The discussion on the rulings of zakah on the two currencies.
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The Shaykh : All right, did we take up the two currencies? Yes?
The questioner : Introduction.
The Shaykh : An introduction that does not contradict. What is meant by the two currencies, Abdullah Khan?
The questioner : Gold and silver.
The Shaykh : Gold and silver, why are they called the two currencies?
The questioner : ... .
The Shaykh : Because they are used as currency in buying and selling. All right, are metal coins included with them or not?
The questioner : ... those that stand in the place of gold and silver.
The Shaykh : We mentioned that zakah is obligatory on metal coins because they stand in the place of gold and silver, so their ruling is established for them. All right, as for the aspect of riba, we mentioned that the stronger position is that riba al-fadl does not apply to them due to the difference in type between them and gold and silver. It is permissible for me to sell a silver riyal for a thousand riyals of metal, or for less, or for more, because there is no riba in them; riba al-fadl does not apply to them. And this is the middle position, between the one who says riba applies to them absolutely, and the one who says riba does not apply to them absolutely. Yes, I think so, yes?
The questioner : ... .
The Shaykh : This is not the time for questions. We conducted a comprehensive discussion last night, and you must go back to the tapes.
The questioner : Introduction.
The Shaykh : An introduction that does not contradict. What is meant by the two currencies, Abdullah Khan?
The questioner : Gold and silver.
The Shaykh : Gold and silver, why are they called the two currencies?
The questioner : ... .
The Shaykh : Because they are used as currency in buying and selling. All right, are metal coins included with them or not?
The questioner : ... those that stand in the place of gold and silver.
The Shaykh : We mentioned that zakah is obligatory on metal coins because they stand in the place of gold and silver, so their ruling is established for them. All right, as for the aspect of riba, we mentioned that the stronger position is that riba al-fadl does not apply to them due to the difference in type between them and gold and silver. It is permissible for me to sell a silver riyal for a thousand riyals of metal, or for less, or for more, because there is no riba in them; riba al-fadl does not apply to them. And this is the middle position, between the one who says riba applies to them absolutely, and the one who says riba does not apply to them absolutely. Yes, I think so, yes?
The questioner : ... .
The Shaykh : This is not the time for questions. We conducted a comprehensive discussion last night, and you must go back to the tapes.