Back to search
The question

What is the ruling on a transaction that involves selling a gold factory to a first merchant without taking possession or paying the price, then the factory selling the gold in the market, and the first merchant then selling part of the gold back to the factory and another part to a second merchant, and what is the ruling on working in this factory?

Share this answer

Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 20261 min readAlso available in العربية
The answer

It is not permissible to sell unmanufactured or raw gold for cash on credit, nor is it permissible to sell manufactured gold in this manner, according to the majority of jurists. This is because the characteristic of being a medium of exchange (price) is present in both. Selling gold for cash on credit is prohibited when the types differ and immediate possession is not taken.

If both exchanged items involve deferment (selling on deferred payment with a deferred price), the transaction becomes prohibited. This is due to the scholarly consensus on the impermissibility of selling a debt for a debt.

Regarding the questioner's work as an accountant in this factory, if the factory deals exclusively through this prohibited method, then working there is not permissible, as it constitutes aiding in sin. However, if the factory mixes what is permissible with what is prohibited, then he can work there, provided he is able to avoid the prohibited transactions.

Summarized from the full answer at Ftawy · imported

Read the full answer on Ftawy
Where this answer came from
Source platform
Ftawy
Original fatwa ID
187017
Imported
Translation status
Source text, unreviewed
Read the full ruling
Read the full answer on Ftawy