What is the ruling on selling gold for silver with deferred payment?
Machine translationRead the Arabic original
Question:
This is like the question that has come up regarding dealing in gold and silver debt.
Answer:
It is not permissible to sell gold for silver with deferred payment. The exchange must take place in the presence of both parties. If you sell silver for gold, the exchange must take place in the presence of both parties, such that they do not separate while anything remains between them, as the Prophet (peace and blessings be upon him) said. If they separate while anything remains between them, it becomes riba (usury or interest), specifically the riba of the pre-Islamic age of ignorance, which is riba al-nasi'ah (usury of deferment).
This is like the question that has come up regarding dealing in gold and silver debt.
Answer:
It is not permissible to sell gold for silver with deferred payment. The exchange must take place in the presence of both parties. If you sell silver for gold, the exchange must take place in the presence of both parties, such that they do not separate while anything remains between them, as the Prophet (peace and blessings be upon him) said. If they separate while anything remains between them, it becomes riba (usury or interest), specifically the riba of the pre-Islamic age of ignorance, which is riba al-nasi'ah (usury of deferment).
Source
قناة «العلامة الدكتور صالح الفوزان»، ما حكم بيع الذهب بالفضة مؤجلا؟ للشيخ الفوزان — youtube.com
The Arabic text is a machine transcription of the audio recording.