What is the ruling on selling gold on credit?
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The questioner : What is the ruling on selling gold on credit?
The Shaykh : Selling gold on credit is forbidden if it is for something in which deferring payment is not permissible between them, such as selling it for dirhams; that is forbidden for him and not permissible. However, if it is for something in which it is permissible to sell on credit, there is no harm in that, such as selling jewelry for some clothing, equipment, cars, or the like; there is nothing wrong with that.
The questioner : Yes.
The Shaykh : Yes, that is all.
The Shaykh : Selling gold on credit is forbidden if it is for something in which deferring payment is not permissible between them, such as selling it for dirhams; that is forbidden for him and not permissible. However, if it is for something in which it is permissible to sell on credit, there is no harm in that, such as selling jewelry for some clothing, equipment, cars, or the like; there is nothing wrong with that.
The questioner : Yes.
The Shaykh : Yes, that is all.