Answer
It is permissible to earn a profit by exchanging currencies, dollars, etc.
on condition both currencies are exchanged at the place of the purchase and
sale transaction.
and Allah Ta’ala Knows Best
Mufti Ebrahim Desai
FATWA DEPT.
Home » Hanafi Fiqh » Askimam.org » Is the money earned on converting dollar into rupees halal, can one keep money in dollars and convert it into rupees when it is profitable?
It is permissible to earn a profit by exchanging currencies, dollars, etc.
on condition both currencies are exchanged at the place of the purchase and
sale transaction.
and Allah Ta’ala Knows Best
Mufti Ebrahim Desai
FATWA DEPT.
This answer was collected from Askimam.org, which is operated under the supervision of Mufti Ebrahim Desai from South Africa.
Cookie | Duration | Description |
---|---|---|
cookielawinfo-checkbox-analytics | 11 months | This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics". |
cookielawinfo-checkbox-functional | 11 months | The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". |
cookielawinfo-checkbox-necessary | 11 months | This cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary". |
cookielawinfo-checkbox-others | 11 months | This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other. |
cookielawinfo-checkbox-performance | 11 months | This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance". |
viewed_cookie_policy | 11 months | The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data. |