The Ruling on Hoarding Foreign Currency and Selling It at a High Price
Machine translationRead the Arabic original
Question:
Honorable Shaykh, may Allah grant you success. A questioner from outside this country says: In our country, some merchants buy certain foreign currencies at a high price until the supply in the market decreases, and then they sell them at a high price. Is this act considered hoarding? Is it permissible or forbidden?
Answer:
It harms Muslims in their markets. It is forbidden.
Honorable Shaykh, may Allah grant you success. A questioner from outside this country says: In our country, some merchants buy certain foreign currencies at a high price until the supply in the market decreases, and then they sell them at a high price. Is this act considered hoarding? Is it permissible or forbidden?
Answer:
It harms Muslims in their markets. It is forbidden.
Source
قناة «العلامة الدكتور صالح الفوزان»، 127-2 من 148|شرح كتاب المنتقى|المناسك|طواف القدوم والرمل والاضطباع فيه|صالح الفوزان|الفقه — youtube.com (1:15:20)
The Arabic text is a machine transcription of the audio recording.