Selling diamonds on installment and taking a commission for bringing in customers
Machine translationRead the Arabic original
The questioner:
He says: Honorable Shaykh, may Allah grant you success. A person buys diamonds and pays the price in installments, and after the full amount is paid, the diamonds are sent to him. Is this sale valid?
The Shaykh:
There is nothing wrong with the sale, because what is forbidden is selling gold and silver for a deferred price, because that would be riba (usury or interest) in dirhams. Selling gold and silver for deferred dirhams is riba. However, if he sells something other than gold and silver, such as diamonds, which are neither gold nor silver, it is permissible to sell them for a spot price or a deferred price.
The questioner:
And is it permissible for me to take a commission for bringing clients to this company?
The Shaykh:
If you are a broker or agent for them and bring them customers, there is nothing wrong with it. This is brokerage. Yes.
He says: Honorable Shaykh, may Allah grant you success. A person buys diamonds and pays the price in installments, and after the full amount is paid, the diamonds are sent to him. Is this sale valid?
The Shaykh:
There is nothing wrong with the sale, because what is forbidden is selling gold and silver for a deferred price, because that would be riba (usury or interest) in dirhams. Selling gold and silver for deferred dirhams is riba. However, if he sells something other than gold and silver, such as diamonds, which are neither gold nor silver, it is permissible to sell them for a spot price or a deferred price.
The questioner:
And is it permissible for me to take a commission for bringing clients to this company?
The Shaykh:
If you are a broker or agent for them and bring them customers, there is nothing wrong with it. This is brokerage. Yes.
Source
قناة «العلامة الدكتور صالح الفوزان»، 063 من 123 / شرح كتاب زاد المستقنع / البيع / الإجارة / صالح الفوزان / الفقه / كبار العلماء — youtube.com (1:17:45)
The Arabic text is a machine transcription of the audio recording.