The reason for not selling gold on credit, unlike other goods
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Question:
This is the last question. He says: Your Excellency mentioned that gold is not sold except for cash, while other goods are sold on installment or on credit. What is the reason for not selling gold? May Allah reward you.
Answer:
The reason is that the sale of goods does not involve riba (usury or interest), whereas selling gold for money involves riba. Not all money involves riba; there is money in which riba does not enter, so it is permissible to sell it for cash or on credit. As for the categories specified by the Messenger (peace and blessings be upon him), which are the six categoriesSahih Muslim 1584e , these are not sold except under conditions that involve riba, either riba al-fadl (usury of excess in a like-for-like exchange) or riba al-nasi'ah (usury of deferment). Ahm.
Yes, gold and silver are six categories: dates for dates,, gold for gold, silver for silver, and by analogy, anything that shares with them the operative cause of riba from the remaining matters that are measured by volume or weight; because the operative cause of riba according to the Hanbalis is measuring by volume or weight, so anything that is measured by volume or weight involves riba.
The presenter:
May Allah pray upon you and upon the Shaykh, and may He bless you, and may Allah pray upon our Prophet Muhammad.
This is the last question. He says: Your Excellency mentioned that gold is not sold except for cash, while other goods are sold on installment or on credit. What is the reason for not selling gold? May Allah reward you.
Answer:
The reason is that the sale of goods does not involve riba (usury or interest), whereas selling gold for money involves riba. Not all money involves riba; there is money in which riba does not enter, so it is permissible to sell it for cash or on credit. As for the categories specified by the Messenger (peace and blessings be upon him), which are the six categories
wheat by wheat, barley by barley, dates by dates
البر بالبر والشعير بالشعير والتمر بالتمرand salt for salt,
والملح بالملح،Yes, gold and silver are six categories: dates for dates,
Wheat for wheat, barley for barley, salt for salt
البر بالبر، الشعير بالشعير، الملح بالملحThe presenter:
May Allah pray upon you and upon the Shaykh, and may He bless you, and may Allah pray upon our Prophet Muhammad.
Source
شرح كتاب الكبائر للإمام محمد بن عبد الوهاب، بداية من باب تشييع الفاحشة في المؤمنين — islamhouse.com (1:16:46)
The Arabic text is a machine transcription of the audio recording.
