The Majlis Archive

Finance - Banking - Business The Majlis Vol 28 No 11, p.6

Is it permissible to sell and buy gold jewellery on credit?

Question

Is it permissible to sell and buy gold jewellery on credit?

Answer

It is permissible to sell gold jewellery on credit if the agreed price is NOT paid with gold or silver, but with currency notes. The buyer should be given immediate possession.

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