The Ruling on Selling Gold and Jewelry with Deferred Payment
Machine translationRead the Arabic original
Question:
Honorable Shaykh, is it permissible to buy gold and jewelry with a yellow bar, where the buyer exits the same session having paid the value?
Answer:
This is a matter of riba (usury or interest). If the jewelry is gold or silver, it is not permissible except for immediate exchange in the session. If it is sold for gold or silver currency, or for its own kind of gold or silver, immediate exchange in the session is required. However, if the jewelry is not gold or silver, but rather black stones or precious jewelry other than gold and silver, there is no harm in selling it even if the payment is delayed, even if they separate before the payment is received. There is no harm in this, as it does not involve riba.
Yes, the conclusion is that if the jewelry is gold and silver, immediate exchange in the session is required if it is sold for currency. If the jewelry is not gold or silver, such as diamonds, precious stones, and other valuable items, it is permissible to sell them and permissible to separate before receiving the payment, because riba does not apply to them.
Honorable Shaykh, is it permissible to buy gold and jewelry with a yellow bar, where the buyer exits the same session having paid the value?
Answer:
This is a matter of riba (usury or interest). If the jewelry is gold or silver, it is not permissible except for immediate exchange in the session. If it is sold for gold or silver currency, or for its own kind of gold or silver, immediate exchange in the session is required. However, if the jewelry is not gold or silver, but rather black stones or precious jewelry other than gold and silver, there is no harm in selling it even if the payment is delayed, even if they separate before the payment is received. There is no harm in this, as it does not involve riba.
Yes, the conclusion is that if the jewelry is gold and silver, immediate exchange in the session is required if it is sold for currency. If the jewelry is not gold or silver, such as diamonds, precious stones, and other valuable items, it is permissible to sell them and permissible to separate before receiving the payment, because riba does not apply to them.
Source
شرح بلوغ المرام من أدلة الأحكام [ صالح الفوزان ]، بداية من باب الصلح — islamhouse.com (4:51)
The Arabic text is a machine transcription of the audio recording.