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The question

Is it permissible to exchange old gold for new gold while paying the difference in value to the goldsmith?

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Source: FtawySummary from Ftawy's records · added here Sep 2, 20261 min readAlso available in العربية
The answer

It is not permissible to exchange low-quality gold for high-quality gold with the payment of a difference, as this is forbidden and is precisely usury (riba). This is indicated by the Prophet's (peace and blessings be upon him) prohibition to Bilal (may Allah be pleased with him) from selling two sa's of low-quality dates for one sa' of good quality dates. The correct approach is to sell the low-quality gold for dirhams, and then use the dirhams to buy high-quality gold.

Summary from Ftawy's records · added here

Reviewed by El Fatwa's sharia committee.

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Where this answer came from
Source platform
Ftawy
Original fatwa ID
18105
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.
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Read the full answer on Ftawy