Question
Is it permissible to buy gold jewellery on account? If the gold also has diamonds, will the ruling differ?
Answer
Gold whether in the form of jewellery or any other form may not be purchased on account. It must be a cash deal.
Even if the gold is encrusted with diamonds, the sale must also be cash. However , a way of buying such an item on account is to value the gold and the diamonds separately. For example, if the value of the gold in the jewellery is R10,000 and the value of the diamonds is R8,000, then at least R10,000 must be paid in cash. The R8,000 balance could be paid over a period.
- Source
- themajlis.co.za
- Published in
- The Majlis Vol 27 No 02
- PDF page
- 10
Verbatim verified against the source PDF
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