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The question

Would demanding a significant increase when exchanging gold jewelry for other pieces of the same type be considered usury (ribā)?

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

It is authentically reported from the Prophet (ﷺ) concerning gold: "Gold for gold, like for like, equal for equal, hand to hand." So, if a gold seller demands an increase over its weight, whether that increase is in weight or an increase in paper currency for the same weight, then that is usury (riba) and is impermissible. The sale of gold for gold must be like for like in weight, and nothing else, such as paper [money] or goods, may be added; otherwise, one falls into usury.

Summarized from the full answer at Ftawy · imported

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Source platform
Ftawy
Original fatwa ID
18214
Imported
Translation status
Source text, unreviewed
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