What is the ruling on buying checks from banks and selling them at a higher price?
Machine translationRead the Arabic original
Question:
He says: What is the ruling on buying checks from banks for one hundred riyals and selling them for one hundred and twenty riyals?
Answer:
There is nothing wrong with that if they are sold for something of a different type. If they are sold for currency of a different type, there is nothing wrong with the difference in amount or the increase. However, if they are sold for something of the same type, it is not permissible to have a difference in amount; they must be equal.
He says: What is the ruling on buying checks from banks for one hundred riyals and selling them for one hundred and twenty riyals?
Answer:
There is nothing wrong with that if they are sold for something of a different type. If they are sold for currency of a different type, there is nothing wrong with the difference in amount or the increase. However, if they are sold for something of the same type, it is not permissible to have a difference in amount; they must be equal.
Source
قناة «العلامة الدكتور صالح الفوزان»، ما حكم شراء الشيكات من البنوك وبيعها بسعر أزيد؟ للشيخ الفوزان — youtube.com
The Arabic text is a machine transcription of the audio recording.