Praise be to Allaah.
In the name of Allah, the Most Gracious, the Most Merciful.
May Allah send blessings and peace upon the Messenger of Allah and his
family and Companions, and those who follow his guidance.
It is proven that the Noble Prophet (blessings and peace of
Allah be upon him) said concerning gold: “Gold for gold, like for like, same
for same, hand to hand.” If this goldsmith or seller of the gold asks for
more than the weight, then he has fallen into riba. If the weight of the
jewellery is 20 mithqaals and his gold is of the same weight, but he wants
extra cash along with the exchanged gold, this is not permissible because
this cash is in return for part of what he is giving, so he will be selling
gold for a lesser amount of the same, and the Messenger (blessings and peace
of Allah be upon him) said, “Like for like, same for same.” The point is
that if he sells gold for gold, it has to be equal amounts, and cannot be
more, whether it is more of the same or something else. If one of them adds
cash or some other goods, this is riba, because the Messenger (blessings and
peace of Allah be upon him) said: “Like for like, same for same, hand to
hand.” Thus it is known that this is a type of riba. End quote.
Shaykh ‘Abd al-‘Azeez ibn Baaz (may Allah have mercy on him).