As you know, the value of the Lebanese pound has dropped in the market, so what is the ruling in the Shari'ah regarding one who buys one million pounds from a bank and takes a check for that?
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The questioner : May Allah preserve you, O Shaykh. As you know, the value of the Lebanese pound has dropped in the market, so what is the ruling in the Shari'ah regarding one who buys one million pounds from a bank and takes a deferred check until the value of the pound rises, and then sells it at a profit? What is your opinion in this matter? May Allah reward you with good.
The Shaykh : I do not see trading in paper currency, nor dealing in it, except within the limits of dire necessity only, so that a person can manage his affairs and meet his needs. As for trading in it, especially in such conditions where some paper currencies fluctuate to the point that trading in them becomes a matter of risk and gambling, that is my opinion in this issue. We have spoken about it in detail in some gatherings, so this amount is sufficient for us at this time.
Yes.
The Shaykh : I do not see trading in paper currency, nor dealing in it, except within the limits of dire necessity only, so that a person can manage his affairs and meet his needs. As for trading in it, especially in such conditions where some paper currencies fluctuate to the point that trading in them becomes a matter of risk and gambling, that is my opinion in this issue. We have spoken about it in detail in some gatherings, so this amount is sufficient for us at this time.
Yes.