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The question

What is the ruling on buying and selling gold at the mentioned price, where the selling price is higher and the buying price is lower for the same jewelry, considering it broken gold when reselling it?

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

It is permissible to sell gold for silver or for banknotes without equality in quantity, and the price is according to the agreement of the two parties, provided that possession takes place in the contract session. Thus, there is no blame on gold manufacturers to buy gold at a lower price and sell it at a higher price, because Allah has permitted trade and allowed profit, while the Lawgiver encourages leniency in buying and selling.

Summarized from the full answer at Ftawy · imported

Read the full answer on Ftawy
Source platform
Ftawy
Original fatwa ID
115421
Imported
Translation status
Source text, unreviewed
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