The Ruling on Buying Currencies and Entering Them into Trade
Machine translationRead the Arabic original
Question:
He says to you: Inform us, is it permissible to trade in these days in Dant Ar'ab? Is it permissible? Is it permissible to trade in currencies, like some other currencies, if the value of the paper money he buys decreases?
Answer:
There is nothing wrong with a person buying currencies and saving them, and if their price rises, he sells them as currency exchange, but with mutual possession (taqabudh) when he buys them and mutual possession when he sells them. There is nothing wrong with this if the type differs; for example, he sells currencies of one type for currencies of a different type, such as buying Lebanese currencies with Saudi riyals, then keeping them with him, and if they rise in value, he sells them for another currency of a different type, but with mutual possession in their purchase and in their sale.
He says to you: Inform us, is it permissible to trade in these days in Dant Ar'ab? Is it permissible? Is it permissible to trade in currencies, like some other currencies, if the value of the paper money he buys decreases?
Answer:
There is nothing wrong with a person buying currencies and saving them, and if their price rises, he sells them as currency exchange, but with mutual possession (taqabudh) when he buys them and mutual possession when he sells them. There is nothing wrong with this if the type differs; for example, he sells currencies of one type for currencies of a different type, such as buying Lebanese currencies with Saudi riyals, then keeping them with him, and if they rise in value, he sells them for another currency of a different type, but with mutual possession in their purchase and in their sale.
Source
ادخار العملات للتجارة — alfawzan.live
The Arabic text is a machine transcription of the audio recording.