A question regarding dealing in paper currency.
Machine translationRead the Arabic original
The questioner : First, we have some brothers who work in converting currency from Saudi to Sudanese. One person comes and hands over the amount he wants to the other; for example, he wants it converted to Sudan, so he hands over about a thousand riyals. The brother here hands him a note for a trader he cooperates with in Sudan, and that brother hands him the amount in Sudanese currency. Is this permissible?
The Shaykh : In our belief, it is not permissible.
The questioner : ...
The Shaykh : This is a problem. There is no evidence in this matter that every person can understand, because this problem is a recent occurrence. As you know, there was no paper currency in the time of the Prophethood and the Message; there was only currency in gold, silver, and copper, namely dinars, dirhams, or fulus. There was no paper currency, which appeared only a century or two ago in the later eras. This paper currency has no intrinsic value; its value is relative to the gold stored for it in each country, and each country has its own custom. So when you convert one currency to another, it is as if you are converting gold to gold, because this paper currency has no intrinsic value; its value lies in what is stored for it in the banks of the countries that issued it. So when it is converted in this manner, it is as if you converted gold by way of a loan, which is not permissible, as stated in the hadith: meaning in cash. Since this currency is a substitute for gold currency, it must be treated like gold, so excess is not permissible in it. For this reason, it is not permissible for a Muslim to trade in the exchange of these currencies by watching their rise and fall to buy and sell according to what suits him. From this perspective, we see that it is not permissible to convert this except first hand-to-hand, and within the limits of need and necessity, so it is not in ... .
The questioner : The regular voluntary prayers, specifically the Fajr sunnah, if a day or two has passed, are they made up?
The Shaykh : May Allah bless you. The past time is not a negative or positive cause, but the important thing is that it not be done with intention. If it was due to forgetfulness or sleep, and as we know from the saying of the Messenger (peace and blessings be upon him).
The Shaykh : In our belief, it is not permissible.
The questioner : ...
The Shaykh : This is a problem. There is no evidence in this matter that every person can understand, because this problem is a recent occurrence. As you know, there was no paper currency in the time of the Prophethood and the Message; there was only currency in gold, silver, and copper, namely dinars, dirhams, or fulus. There was no paper currency, which appeared only a century or two ago in the later eras. This paper currency has no intrinsic value; its value is relative to the gold stored for it in each country, and each country has its own custom. So when you convert one currency to another, it is as if you are converting gold to gold, because this paper currency has no intrinsic value; its value lies in what is stored for it in the banks of the countries that issued it. So when it is converted in this manner, it is as if you converted gold by way of a loan, which is not permissible, as stated in the hadith:
Gold for gold, hand to hand, equal in amount
الذَّهَب بالذَّهَب يدًا بيد مِثلًا بمثل هاءً بهاءThe questioner : The regular voluntary prayers, specifically the Fajr sunnah, if a day or two has passed, are they made up?
The Shaykh : May Allah bless you. The past time is not a negative or positive cause, but the important thing is that it not be done with intention. If it was due to forgetfulness or sleep, and as we know from the saying of the Messenger (peace and blessings be upon him).
Source
www.al-albany.com
The Arabic text is copied verbatim from the original source, without any edits.