Some of the brothers say that you permit me to exchange ten iron half-riyals on credit for ten paper riyals. Is this correct?
Machine translationRead the Arabic original
The Shaykh : Some of the brothers say that you permit me to exchange ten iron half-riyals on credit for ten paper riyals. Is this correct?
This is not correct. The exchange must be made hand-to-hand. However, there is no harm in giving him nine iron coins and taking ten paper coins. Yes, that is right.
The questioner : ...
The Shaykh : No, there is no credit without hand-to-hand exchange; it is not permissible.
The questioner : ...
The Shaykh : Yes
The questioner : ...
The Shaykh : No, a forward sale (salam) does not require hand-to-hand exchange. If you give him a silver riyal as a forward sale and he gives it to you after a period of time, there is no harm.
The questioner : Paper.
The Shaykh : No, he does not give it to you in silver. Rather, if he wants to benefit, he can determine the value at the time of payment.
This is not correct. The exchange must be made hand-to-hand. However, there is no harm in giving him nine iron coins and taking ten paper coins. Yes, that is right.
The questioner : ...
The Shaykh : No, there is no credit without hand-to-hand exchange; it is not permissible.
The questioner : ...
The Shaykh : Yes
The questioner : ...
The Shaykh : No, a forward sale (salam) does not require hand-to-hand exchange. If you give him a silver riyal as a forward sale and he gives it to you after a period of time, there is no harm.
The questioner : Paper.
The Shaykh : No, he does not give it to you in silver. Rather, if he wants to benefit, he can determine the value at the time of payment.