The Ruling on Selling Gold for Gold and the Ruling on Zakah in It
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Question:
The questioner, who used the code name (Maryam . A. A), says: She is a person who buys and sells in gold. One day, she sold a set of jewelry to a goldsmith and then bought jewelry from him, adding to the initial value. What is the ruling, O honorable Shaykh? And what is the meaning of the hadith:Sahih al-Bukhari 2176? And is there zakah on gold in detail? May Allah reward you with good.
Answer:
She must take its value and then buy other gold so that it does not become a means to selling gold for gold or silver for silver. If she sells him gold, she takes the price and then buys whatever she wishes from it. If she buys gold hand-to-hand, if she buys silver for gold hand-to-hand, if she buys gold for gold, it must be equal, weight for weight, exactly the same.
The point is that if she sells him gold, she takes the price so that it is not a ruse. She takes the price and then buys from him whatever she wishes. Yes.
The presenter: The presenter says: The honorable Shaykh says: What is the meaning of:Sahih al-Bukhari 2176?
The Shaykh: It means exactly the same, meaning: one mithqal for one mithqal, two mithqals for two mithqals, three for three, one pound for one pound, two pounds for two pounds, exactly the same, weight for weight, exactly the same, hand-to-hand, as the Prophet (peace and blessings be upon him) said: So there is no increase or anything else; they must be equal, weight for weight, whether it is jewelry or currency, it must be weight for weight. Silver is the same. But if they differ, gold for silver, there is no harm, hand-to-hand.
The presenter: And the answer, O honorable Shaykh Abdul Aziz, regarding the zakah on gold?
The Shaykh: Yes?
The presenter: Is zakah obligatory in it—gold?
The Shaykh: Yes, the zakah of gold and silver is obligatory. Zakah is obligatory in them if a lunar year has passed over them and they reach the minimum threshold, whether they are currency, jewelry, or otherwise. Yes.
The questioner, who used the code name (Maryam . A. A), says: She is a person who buys and sells in gold. One day, she sold a set of jewelry to a goldsmith and then bought jewelry from him, adding to the initial value. What is the ruling, O honorable Shaykh? And what is the meaning of the hadith:
Do not sell gold for gold unless equal in weight
الذهب بالذهب مثلاً بمثل سواء بسواءAnswer:
She must take its value and then buy other gold so that it does not become a means to selling gold for gold or silver for silver. If she sells him gold, she takes the price and then buys whatever she wishes from it. If she buys gold hand-to-hand, if she buys silver for gold hand-to-hand, if she buys gold for gold, it must be equal, weight for weight, exactly the same.
The point is that if she sells him gold, she takes the price so that it is not a ruse. She takes the price and then buys from him whatever she wishes. Yes.
The presenter: The presenter says: The honorable Shaykh says: What is the meaning of:
Do not sell gold for gold unless equal in weight
الذهب بالذهب مثلًا بمثلThe Shaykh: It means exactly the same, meaning: one mithqal for one mithqal, two mithqals for two mithqals, three for three, one pound for one pound, two pounds for two pounds, exactly the same, weight for weight, exactly the same, hand-to-hand, as the Prophet (peace and blessings be upon him) said:
Gold for gold, equal for equal, exactly the same, weight for weight
الذهب بالذهب مثلًا بمثل سواء بسواء وزنًا بوزنThe presenter: And the answer, O honorable Shaykh Abdul Aziz, regarding the zakah on gold?
The Shaykh: Yes?
The presenter: Is zakah obligatory in it—gold?
The Shaykh: Yes, the zakah of gold and silver is obligatory. Zakah is obligatory in them if a lunar year has passed over them and they reach the minimum threshold, whether they are currency, jewelry, or otherwise. Yes.
Source
binbaz.org.sa
The Arabic text is copied verbatim from the original source, without any edits.