Ruling on selling nine metal riyals for ten paper riyals
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A question with two parts: We heard, O Shaykh, that you issued a ruling permitting the sale of nine metal riyals for ten paper riyals. Is this correct? And if the answer is yes, what is your opinion now that some people have exploited this ruling by selling four metal riyals for five paper riyals, and it has become a trade? For if I were to open a shop in this manner and sell in large quantities—for example, starting with a sum of one million riyals—the profit would be enticing.
The ruling is correct,Meaning: The transmission of the ruling from us is correct, and we still issue this ruling, that it is permissible for a person to take nine riyals of iron for ten riyals of paper,Due to the generality of the hadith: (If the categories differ, then sell as you wish) and there is no harm in a person trading with them; because there is benefit for both parties. The one who took the nine for ten benefited by dealing with these nine; because perhaps he would not be able to contact his associates except with this currency. And the one who took the increase also benefited. Then, this person who gave you the nine did not take them out of his shop; rather, he brought them from the Monetary Agency, or from another place, so he performed a task and brought them to this shop. And if the matter becomes large and in millions, we say: That is the favor of Allah, which He grants to whom He wills. And if Allah has made selling lawful, then we do not restrict the servants of Allah except with a legal proof. So the original principle is that all sales are lawful and that riba is forbidden,This original principle: [al-Baqarah: 275] .
The ruling is correct,Meaning: The transmission of the ruling from us is correct, and we still issue this ruling, that it is permissible for a person to take nine riyals of iron for ten riyals of paper,Due to the generality of the hadith: (If the categories differ, then sell as you wish) and there is no harm in a person trading with them; because there is benefit for both parties. The one who took the nine for ten benefited by dealing with these nine; because perhaps he would not be able to contact his associates except with this currency. And the one who took the increase also benefited. Then, this person who gave you the nine did not take them out of his shop; rather, he brought them from the Monetary Agency, or from another place, so he performed a task and brought them to this shop. And if the matter becomes large and in millions, we say: That is the favor of Allah, which He grants to whom He wills. And if Allah has made selling lawful, then we do not restrict the servants of Allah except with a legal proof. So the original principle is that all sales are lawful and that riba is forbidden,This original principle: