Is it permissible to exchange currency for less than its market price?
Machine translationRead the Arabic original
Question:
May Allah reward you, Honorable Shaykh. This questioner says: One of the brothers has foreign currency, and the value of this currency is thirteen riyals. So I said to him: I will give you ten riyals, and you give me this currency you have. Is this permissible?
Answer:
If the currencies are different, there is nothing wrong with an increase or decrease. The Messenger (peace and blessings be upon him) said:Sahih Muslim 1587c. So if the type of currency differs, there is nothing wrong with selling it for more or less, provided that the exchange takes place in the meeting. However, if the currency is of the same type, it is not permissible to exchange it; rather, equality and exchange in the meeting are required.
May Allah reward you, Honorable Shaykh. This questioner says: One of the brothers has foreign currency, and the value of this currency is thirteen riyals. So I said to him: I will give you ten riyals, and you give me this currency you have. Is this permissible?
Answer:
If the currencies are different, there is nothing wrong with an increase or decrease. The Messenger (peace and blessings be upon him) said:
If these classes differ, then sell as you wish if payment is made hand to hand.
إذا اختلفت هذه الأجناس فبيعوا كيف شئتم إذا كان يدا بيد
Source
قناة «العلامة الدكتور صالح الفوزان»، هل يجوز تبديل العملة بأقل من سعرها في السوق؟ لمعالي الشيخ صالح الفوزان — youtube.com
The Arabic text is a machine transcription of the audio recording.
