Ruling on buying currency at a low price and selling it at a higher price
Machine translationRead the Arabic original
Question:
Is it permissible to buy currency at a low price and sell it at a higher price?
Answer:
There is no harm in that, provided it is obtained without deception or injustice. One may buy it from the market, keep it, and then sell it at a higher price if its value rises. There is no harm in that, but one must not deceive anyone. One buys it through a lawful purchase, and then, if its value rises, sells it for what Allah makes easy for him. There is no harm in that. Yes.
The presenter: May Allah reward you with good.
Is it permissible to buy currency at a low price and sell it at a higher price?
Answer:
There is no harm in that, provided it is obtained without deception or injustice. One may buy it from the market, keep it, and then sell it at a higher price if its value rises. There is no harm in that, but one must not deceive anyone. One buys it through a lawful purchase, and then, if its value rises, sells it for what Allah makes easy for him. There is no harm in that. Yes.
The presenter: May Allah reward you with good.
Source
binbaz.org.sa
The Arabic text is copied verbatim from the original source, without any edits.