Is it unlawful to possess dollars and exchange them for local currency out of fear of the latter losing its value?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
It is permissible to exchange currencies and save money with them, and the basic principle in this matter is permissibility. If this principle conflicts with specific matters concerning the questioner's country, she should refer to the trustworthy scholars of her country for a and act upon their opinion.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/192596
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 192596
- 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