The sale of currencies that were not received except by check
Machine translationRead the Arabic original
The questioner:
How is it, Shaykh, the sale of stocks? I mean, what is the clear picture?
The Shaykh:
Or the check.
The questioner:
No, if a person buys currencies and has nothing with him but a check, and he wants to sell these currencies.
The Shaykh:
He must receive the currency, or as we said, this sale is originally invalid. Receiving payment by check is not valid; he must receive the currency he bought. As for receiving a check in its place, that is not sufficient, so the contract is considered invalid because they separated and the second party did not receive the money; he only received a check. Yes.
How is it, Shaykh, the sale of stocks? I mean, what is the clear picture?
The Shaykh:
Or the check.
The questioner:
No, if a person buys currencies and has nothing with him but a check, and he wants to sell these currencies.
The Shaykh:
He must receive the currency, or as we said, this sale is originally invalid. Receiving payment by check is not valid; he must receive the currency he bought. As for receiving a check in its place, that is not sufficient, so the contract is considered invalid because they separated and the second party did not receive the money; he only received a check. Yes.
Source
قناة «العلامة الدكتور صالح الفوزان»، محاضرات في العقيدة والدعوة-026-الربا وخطره|صالح الفوزان|كبار العلماء — youtube.com (1:01:51)
The Arabic text is a machine transcription of the audio recording.