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The question

What should a gold shop owner do with the amount of money received for gold that the buyer did not collect due to not bringing identification?

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

The sale of gold for cash requires immediate possession (taqabud) at the time of the contract. It is not permissible to sell it on installments or with a deferred payment. Purchasing with a credit card (Visa) is often a deferred sale because the seller does not receive the payment immediately, and this is not permissible. However, if the payment reaches the seller's account immediately and at once, then the sale is permissible. In the impermissible case, the amount withdrawn is a trust with the seller, and the questioner must repent. In the permissible case, the gold is a trust with the seller until the buyer takes possession of it.

Summarized from the full answer at Ftawy · imported

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Where this answer came from
Source platform
Ftawy
Original fatwa ID
85305
Imported
Translation status
Source text, unreviewed
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