What is the ruling on buying dollars with another currency on a deferred basis with an increase in price?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
It is permissible to buy and sell currencies with -compliant controls, including the exchange in the meeting ( مجلس ) or what takes its place, such as the transfer of currency from account to account. The currency of each country is considered a type ( صنفاً ), and preferential treatment ( المفاضلة ) within it is not permissible. If different currencies are sold, it is required that the exchange takes place in the meeting ( المجلس ), and an increase is prohibited within the same type, but permissible between two different types, provided that the exchange takes place in the meeting ( التقابض ).
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/31842
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 31842
- 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