The ruling on exchanging currency by paying part of the consideration and deferring the rest
Machine translationRead the Arabic original
Question:
Peace be upon you, Your Eminence, father. The questioner says: I asked a person to exchange five hundred riyals for me, and he said, “I do not have anything but four hundred; the remaining hundred, I will give it to you later.” What is the ruling on this transaction, and is it a sale, or is it merely an exchange?
Answer:
This is an exchanger, and this transaction is not permissible. If he does not have enough money to cover it, he should go a second time and exchange it with his neighbors or with the people of the market, or he should say to him, “I will give you your account tomorrow or soon.” But if you give him part of it, and he takes your money and gives you part of its equivalent, that is not permissible. They must not separate. The Messenger (peace and blessings be upon him) said:
Peace be upon you, Your Eminence, father. The questioner says: I asked a person to exchange five hundred riyals for me, and he said, “I do not have anything but four hundred; the remaining hundred, I will give it to you later.” What is the ruling on this transaction, and is it a sale, or is it merely an exchange?
Answer:
This is an exchanger, and this transaction is not permissible. If he does not have enough money to cover it, he should go a second time and exchange it with his neighbors or with the people of the market, or he should say to him, “I will give you your account tomorrow or soon.” But if you give him part of it, and he takes your money and gives you part of its equivalent, that is not permissible. They must not separate. The Messenger (peace and blessings be upon him) said:
They must not separate while something remains between them.
لا يفترقان وبينهما شيء.
Source
التفسير المفصّل، تفسير من سورة الحجرات إلى سورة الناس [08] — alfawzan.live (1:04:35)
The Arabic text is a machine transcription of the audio recording.