حكم تبادل وتداول العملات.Ruling on exchanging and trading in currency .

Ruling on exchanging and trading in currency .
بسم الله الرحمن الرحيم
السلام عليكم ورحمة الله وبركاته
حكم تبادل وتداول العملات.

In the name of God the Merciful
Peace, mercy and blessings of God

t is the
ruling on exchanging currency notes? Is the profit that results from
selling one currency for another at the market price permissible?
Also, what is the ruling if, for example, I change one thousand riyals
into euros, then I immediately change it into dollars, then I
immediately change it into riyals, and I end up with one thousand and
ten riyals, aldwlyaldwlyaldwlyaldwlyd on the global prices for currency
exchange?.

Praise be to Allaah.

Trading
in currencies in the manner described is permissible, subject to
the condition that the exchange be completed in the same sitting
as the contract is made. It is permissible to sell riyals for
euros, subject to the condition that the handover take place in
the same sitting as the contract is made. It is also valid to
exchange the euros for dollars after that, so long as the same
condition is met. So the profit that is made from this transaction is
permissible. The evidence for that is the words of the Prophet
(peace and blessings of Allaah be upon him): “Gold for gold, silver
for silver, wheat for wheat, barley for barley, dates for dates,
salt for salt, like for like, hand to hand. If the types are
different then sell however you like, so long as it is hand to hand.”
Narrated by Muslim, 1587.

It says in Fataawa al-Lajnah al-Daa’imah (13/458)
In exchanges of currency it is essential that the exchange be
completed in the same sitting as the contract is made. It is not
permissible to hand over some straight away and delay some. It is proven
that the Prophet (peace and blessings of Allaah be upon him) said:
“If the types are different then sell however you like, so long as it
is hand to hand.” End quote.

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طرح ….رائع
تسلم….. يمينك
والله…. يعطيك… العافية

ونحن.. بأنتظار.. جديدك . . .

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كل
عام وانتم بخير

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