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﴿ فَاسْأَلُوا أَهْلَ الذِّكْرِ إِن كُنتُمْ لَا تَعْلَمُونَ ﴾

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What is the ruling on selling gold if the gold is not present?

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Question:
Is it permissible for me to agree with a gold seller that he will bring me gold described in a certain way, which he does not currently have, and we conclude the sale based on this?

Answer:
No, it is not permissible except hand-to-hand. Currency exchange must be hand-to-hand in the same session. Yes.
Source قناة «العلامة الدكتور صالح الفوزان»، ما حكم بيع الذهب إذا كان الذهب ليس حاضرًا؟ لمعالي الشيخ صالح الفوزان — youtube.com

The Arabic text is a machine transcription of the audio recording.

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