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Delayed Payment in selling Gold
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Question:
What is the ruling on whoever buys some gold and he still has a balance to pay on its price and he says,''I will bring it to you when I am able.''?
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Answer:
This transaction is not permissible. If a person did so, the sales agreement is correct regarding what the merchant took for it and it is invalid regarding what he did not take (i.e.,the unpaid balance ).This is because the prophet-Sallallahu alaihi wasallam- said regarding selling gold and silver:''Sell however you wish, as long as it is hand to hand.''[1]
1.Muslim no. 1587
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Shaykh Muhammad bin Saalih al-`Uthaymeen
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Fatawa Islamiyah Darussalam
Vol:4 page no.408
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Other subjects of interest:
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