Is it permissible to buy gold on credit?

Some jewelers sell gold on installment by adding late charge on it. Is it permissible to buy gold like this?

Dear Brother / Sister,

Banknotes are regarded as semen and money but there is disagreement on whether they are like gold and silver.

According to many scholars belonging to Shafii madhhab, it is permissible to sell banknotes in return for gold or silver based on a cash sale or credit sale. According to Hanafi madhhab, it is controversial.

Some scholars say, "If gold is cash and banknotes are given later, it is not permissible."

According to other scholars, banknotes are not like gold and silver; it is permissible if it is sold on credit. (Ibn Abidin, IV/184)

That is, since there are some scholars who say "it is permissible to sell gold", one can act in accordance with them. According to those who say it is permissible to sell gold on credit, it is also permissible to sell gold by credit card.

(Halil GÜNENÇ, Günümüz Meselelerine Fetvalar, I/360)

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