Separation before receiving the full amount in a currency exchange
Machine translationRead the Arabic original
Fatwa number ( 16247 )
Q: A man has five hundred riyals and wants to exchange them, but he finds only three hundred riyals with the grocery store owner, and he will take the rest later. Another person objected and said: This is a type of riba (usury or interest). We ask for your guidance, may Allah guide you and keep your steps steady. Peace be upon you and Allah's mercy and blessings. .
A : It is not permissible for the parties in a currency exchange to separate until each has received the full amount of the exchange. Therefore, it is not permissible for a man who pays another person five hundred riyals to exchange them to take three hundred immediately and the rest after separation, even if the time is short.
Q: A man has five hundred riyals and wants to exchange them, but he finds only three hundred riyals with the grocery store owner, and he will take the rest later. Another person objected and said: This is a type of riba (usury or interest). We ask for your guidance, may Allah guide you and keep your steps steady. Peace be upon you and Allah's mercy and blessings. .
A : It is not permissible for the parties in a currency exchange to separate until each has received the full amount of the exchange. Therefore, it is not permissible for a man who pays another person five hundred riyals to exchange them to take three hundred immediately and the rest after separation, even if the time is short.
Source
www.alifta.gov.sa
The Arabic text is copied verbatim from the original source, without any edits.