Is it permissible for me to buy gold for someone for 12,000 Saudi Riyals, then sell it to him for 20,000 Saudi Riyals in monthly installments?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
It is not permissible to sell gold for banknotes unless it is hand-to-hand, without any delay in receiving the price, even for a short time. This is based on the saying of the Prophet (peace be upon him): "Gold for gold, silver for silver, wheat for wheat, barley for barley, dates for dates, and salt for salt – like for like, equal for equal, hand-to-hand. If these types differ, then sell as you wish, provided it is hand-to-hand."
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/55132
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 55132
- 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