Difference in the type of currency
Machine translationRead the Arabic original
The questioner:
I mean, the scholars say that the jurists speak of a difference in type, and that the type is derived from the essence.
The Shaykh:
As for the type that is said to differ: No, the type is the currency of each country. The Saudi currency is one type, the Kuwaiti currency is another type, and the American currency is another type. So if you sell dollars for Saudi riyals, it is permissible to make a difference in amount due to the difference in type, because this is a dollar whose country is different from the country of the riyal, so it is a different type. As for Saudi riyals, whether fifty, one hundred, or one riyal, and whether the riyal is made of nickel or paper, this is one type, and it is not permissible to make a difference in amount in it; because it is an issuance of one country that named it the Saudi riyal. The Egyptian [currency] is the same. It is not permissible to make a difference in amount in gold; because it is explicitly stated in the hadith,Sahih al-Bukhari 2176, it is explicitly stated in the hadith, we cannot go beyond the hadith. As for paper money, what is its status? It is independent currency, it is not a substitute for gold and silver, it is independent monetary currency. If we say the operative cause is monetary value, then it is independent currency, not a substitute for gold and silver. Yes.
I mean, the scholars say that the jurists speak of a difference in type, and that the type is derived from the essence.
The Shaykh:
As for the type that is said to differ: No, the type is the currency of each country. The Saudi currency is one type, the Kuwaiti currency is another type, and the American currency is another type. So if you sell dollars for Saudi riyals, it is permissible to make a difference in amount due to the difference in type, because this is a dollar whose country is different from the country of the riyal, so it is a different type. As for Saudi riyals, whether fifty, one hundred, or one riyal, and whether the riyal is made of nickel or paper, this is one type, and it is not permissible to make a difference in amount in it; because it is an issuance of one country that named it the Saudi riyal. The Egyptian [currency] is the same. It is not permissible to make a difference in amount in gold; because it is explicitly stated in the hadith,
Narrated Abu Sa`id: (Concerning exchange) that he heard Allah's Messenger (ﷺ) saying, "Do not sell gold for gold unless equal in weight, and do not sell silver unless equal in weight."
ذهب بالذهب مثلا بمثل
Source
قناة «العلامة الدكتور صالح الفوزان»، 10 من 89|شرح العدة في شرح العمدة|البيوع|باب الربا|صالح الفوزان|الفقه|كبار العلماء — youtube.com (49:45)
The Arabic text is a machine transcription of the audio recording.
