Currency Exchange Broker

Answered according to Hanafi Fiqh by


Is working for a brokerage which deals with international exchange rates is permissible?


الجواب حامدا ومصليا ومسلما

In the Name of Allah, the Most Gracious, the Most Merciful.

As-salāmu ‘alaykum wa-rahmatullāhi wa-barakātuh.

In principle, working as a broker for a firm who deals with currency exchange is permissible, [1] with the following conditions:
1) One does not deal directly with interest or any other unlawful transactions. [2]
2) The exchange of money must be ‘hand-to-hand’ – immediately without delay. [3]
3) There is no cheating/lying. [4]

And Allah Ta’āla Knows Best.
Mubasshir Talha
1 Rabi’ al-Awwal / 18 October 2020

Concurred by:

Approved by:
Mufti Tahir Wadee | Mufti Yusuf Ilolvi
[To see their profiles, click here]

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والسمسار اسم لمن يعمل للغير بالأجر بيعا وشراء
[Al-Mabsūt, 15/115 – Dar al-Ma’rifah]

ولو استأجر السمسار شهرا ليبيع له أو ليشتري بكذا من الاجر جاز ذلك
[Al-Nutaf fil Fatāwa, 2/575 – Dar al-Furqan]

والسمسار هو الذي يجلب إليه الحنطة ونحوها لبيعها فهو يعمل بالأجرة أيضا
[Sharh al-Wiqāyah, 4/251 – Mu’assasah Al-Warrāq]

إجارة السمسار والمنادي…تجوز لما كان للناس به حاجة ويطيب الأجر المأخوذ لو قدر أجر المثل
[Raddul Muhtār, 6/47 – Dar al-Fikr]

فقہاء نے اجرت دلال کو حاجت کے واسطے جائز کہا ہے
[Imdād al-Ahkām, 3/546 – Maktabah Darululoom Karachi]

وأحل الله البيع وحرم الربا
[Qur’an Al-Kareem, Surah Al-Baqarah – Ayah 275]

يا أيها الذين امنوا اتقوا الله وذروا ما بقي من الربا إن كنتم مؤمنين
[Qur’an Al-Kareem, Surah Al-Baqarah – Ayah 278]

عن جابر، قال: لعن رسول الله صلى الله عليه وسلم اكل الربا وموكله وكاتبه وشاهديه وقال هم سواء
[Sahih Muslim, 1598]

والاستئجار على المعصية لا تجوز
[Al-Mabsut, Sarakhsi, 16/38, Dar al-Ma’rifah]

وما كان سببا لمحظور فهو محظور
[Raddul Muhtār, 6/350, Al-Fikr]

إن الإعانة على المعصية حرام مطلقا بنص القران، أعني قوله تعالى:﴿ولا تعاونوا على الإثم والعدوان﴾ [المائدة:٢]
وقوله تعالى: ﴿فلن أكون ظهيرا للمجرمين﴾ [القصص: ١٨]
[Buhooth Fi Qadhāya Fiqhiyyah Mua’sirah, 1/359 – Maktabah Darululoom Karachi]

وكذا إذا تبايعا فلسا بعينه بفلس بعينه فالفلسان لا يتعينان، وإن عينا إلا أن القبض في المجلس شرط حتى يبطل بترك التقابض في المجلس لكونه افتراقا عن دين بدين۔
[Al-Bada’i al-Sana’i, 5/236 – Dar al Kutub al-Ilmiyyah]

أما إذا اختلف جنسهما مثل أن تباع الربيات الباكستانية بالريالات السعودية فيجوز فيها التفاضل، ويجوز فيه النسيئة بشرط أن يقبض أحد العاقدين ما اشتراه وإن كان الآخر مؤجلا، وبشرط أن يكون التبادل بسعر يوم العقد
[Fiqhul Buyoo’, 2/1176 – Maktabah Darululoom Karachi]

من غشنا فليس منا
[Sahih Muslim, 101]

آية المنافق ثلاث: إذا حدث كذب، وإذا وعد أخلف، وإذا اؤتمن خان
[Sahih Bukhari, 33]

This question was collected from, which is headed by Mufti Mubasshir Ahmed. He completed his Qur’an Hifz and ‘Alimiyyah in Lancashire and then studied formal Ifta’ syllabus under senior Muftis of the UK. He received his Ifta’ Ijazah from various scholars including Mufti Yusuf Ilolvi Sahib of Gujarat, India and Mufti Tahir Wadee of UK.

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