Is the process carried out by the inquirer, and the resulting exchange rate differences, considered permissible or impermissible (halal or haram)?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
The ruling on purchasing currencies with a credit card depends on the terms of the card and the bank. If the bank is Islamic and the card is free from prohibitions (such as usurious interest upon delayed payment), then the default ruling is the permissibility of selling currencies, while observing the Sharia regulations concerning currency exchange, such as the condition of immediate mutual possession when exchanging one currency for another of a different type.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/161637
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 161637
- Added here
- . This is when the answer was added to El Fatwa, not the fatwa's date.
- Text
- Summary from Ftawy's records, reviewed by El Fatwa's sharia committee.
- Read the full ruling
- Read the full answer on Ftawy