A merchant who purchases his goods from abroad, where the paper currency is subject to rising and falling, buys foreign currency in advance of the payment date to guard against loss
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The questioner : ... regarding the issue of trading in paper currency, there is ... a merchant who buys his goods from abroad. The paper currency is subject to rising and falling, so he is preparing for the future. He has ordered goods for which payment is due in two months. Now, he is preparing; he sees that a certain currency is rising or may rise as a result of reports, so he buys it now in the hope that when he pays, the price will be favorable. The opposite may happen, or it may not. This situation recurs ... so through this channel, he buys the currency, and when he feels he is losing, he sells it. Thus, he is trading in currency, but not for the purpose of money changers, rather for the purpose of supporting his trade.
The Shaykh : In any case, what is the purpose of the money changers, Professor? It is trade.
The questioner : ... .
The Shaykh : I understand, but the purpose and the result are trade. Here, only the form differs, while the result and the goal are the same. Especially since you mentioned that he buys it because he needs to pay in two months, and this currency in which he needs to pay has become cheap, so he buys it. It is possible that the opposite will happen, and this is a problem of trade in currency exchange; it is a problem of problems.
Another questioner: What do you mean by "it is not permissible" ... .
The Shaykh : That is, trading in currency is not permissible; it requires a solution to the problem.
The Shaykh : In any case, what is the purpose of the money changers, Professor? It is trade.
The questioner : ... .
The Shaykh : I understand, but the purpose and the result are trade. Here, only the form differs, while the result and the goal are the same. Especially since you mentioned that he buys it because he needs to pay in two months, and this currency in which he needs to pay has become cheap, so he buys it. It is possible that the opposite will happen, and this is a problem of trade in currency exchange; it is a problem of problems.
Another questioner: What do you mean by "it is not permissible" ... .
The Shaykh : That is, trading in currency is not permissible; it requires a solution to the problem.