The sale of precious stones for one another, in equal or unequal amounts
Machine translationRead the Arabic original
Fatwa No. ( 19245 )
Q: We have a factory that produces diamond jewelry and jewelry inlaid with precious stones. We wish to implement a program that helps limit the loss and unfairness that befalls buyers of this type of product, through exchange. This allows the customer to exchange our jewelry for other diamond jewelry after deducting a limited percentage from the original invoice price, for the same remaining value, or to pay the difference resulting from choosing a piece of the same type that is more expensive. Therefore, we wish to clarify the opinion of the noble Shari'ah on this before implementing it, especially since this program is applied to many products in the market. May Allah guide you all to what He loves and is pleased with
and straighten your steps
A: If the matter is as described, there is nothing wrong with the transaction mentioned; because riba (usury or interest) does not apply to diamonds and precious stones when some are sold for others in equal amounts or with an increase.
Q: We have a factory that produces diamond jewelry and jewelry inlaid with precious stones. We wish to implement a program that helps limit the loss and unfairness that befalls buyers of this type of product, through exchange. This allows the customer to exchange our jewelry for other diamond jewelry after deducting a limited percentage from the original invoice price, for the same remaining value, or to pay the difference resulting from choosing a piece of the same type that is more expensive. Therefore, we wish to clarify the opinion of the noble Shari'ah on this before implementing it, especially since this program is applied to many products in the market. May Allah guide you all to what He loves and is pleased with
and straighten your steps
A: If the matter is as described, there is nothing wrong with the transaction mentioned; because riba (usury or interest) does not apply to diamonds and precious stones when some are sold for others in equal amounts or with an increase.
Source
www.alifta.gov.sa
The Arabic text is copied verbatim from the original source, without any edits.