Selling an old ring and purchasing a new ring
Question
The day when I went to get a new ring, I told them if I can sell, I even asked if I want money I will get. So they wrote the amount of money for me of the old ring. So instead of taking the money from them I gave them more money and took another ring, now does this fall under riba?
Answer
If you sold the first ring for money which they had to pay you, but didn't yet pay you, and thereafter you purchased another ring with other money, then what you had done is not wrong as both these transactions are independent from each other.
And Allah Ta'ala (الله تعالى) knows best.
- Answered by
- Mufti Zakaria Makada
- Checked & approved by
- Mufti Ebrahim Salejee (Isipingo Beach)
Where scholars differ, it’s safer to take the more cautious view.
Fatawa SA is an independent, read-only index of fatawa already published by Mufti Online — Madrasah Ta'leemuddeen. It is not a fatwa service. For your own situation, please ask a Mufti. Report an issue
For corrections or mistakes, please email us at fatawasa786@gmail.com.
Source: Mufti Online — Madrasah Ta'leemuddeen — https://muftionline.co.za/node/34072
Fatawa SA: https://fatawa.co.za/fatwa/muftionline-34072
Related fatawa
Mufti Online13 Apr 2016Wife selling her wedding ringCan the mahr (in this case the wedding ring) given to the bride be sold by the bride due to financial strains?
Ibn Masood28 Jul 2022Selling imitation ringsIs it permissible to sell non-plated gold and silver rings or imitation rings?- Mufti Online29 Apr 2017Resizing ringsIs resizing of rings or other jewellery permissible in Islam? If so, does one have to pay zakat based on the…
Ask Imaam2 Sep 2000Can my 3 month old son wear a gold ring?I know it is haram for an adult man but does the same apply to children? May Allah bless you for your efforts.- Mufti Online10 Dec 2025Selling gold without taking possession of itMany people are buying gold but keeping it at the company they buy it from and when the rate increases they…
Azaadville28 Nov 2022Women Wearing Rings With A Majority Silver ContentWill it be permissible for woman to wear rings which are 30% imitation 70% being pure?