Ruling on selling one currency for another
Machine translationRead the Arabic original
Question:
A brother in Allah says: Al-Karar (A. 'A) our brother says: I hope you would be kind enough to clarify what is lawful and what is forbidden in selling one currency for another.
Answer:
Yes, selling one currency for another is not a problem, but it must be hand-to-hand in the assembly. He sells Saudi riyals for dollars, or dinars; there is nothing wrong with it, but it must be hand-to-hand, based on his saying (peace and blessings be upon him):Sahih Muslim 1587c He said (peace and blessings be upon him): Sahih Muslim 1587c.
So if he sells gold for silver hand-to-hand, or wheat for barley hand-to-hand, even if they differ, or dates for rice, even if they differ; it must be hand-to-hand, or salt hand-to-hand. He sells dollars for Saudi riyals, for dinars, for Egyptian pounds, or for sterling hand-to-hand. Yes.
The presenter : May Allah reward you with good, and may He do you good.
A brother in Allah says: Al-Karar (A. 'A) our brother says: I hope you would be kind enough to clarify what is lawful and what is forbidden in selling one currency for another.
Answer:
Yes, selling one currency for another is not a problem, but it must be hand-to-hand in the assembly. He sells Saudi riyals for dollars, or dinars; there is nothing wrong with it, but it must be hand-to-hand, based on his saying (peace and blessings be upon him):
If these classes differ, then sell as you wish if payment is made hand to hand.
فإذا اختلفت هذه الأصناف؛ فبيعوا كيف شئتم إذا كان يدًا بيدGold is to be paid for by gold, silver by silver, wheat by wheat, barley by barley, dates by dates, and salt by salt, like for like and equal for equal, payment being made hand to hand. If these classes differ, then sell as you wish if payment is made hand to hand.
الذهب بالذهب، والفضة بالفضة، والبر بالبر، والشعير بالشعير، والتمر بالتمر، والملح بالملح، مثلًا بمثل، سواءً بسواء، يدًا بيد، فإذا اختلفت هذه الأصناف؛ فبيعوا كيف شئتم إذا كان يدًا بيدSo if he sells gold for silver hand-to-hand, or wheat for barley hand-to-hand, even if they differ, or dates for rice, even if they differ; it must be hand-to-hand, or salt hand-to-hand. He sells dollars for Saudi riyals, for dinars, for Egyptian pounds, or for sterling hand-to-hand. Yes.
The presenter : May Allah reward you with good, and may He do you good.
Source
binbaz.org.sa
The Arabic text is copied verbatim from the original source, without any edits.