Sale of gold, silver and currencies, the conditions of sarf : sale of jewelry with exchange and sale without ringing the register

Fatawa Question

Assalaamu Alaikum Dr. Kahf I am running a business, in a non-Muslim country. We sell jewelry and watches and also do repair. I have 2 questions... and they are about doing business. 1-We get a lot of customers who want to do a trade in when they want to buy something from us. Example they like something for $ 150.00 and they have a silver chain which weighs 70 grams. They trade in the chain we give them credit toward the purchase of the $ 150 charm. So we give them for instance $ 50.00 for their chain and then they owe us $ 100.00. Is this permissible or not ? 2-Is it allowed to sell something and not ring it up on the cash register and put it in the safe. That way it does not show up on the sales record. Now this is the owner of the business who does this and he has paid for the merchandise himself in cash ? Wa JazaaK Allah Kher

Fatwa

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Publication Date

2001-06-20

Main Subjects

Financial and Accounting Sciences
Religion
Islamic Studies

Topics

• Islamic jurisprudence
• Sales
• Gold
• Silver
• Jewelry

No. of Pages

1

Data Type

Fatawa

Language

English

Record ID

BIM-726808

• APA
• MLA
• AMA