Mufti Online — Madrasah Ta'leemuddeen

Exchanging money of different currencies

· 6 Shaʻban 1444 AH1 min readEnglish

Question

My father has exchanged money, but it was not simultaneous. So, the transaction was haraam. But what about the money? My father has exchanged 10,000 SEK to different currency. So will the whole 10,000 SEK of my father be haraam? If so, how can we make it halaal?

If I tell my father to return the money to the other party, he is not going to listen me.

Answer

If both exchanges were of different currencies, and one currency was taken on the spot and the other was deferred, then this transaction was permissible on condition that both amounts were specified in the beginning.

And Allah Ta'ala (الله تعالى) knows best.

Answered by
Mufti Zakaria Makada
Checked & approved by
Mufti Ebrahim Salejee (Isipingo Beach)
View original Compare with other Darul Iftas
Questions about this ruling, answered only from the archive with sources.

Where scholars differ, it’s safer to take the more cautious view.

Fatawa SA is an independent, read-only index of fatawa already published by Mufti Online — Madrasah Ta'leemuddeen. It is not a fatwa service. For your own situation, please ask a Mufti. Report an issue

For corrections or mistakes, please email us at fatawasa786@gmail.com.

Source: Mufti Online — Madrasah Ta'leemuddeen — https://muftionline.co.za/node/33703
Fatawa SA: https://fatawa.co.za/fatwa/muftionline-33703

Same question, other Darul Iftas

The closest match from each Darul Ifta, found by wording. Check that the question matches yours.

Compare the answers side by side

Related fatawa