What is the ruling on financing the purchase of gold jewelry with payment of the price plus interest in installments over a period of 3 years?

Financing manufactured gold through Murabaha (cost-plus financing) with deferred payment is impermissible according to the majority of scholars. This is because it constitutes selling gold for money that is deferred and paid in installments, which is Islamically prohibited. This prohibition stems from the Prophet Muhammad's (peace be upon him) forbidding the sale of gold for gold unless it is like for like, and his forbidding the sale of something absent for something present. However, some scholars have differed, permitting it on the basis that jewelry has become a commodity.