The ruling on selling dollars after their price has risen
Machine translationRead the Arabic original
Question:
He says: I bought 10,000 dollars from a person for 25,000 Saudi riyals. When I learned that the price of the dollar had risen, I sold it for 35,000 Saudi riyals. Is this a type of riba (usury or interest)? The condition of immediate exchange applies if you accepted the dollars and took possession of them, and then sold them for a profit; there is no harm in that.
Answer:
The rise in price is considered an increase due to the rise in price, and there is no harm in that. However, the condition of immediate exchange applies in the first contract when you bought, and in the second contract when you sold; immediate exchange is necessary. As for the difference in amount between them, there is no harm, because they differ in type: this is the Saudi riyal, and that is the American dollar. The type is different, so it is permissible to have a difference in amount between them. Yes.
He says: I bought 10,000 dollars from a person for 25,000 Saudi riyals. When I learned that the price of the dollar had risen, I sold it for 35,000 Saudi riyals. Is this a type of riba (usury or interest)? The condition of immediate exchange applies if you accepted the dollars and took possession of them, and then sold them for a profit; there is no harm in that.
Answer:
The rise in price is considered an increase due to the rise in price, and there is no harm in that. However, the condition of immediate exchange applies in the first contract when you bought, and in the second contract when you sold; immediate exchange is necessary. As for the difference in amount between them, there is no harm, because they differ in type: this is the Saudi riyal, and that is the American dollar. The type is different, so it is permissible to have a difference in amount between them. Yes.
Source
تبادل العملات والتجارة بها — alfawzan.live
The Arabic text is a machine transcription of the audio recording.