold some of the gold as a pledge for the remaining amount.
A4: First: Pledging gold in silver, or silver in gold, is permissible. Second: It is not permissible to sell gold for silver except hand-to-hand, and the second scenario mentioned is not permissible.
A4: First: Pledging gold in silver, or silver in gold, is permissible. Second: It is not permissible to sell gold for silver except hand-to-hand, and the second scenario mentioned is not permissible.
Source
www.alifta.gov.sa
The Arabic text is copied verbatim from the original source, without any edits.