Ruling on exchanging nine metal riyals for ten paper riyals
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It became famous among the common people a fatwa attributed to you, which is: Exchanging nine metal riyals for ten paper riyals?
Yes, it is valid. I issue a ruling that there is no harm in a person giving a ten-riyal paper note and taking nine metal riyals; because the types are different,And the hadith: (If the types are different, then trade as you wish, provided it is hand to hand).
The questioner: Even if the amount is only its value?The Shaykh: Its value alone according to the government, but in supply and demand, it is not the same. Do you not know that this silver riyal has a paper note in the government's pricing, but now what is it worth?The questioner: It is worth nine riyals for ten paper riyals among people.
The Shaykh: No.
I mean the first silver Arab riyal, what was the paper note worth for the Arab riyal?The questioner: It was fifty-six riyals.
The Shaykh: Now, no, one riyal is worth four or five riyals.
Yes, it is valid. I issue a ruling that there is no harm in a person giving a ten-riyal paper note and taking nine metal riyals; because the types are different,And the hadith: (If the types are different, then trade as you wish, provided it is hand to hand).
The questioner: Even if the amount is only its value?The Shaykh: Its value alone according to the government, but in supply and demand, it is not the same. Do you not know that this silver riyal has a paper note in the government's pricing, but now what is it worth?The questioner: It is worth nine riyals for ten paper riyals among people.
The Shaykh: No.
I mean the first silver Arab riyal, what was the paper note worth for the Arab riyal?The questioner: It was fifty-six riyals.
The Shaykh: Now, no, one riyal is worth four or five riyals.