Home » Hanafi Fiqh » Askimam.org » From Dubai I buy 100,000/- Euro and fly to Amsterdam and sale the Euro Currency in Amsterdam(Holland). I make a handsome Profit due to the currency difference. Is it Halal for me?

From Dubai I buy 100,000/- Euro and fly to Amsterdam and sale the Euro Currency in Amsterdam(Holland). I make a handsome Profit due to the currency difference. Is it Halal for me?

Answered as per Hanafi Fiqh by Askimam.org

As Euro Currency is cheap in Dubai and a little expensive in Frankfort or Amsterdam, I buy 5 cents cheaper in Dubai and sale it 5 cents more in Amsterdam. Also there is a chance for loss as well if the rate goes down. Also at Amsterdam airport they never ask me how much money do u have? but if they ask I will tell them I have 500$ in my pocket. I hide the 100000 Euro in my shoes. At Dubai airport they see my currency and ask for the original recite, Which I show them and they have no problem. I am not sure about the Amsterdam Rules in carrying currency. I make a 1000$ profit in one trip. Is it HALAL or NOT? Please reply May Allah Tala give you Reward ameen.

Answer

It is permissible to sell the Euro currency and earn a profit.

You should enquire about the Amsterdam rules of carrying currency and abide by that.

and Allah Ta’ala Knows Best

Mufti Ebrahim Desai

Original Source Link

This answer was collected from Askimam.org, which is operated under the supervision of Mufti Ebrahim Desai from South Africa.

Read answers with similar topics: