Is it permissible to exchange one currency for another?
Machine translationRead the Arabic original
Question:
A questioner asks: Is it permissible to exchange the French franc for the Algerian dinar? Please inform us. May Allah reward you with good.
Answer:
It is permissible to exchange currencies with one another, and this is called sarf (currency exchange). Exchanging currencies and money with one another is what the scholars call sarf. However, if the currencies are of the same type, meaning currencies of the same country, they are of one type, and it is not permissible to make a difference in amount between them, nor is it permissible to defer the exchange. As for when the currencies are different, from different countries, French for Algerian, Egyptian for such and such, there is no harm in making a difference in amount between them, but the exchange must be completed in the meeting place.
A questioner asks: Is it permissible to exchange the French franc for the Algerian dinar? Please inform us. May Allah reward you with good.
Answer:
It is permissible to exchange currencies with one another, and this is called sarf (currency exchange). Exchanging currencies and money with one another is what the scholars call sarf. However, if the currencies are of the same type, meaning currencies of the same country, they are of one type, and it is not permissible to make a difference in amount between them, nor is it permissible to defer the exchange. As for when the currencies are different, from different countries, French for Algerian, Egyptian for such and such, there is no harm in making a difference in amount between them, but the exchange must be completed in the meeting place.
Source
قناة «العلامة الدكتور صالح الفوزان»، هل يجوز بيع العملة بعملة غيرها؟ للشيخ الفوزان — youtube.com
The Arabic text is a machine transcription of the audio recording.