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The question

Is borrowing gold to be returned weight for weight considered usury (riba)?

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

Multiple prophetic texts have been transmitted regarding the categories of usury (riba), among them the of 'Ubadah ibn al-Samit, may Allah be pleased with him. Lending (qard) is permissible by the consensus of Muslims, whether concerning usurious wealth or otherwise. It is a contract of donation, aid, and benevolence, not a contract of sale or exchange. Therefore, immediate possession (al-taqabud al-fawri) is not a condition for it, as it is a condition in usurious sales. If the condition of immediate possession were applied to lending, lending would cease to exist for all usurious wealth.

Summary from Ftawy's records · added here

Reviewed by El Fatwa's sharia committee.

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Ftawy
Original fatwa ID
19467
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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