The ruling on a bank paying the price of goods purchased in foreign currency in riyals
Machine translationRead the Arabic original
The questioner:
May Allah guide you. A merchant buys goods in German marks and has a balance in a bank here in Saudi Arabia in riyals. The bank pays the price of the goods in riyals to the mark. Is this permissible?
The Shaykh:
Hand to hand, there is no harm in that.
The questioner:
But he does not buy, I mean, he buys from the showroom and buys.
The Shaykh:
If he buys it in foreign currency and then gives it in Saudi riyals or dollars hand to hand, there is nothing wrong with that.
The questioner:
The bank did not give him what it gave him.
The Shaykh:
If he instructed his agent, if he is his agent, there is no harm.
May Allah guide you. A merchant buys goods in German marks and has a balance in a bank here in Saudi Arabia in riyals. The bank pays the price of the goods in riyals to the mark. Is this permissible?
The Shaykh:
Hand to hand, there is no harm in that.
The questioner:
But he does not buy, I mean, he buys from the showroom and buys.
The Shaykh:
If he buys it in foreign currency and then gives it in Saudi riyals or dollars hand to hand, there is nothing wrong with that.
The questioner:
The bank did not give him what it gave him.
The Shaykh:
If he instructed his agent, if he is his agent, there is no harm.
Source
التعليق على إغاثة اللهفان من مصائد الشيطان لابن القيم، بداية من فصل وإذا تدبرت الشريعة وجدتها قد أتت بسد الذرائع إلى المحرمات — islamhouse.com (23:12)
The Arabic text is a machine transcription of the audio recording.