Leeson 9 Flashcards
1
Q
What is Bay’-us-sarf
A
It is the transaction where both the merchandise and
payments is in gold or silver.
2
Q
What are the rules
A
The transaction of gold and silver cannot be on a credit basis. It has to be done on a cash basis.
When exchanging gold the quantity must be the same but the quality can be different
.
The same rule will apply to silver i.e. both weights should be the same.
If gold is exchanged for silver then the weights dont need to be the same
Gold and silver transactions must be done in cash,
e.g. a necklace has diamonds and gold you must buy the gold for cash and take the diamonds on credit.
