Delayed Payment in selling Gold

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."?

Answer:

This transaction is not permissible. If the 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 said regarding selling gold and silver:
"Sell however you wish, as long as it is hand to hand."

Read more:

Do not sell what you do not own

Question : If I have a sum of money and a person comes to me and says, "I want y...

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 finaliz...

Issues regarding Sales

Question : If a person comes to another person and the first wants a loan from t...

The ruling on buying Products for more than their Price for delayed Payment (i.e., on Credit)

Question : I bought a house for an increased amount from the company where I wor...