Is it permissible to sell currency for currency, such as selling riyals for dirhams?
Machine translationRead the Arabic original
Question:
Honorable Shaykh, may Allah grant you success. The questioner asks: Is it permissible to sell currency for currency, such as selling riyals for dirhams?
Answer:
This is currency exchange; this is called currency exchange. This falls under the chapter of riba (usury or interest) and currency exchange. Yes.
Honorable Shaykh, may Allah grant you success. The questioner asks: Is it permissible to sell currency for currency, such as selling riyals for dirhams?
Answer:
This is currency exchange; this is called currency exchange. This falls under the chapter of riba (usury or interest) and currency exchange. Yes.
Source
قناة «العلامة الدكتور صالح الفوزان»، [1540 -3022] هل يجوز بيع النقود بالنقود كأن يبيع ريالات بهلالات مثلاً؟ - الشيخ صالح الفوزان — youtube.com
The Arabic text is a machine transcription of the audio recording.