Selling Currency in the Black Market
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The third question of Fatwa No. ( 4385 )
Q3: What is your opinion regarding a person who receives a salary in a currency other than his home country's currency and is forced to sell it in the black market? Because banks buy it at a low price compared to the market, as a brother also asked about this, explaining that there are no banks for foreign currencies in his country at all.
A3 : It is permissible to sell it in the black market with immediate exchange of possession at the time of the contract, whether or not there is a bank in his country. And success is from Allah, and may Allah send prayers and blessings upon our Prophet Muhammad, his family, and his Companions.
Q3: What is your opinion regarding a person who receives a salary in a currency other than his home country's currency and is forced to sell it in the black market? Because banks buy it at a low price compared to the market, as a brother also asked about this, explaining that there are no banks for foreign currencies in his country at all.
A3 : It is permissible to sell it in the black market with immediate exchange of possession at the time of the contract, whether or not there is a bank in his country. And success is from Allah, and may Allah send prayers and blessings upon our Prophet Muhammad, his family, and his Companions.
Source
www.alifta.gov.sa
The Arabic text is copied verbatim from the original source, without any edits.