Is exchanging riyals for dollars, or the reverse, considered a sale of currency?
Machine translationRead the Arabic original
Question:
Is exchanging riyals for dollars, or the reverse, considered a sale of currency, given that the price differs and increases?
Answer:
What does it count as? It counts as a sale of currency. This exchange is a sale of currency for currency; this is called sarf (currency exchange), the sale of one currency for another. This is sarf. So, if the type differs, for example, selling Saudi riyals for American dollars, it is permissible to have a difference in amount; it is permissible to have an increase between the two currencies due to the difference in type. However, immediate exchange is required. Take this rule with you; take this rule with you. If the type is the same, a difference in amount and deferred exchange are forbidden. If the type differs, a difference in amount is permissible, but deferred exchange is forbidden. Yes.
Is exchanging riyals for dollars, or the reverse, considered a sale of currency, given that the price differs and increases?
Answer:
What does it count as? It counts as a sale of currency. This exchange is a sale of currency for currency; this is called sarf (currency exchange), the sale of one currency for another. This is sarf. So, if the type differs, for example, selling Saudi riyals for American dollars, it is permissible to have a difference in amount; it is permissible to have an increase between the two currencies due to the difference in type. However, immediate exchange is required. Take this rule with you; take this rule with you. If the type is the same, a difference in amount and deferred exchange are forbidden. If the type differs, a difference in amount is permissible, but deferred exchange is forbidden. Yes.
Source
قناة «العلامة الدكتور صالح الفوزان»، هل صرف الريال بالدولار أو العكس يعد من البيع بالنقد؟ للشيخ صالح الفوزان — youtube.com
The Arabic text is a machine transcription of the audio recording.