Selling currency for currency with an increase
Machine translationRead the Arabic original
Question:
He says: Honorable Shaykh, may Allah grant you success. One of my colleagues said to me, "I will give you a check for one thousand dinars, and you will give me one thousand dinars in cash in return, and you will have a specific percentage on that, for example, five percent or ten percent." What is the ruling on this transaction?
Answer:
This is riba (usury or interest). Selling currency for currency, whether deferred or in cash but with an increase, is not permissible. This is riba. It is not permissible to sell currency for currency except hand-to-hand. And if they are of the same type, equality is also required, and an increase is not permissible.
He says: Honorable Shaykh, may Allah grant you success. One of my colleagues said to me, "I will give you a check for one thousand dinars, and you will give me one thousand dinars in cash in return, and you will have a specific percentage on that, for example, five percent or ten percent." What is the ruling on this transaction?
Answer:
This is riba (usury or interest). Selling currency for currency, whether deferred or in cash but with an increase, is not permissible. This is riba. It is not permissible to sell currency for currency except hand-to-hand. And if they are of the same type, equality is also required, and an increase is not permissible.
Source
قناة «العلامة الدكتور صالح الفوزان»، 141/79 شرح زاد المستقنع/ صالح الفوزان — youtube.com (10:18)
The Arabic text is a machine transcription of the audio recording.