The ruling on selling old gold for new gold
Machine translationRead the Arabic original
The questioner:
You find some women taking their gold to the shop owner, then choosing the gold they want, then comparing the sale of this gold with the new gold, and then paying the difference. May Allah reward you.
The Shaykh:
He does not buy the new gold from her, and she does not buy the old gold from him and buy the new gold from him. She sells him the old gold, then she buys the new gold from him and gives him the extra amount.
The questioner:
Before calculating, you compare the difference.
The Shaykh:
No, once the gold is gone, it is like-for-like.
The questioner:
Meaning, you first sell it to him, then you take it from him, then you buy it. It happens to you.
The Shaykh:
Yes.
The questioner:
This is correct.
The Shaykh:
This is necessary.
The presenter:
May Allah reward you.
You find some women taking their gold to the shop owner, then choosing the gold they want, then comparing the sale of this gold with the new gold, and then paying the difference. May Allah reward you.
The Shaykh:
He does not buy the new gold from her, and she does not buy the old gold from him and buy the new gold from him. She sells him the old gold, then she buys the new gold from him and gives him the extra amount.
The questioner:
Before calculating, you compare the difference.
The Shaykh:
No, once the gold is gone, it is like-for-like.
The questioner:
Meaning, you first sell it to him, then you take it from him, then you buy it. It happens to you.
The Shaykh:
Yes.
The questioner:
This is correct.
The Shaykh:
This is necessary.
The presenter:
May Allah reward you.
Source
شرح بلوغ المرام [ ابن باز ] [ الشرح الجديد ]، باب الربا — islamhouse.com (2:00)
The Arabic text is a machine transcription of the audio recording.