FatwaFederal TerritoriesTransactions & Finance
IRSYAD HUKUM SIRI KE-753: HUKUM JUAL BELI EMAS PERHIASAN SECARA TRADE-IN
Is it permissible to trade in an old gold ring for a new one by paying the difference, including by credit card, or must there be two separate sale contracts?
Short answer
Trading in gold jewellery is permitted because jewellery is no longer regarded as currency and falls outside the ribawi cause of price, based on the 96th National Fatwa Committee resolution in 2011.
A reference, not a fatwa. First sentence of the summary below — read the original fatwa and consult your state authority before acting.
- Authority
- Federal Territories Mufti Office
- Date
- Status
- Opinion (irsyad)
- Series
- Irsyad al-Hukum (Umum)
- Topic
- Transactions & Finance
No evidence of gazettement in the source — this is not a gazetted fatwa.
Summary
Trading in gold jewellery is permitted because jewellery is no longer regarded as currency and falls outside the ribawi cause of price, based on the 96th National Fatwa Committee resolution in 2011. Old jewellery may therefore be exchanged for new with an added payment without needing two transactions. Trading in gold coins, bars or dinars is prohibited because it involves riba al-fadl through the extra payment. Credit card payment is treated as cash. For those who follow the majority view that gold jewellery is a ribawi item, the more cautious method is two contracts: sell the old piece first, then buy the new one using the proceeds plus extra money.
Written in our own words from the original fatwa — check the source before acting on it.
Justeru, boleh jual beli emas perhiasan secara (trade-in) seperti tukar emas lama dengan emas baru dan menambah duit tanpa melibatkan dua urusniaga.
Read the full fatwa on the Federal Territories website (new tab)
How to cite
Cite the original fatwa and its authority. Rujuk Fatwa is only where you found it.
Federal Territories Mufti Office. “IRSYAD HUKUM SIRI KE-753: HUKUM JUAL BELI EMAS PERHIASAN SECARA TRADE-IN”, 10 February 2023. https://muftiwp.gov.my/ms/artikel/irsyad-hukum/umum/5528-irsyad-al-fatwa-siri-ke-753-hukum-jual-beli-emas-perhiasan-secara-trade-in. Found via Rujuk Fatwa: https://rujukfatwa.com/en/fatwa/ruling-trade-in-gold-jewellery-exchange/