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﴿ فَاسْأَلُوا أَهْلَ الذِّكْرِ إِن كُنتُمْ لَا تَعْلَمُونَ ﴾

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Relying on a guarantee note in lieu of hand-to-hand exchange in currency exchange

Machine translationRead the Arabic original
The questioner:
Honorable Shaykh, may Allah grant you success. A questioner says: Is it sufficient to forgo the hand-to-hand exchange in currency exchange? Is it sufficient to forgo the hand-to-hand exchange in currency exchange if I take a note from the person with whom I will exchange, guaranteeing my right, on the condition that I take this currency at another time?

The Shaykh:
I did not understand what the question is. Repeat the question.

The questioner:
Is it sufficient to forgo the hand-to-hand exchange in exchange?

The Shaykh:
Once.

The questioner:
The hand-to-hand exchange is the taking possession.

The Shaykh:
Hand-to-hand exchange, yes.

The questioner:
He says: Is it sufficient to forgo the hand-to-hand exchange in currency exchange if I take a note from the person with whom I will exchange currencies, guaranteeing my right, on the condition that I take...

The Shaykh:
It is not permissible to separate while there is something between them. The hand-to-hand exchange in the same session is necessary. If the types differ, sell however you wish, provided it is hand-to-hand, meaning a hand-to-hand exchange. Yes.
Source شرح كتاب المنتقى من أخبار المصطفى صلى الله عليه وسلم، بداية من باب النهي عن ثمن عسب الفحل — islamhouse.com (53:19)

The Arabic text is a machine transcription of the audio recording.

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