Is it permissible to exchange old gold for new gold while paying the price difference to the jeweler?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
It is not permissible to exchange low-quality gold for high-quality gold with the payment of a difference, because that is usury (riba). The evidence for this is the story of Bilal (may Allah be pleased with him) when he brought good dates, and the Prophet (peace and blessings of Allah be upon him) said to him: "Oh, do not do that! That is exactly usury, exactly usury." The correct approach is to sell the low-quality gold for cash, and then buy the high-quality gold with that cash.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/18146
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 18146
- Added here
- . This is when the answer was added to El Fatwa, not the fatwa's date.
- Text
- Summary from Ftawy's records, reviewed by El Fatwa's sharia committee.
- Read the full ruling
- Read the full answer on Ftawy