The Ruling on Selling Gold for Currency and Gold for Gold
Machine translationRead the Arabic original
Question:
The questioner says: If I sell gold for currency, is that permissible? And if I sell gold for gold, is it permissible to increase the amount?
Answer:
If one sells gold for currency, meaning silver, it is permissible hand to hand. If one sells gold for silver hand to hand, there is no harm. As for gold for gold, or silver for silver, it is not permissible except like for like. If it is gold for gold, and silver for silver, there must be equality and immediate exchange; these are two conditions: that this be like that, a dinar for a dinar, a dirham for a dirham, with the exchange taking place in the same session. Yes.
The questioner says: If I sell gold for currency, is that permissible? And if I sell gold for gold, is it permissible to increase the amount?
Answer:
If one sells gold for currency, meaning silver, it is permissible hand to hand. If one sells gold for silver hand to hand, there is no harm. As for gold for gold, or silver for silver, it is not permissible except like for like. If it is gold for gold, and silver for silver, there must be equality and immediate exchange; these are two conditions: that this be like that, a dinar for a dinar, a dirham for a dirham, with the exchange taking place in the same session. Yes.
Source
binbaz.org.sa
The Arabic text is copied verbatim from the original source, without any edits.