What is the ruling on selling original Iraqi currency for Iraqi currency printed as copies of the original, with a profit?
Machine translationRead the Arabic original
The questioner: Well, my Shaykh, may Allah bless you, I have a brother here who wants to ask a few questions, I don't know if you have the time or not?
The Shaykh: Please, go ahead.
The questioner: Peace be upon you.
The Shaykh : And upon you be peace, and the mercy of Allah and His blessings.
The questioner : How are you, Shaykh?
The Shaykh : Praise be to Allah, I am well.
The questioner : May Allah reward you.
The Shaykh : And may He reward you.
The questioner: May we benefit from you, if Allah wills.
The Shaykh : Welcome.
The questioner: May Allah reward you with good, my Shaykh. I was in Kuwait.
The Shaykh: Yes.
The questioner: And I went from Kuwait to Iraq.
The Shaykh : Yes.
The questioner: I brought Iraqi currency with me from Kuwait, of course, original currency. When I came to Iraq, I found that the government there is printing money that is a copy of the original, and that is what is circulating in Iraq. So, people there deal with the copied money just like the original, but it is a copy of it, I mean.
The Shaykh: Yes.
The questioner: Some people offered me a deal. They said, "The original currency you brought with you from Kuwait, the original... why don't we exchange it? For example, for one thousand original dinars, we will give you one thousand copied dinars from what the Iraqi government printed, plus two hundred dinars, for example, on the basis that they want to take the original and give us the copied one, plus a profit." Of course, if you look, my Shaykh, there is a difference between the original money and the copied money. Even outside Iraq, here in Jordan, this has a price and that has a price. Outside Iraq, and even in Iraq itself, this might have a price and that might have a price. So I want to consult you on what I should do with my money, even though I might benefit from it, meaning the original is better than the copied one. May Allah reward you with good.
The Shaykh: In Iraq.
The questioner: Yes.
The Shaykh: With the state.
The questioner: Yes.
The Shaykh: Is there a difference between the two currencies?
The questioner: With the state, there is a difference, because originally in the markets and...
The Shaykh: Don't explain it to me, don't explain it to me.
The questioner: Yes.
The Shaykh: Is there a difference with the state?
The questioner: I mean, I don't understand how there is a difference?
The Shaykh: What don't you understand? You started answering when you don't understand, brother, that won't do.
The questioner: Our Shaykh.
The Shaykh: May Allah guide you.
The questioner : May Allah reward you.
The Shaykh: I am telling you, is the state not the one printing both types of currency?
The questioner: Yes, it is printing both types of currency.
The Shaykh: All right.
The questioner: But the original...
The Shaykh: Listen, listen.
The questioner: Go ahead.
The Shaykh: Don't talk so much, I am telling you.
The questioner: Go ahead.
The Shaykh: Is the state not the one printing both notes?
The questioner: Yes.
The Shaykh: Well, does it distinguish between one currency and the other? Say no?
The questioner: No.
The Shaykh: Therefore, it is not permissible for you to take the increase, because some people want to give you the increase.
The questioner: Yes.
The Shaykh: On the old currency.
The questioner: Yes.
The Shaykh: It is not permissible to take the increase. This increase is riba.
The questioner : All right, may Allah reward you with good.
The Shaykh : And beware of that.
The questioner: Well, my Shaykh, in this situation, of course, I did not agree to take this riba in this state of affairs.
The Shaykh : You have done well.
The questioner: Well, this person offered me a second method. He said to me, "Well, brother, I will take your original money and give you in exchange dollars, for example, at the current dollar rate, I will lower the dollar rate because this money is original, I will give you the value of the dollar cheaper."
The Shaykh: All roads lead to the mill, it is not permissible.
The questioner: It is also not permissible.
The Shaykh: Yes.
The questioner: I do not take the increase, other than the money.
The Shaykh: Yes.
The questioner : Fine, may Allah reward you with good.
The Shaykh : And beware of that.
The Shaykh: Please, go ahead.
The questioner: Peace be upon you.
The Shaykh : And upon you be peace, and the mercy of Allah and His blessings.
The questioner : How are you, Shaykh?
The Shaykh : Praise be to Allah, I am well.
The questioner : May Allah reward you.
The Shaykh : And may He reward you.
The questioner: May we benefit from you, if Allah wills.
The Shaykh : Welcome.
The questioner: May Allah reward you with good, my Shaykh. I was in Kuwait.
The Shaykh: Yes.
The questioner: And I went from Kuwait to Iraq.
The Shaykh : Yes.
The questioner: I brought Iraqi currency with me from Kuwait, of course, original currency. When I came to Iraq, I found that the government there is printing money that is a copy of the original, and that is what is circulating in Iraq. So, people there deal with the copied money just like the original, but it is a copy of it, I mean.
The Shaykh: Yes.
The questioner: Some people offered me a deal. They said, "The original currency you brought with you from Kuwait, the original... why don't we exchange it? For example, for one thousand original dinars, we will give you one thousand copied dinars from what the Iraqi government printed, plus two hundred dinars, for example, on the basis that they want to take the original and give us the copied one, plus a profit." Of course, if you look, my Shaykh, there is a difference between the original money and the copied money. Even outside Iraq, here in Jordan, this has a price and that has a price. Outside Iraq, and even in Iraq itself, this might have a price and that might have a price. So I want to consult you on what I should do with my money, even though I might benefit from it, meaning the original is better than the copied one. May Allah reward you with good.
The Shaykh: In Iraq.
The questioner: Yes.
The Shaykh: With the state.
The questioner: Yes.
The Shaykh: Is there a difference between the two currencies?
The questioner: With the state, there is a difference, because originally in the markets and...
The Shaykh: Don't explain it to me, don't explain it to me.
The questioner: Yes.
The Shaykh: Is there a difference with the state?
The questioner: I mean, I don't understand how there is a difference?
The Shaykh: What don't you understand? You started answering when you don't understand, brother, that won't do.
The questioner: Our Shaykh.
The Shaykh: May Allah guide you.
The questioner : May Allah reward you.
The Shaykh: I am telling you, is the state not the one printing both types of currency?
The questioner: Yes, it is printing both types of currency.
The Shaykh: All right.
The questioner: But the original...
The Shaykh: Listen, listen.
The questioner: Go ahead.
The Shaykh: Don't talk so much, I am telling you.
The questioner: Go ahead.
The Shaykh: Is the state not the one printing both notes?
The questioner: Yes.
The Shaykh: Well, does it distinguish between one currency and the other? Say no?
The questioner: No.
The Shaykh: Therefore, it is not permissible for you to take the increase, because some people want to give you the increase.
The questioner: Yes.
The Shaykh: On the old currency.
The questioner: Yes.
The Shaykh: It is not permissible to take the increase. This increase is riba.
The questioner : All right, may Allah reward you with good.
The Shaykh : And beware of that.
The questioner: Well, my Shaykh, in this situation, of course, I did not agree to take this riba in this state of affairs.
The Shaykh : You have done well.
The questioner: Well, this person offered me a second method. He said to me, "Well, brother, I will take your original money and give you in exchange dollars, for example, at the current dollar rate, I will lower the dollar rate because this money is original, I will give you the value of the dollar cheaper."
The Shaykh: All roads lead to the mill, it is not permissible.
The questioner: It is also not permissible.
The Shaykh: Yes.
The questioner: I do not take the increase, other than the money.
The Shaykh: Yes.
The questioner : Fine, may Allah reward you with good.
The Shaykh : And beware of that.
Source
www.al-albany.com
The Arabic text is copied verbatim from the original source, without any edits.