QUESTION: If I exchange my gold jewelry worth US$ 10,000 to buy mixed diamond and gold jewelry worth US$ 9,000 and rest take cash. Is this permissible and is there any Riba involved in this.
QUESTION: If I exchange my gold jewelry worth US$ 10,000 to buy mixed diamond and gold jewelry worth US$ 9,000 and rest take cash. Is this permissible and is there any Riba involved in this.
26Nov
ANSWER:
You must first sell your gold, cash the money and receive it, then after you have the cash in your hand, you can buy whatever you want or leave the shop
QUESTION: If I exchange my gold jewelry worth US$ 10,000 to buy mixed diamond and gold jewelry worth US$ 9,000 and rest take cash. Is this permissible and is there any Riba involved in this.
