Back to search
The question

Is it permissible for the owner of an exchange shop to give a sum in dollars to another shop so that it may purchase goods, and then the owner of that shop repays the sum in dollars after selling the goods and buying dollars from the same exchanger at the prevailing rate?

Share this answer

Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 20261 min readAlso available in العربية
The answer

This transaction is forbidden and invalid because in reality, it is a loan that draws a benefit to the lender, making it usury (riba), which is prohibited by Islamic law. This includes combining a loan with a sale, due to the benefit the lender gains from the loan. Pawnbrokers and merchants must refrain from this forbidden transaction and strive for a goodly loan () or to earn profit through permissible means, such as partnership.

Summarized from the full answer at Ftawy · imported

Read the full answer on Ftawy
Where this answer came from
Source platform
Ftawy
Original fatwa ID
17631
Imported
Translation status
Source text, unreviewed
Read the full ruling
Read the full answer on Ftawy