What is the ruling on saving in US dollars and not in local currency or the currency of a Muslim country?
It is permissible to save and deal with the dollar as with any other currency. Muslims dealt with the Roman Dinar and the Persian Dirham before and after the minting of the Islamic Dinar without any objection, which indicates the permissibility of doing so.
Summarized from the full answer at Ftawy · reviewed Sep 2, 2026
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