The Ruling on Trading Currencies Before the Hawl
Machine translationRead the Arabic original
Question:
This questioner says: What is the ruling on trading currencies? He means buying a specific currency when its price drops and selling it when its price rises, before the hawl (a lunar year of possession) has passed since he acquired it?
Answer:
There is nothing wrong with that, but it is a condition in the sale of currencies for one another, if they are of the same type, that there be an exchange of possession, and that there be equality in amount. As for if they are of two different types, then excess is permissible, but an exchange of possession in the meeting is required. Yes.
The presenter:
May Allah reward you.
This questioner says: What is the ruling on trading currencies? He means buying a specific currency when its price drops and selling it when its price rises, before the hawl (a lunar year of possession) has passed since he acquired it?
Answer:
There is nothing wrong with that, but it is a condition in the sale of currencies for one another, if they are of the same type, that there be an exchange of possession, and that there be equality in amount. As for if they are of two different types, then excess is permissible, but an exchange of possession in the meeting is required. Yes.
The presenter:
May Allah reward you.
Source
نور على الدرب - الفوزان - 03/239 — archive.org (8:51)
The Arabic text is a machine transcription of the audio recording.