Buying gold with deferred dirhams and riba al-nasi'ah (usury of deferment)
Machine translationRead the Arabic original
The questioner:
Honorable Shaykh, if a man buys gold with deferred dirhams, is this considered riba al-nasi'ah (usury of deferment)?
The Shaykh:
If he buys.
The questioner:
A man buys gold with deferred dirhams.
The Shaykh:
Yes, this is riba al-nasi'ah (usury of deferment). If he sells gold for currency, this is riba al-nasi'ah (usury of deferment). But if he sells it for something other than currency, there is no harm, even if it is deferred. If he sells it for food, sells it for dates, sells it for barley, sells it for cloth, sells it for animals, there is no harm; deferral is permissible. Yes.
Honorable Shaykh, if a man buys gold with deferred dirhams, is this considered riba al-nasi'ah (usury of deferment)?
The Shaykh:
If he buys.
The questioner:
A man buys gold with deferred dirhams.
The Shaykh:
Yes, this is riba al-nasi'ah (usury of deferment). If he sells gold for currency, this is riba al-nasi'ah (usury of deferment). But if he sells it for something other than currency, there is no harm, even if it is deferred. If he sells it for food, sells it for dates, sells it for barley, sells it for cloth, sells it for animals, there is no harm; deferral is permissible. Yes.
Source
شرح بلوغ المرام من أدلة الأحكام [ صالح الفوزان ]، باب الرخصة في العرايا وبيع الأصول والثمار — islamhouse.com (30:54)
The Arabic text is a machine transcription of the audio recording.