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Sunday 10 December 2017  
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Home » Social Dealings » Buying and Selling

He bought some Gold and paid some of the price and went to bring the rest from the bank
Question:

What is the ruling regarding someone who bought some gold and finalized the sale agreement for it, then he paid the price and a portion still remained to be paid? Is it permissible for him to go to any place to bring the rest after a short period of time, for example if he goes to the car or he the bank, and he does not receive the gold until he brings the rest of the money? Is this act correct? If not, is he required to redo the sales agreement after he brings rest of the money?
Answer:

It is better that they redo the sales agreement after he brings the rest of the money and there is no harm in that. The only thing that they are repeating is the wording. If they leave the sales agreement off until he bring the rest of the money that is even better, because there is no need for the agreement before the money is present. And Allah gives success

Shaykh Muhammad bin Saalih al-`Uthaymeen
Fatawa Islamiyah Darussalam Vol:4 page no.405
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Marriage and Engagement
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Child Custody
Buying and Selling
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