What is the ruling on trading in currencies?
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The questioner : What is the ruling on trading in currencies?
The Shaykh : In?
The questioner : Currencies.
The Shaykh : Trading in currencies is permissible, but it is obligatory that when dealing in currencies, the exchange must take place in the presence of both parties. So if you want to exchange Saudi riyals for US dollars, there is nothing wrong with it, but on the condition that the exchange takes place between the two parties in the meeting before they separate. Yes.
The questioner : May Allah reward you. This questioner says.
The Shaykh : In?
The questioner : Currencies.
The Shaykh : Trading in currencies is permissible, but it is obligatory that when dealing in currencies, the exchange must take place in the presence of both parties. So if you want to exchange Saudi riyals for US dollars, there is nothing wrong with it, but on the condition that the exchange takes place between the two parties in the meeting before they separate. Yes.
The questioner : May Allah reward you. This questioner says.