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The question

What is the legal ruling on dealing with the Syrian pound when purchasing real estate, in light of the severe fluctuations in the exchange rate, and the consequent increase in the amount paid?

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

There is no legal impediment to dealing with the lira or other recognized currencies in circulation. The fluctuation in its exchange rate does not affect the permissibility of trading with it, whether buying or selling, as long as the price is known and both parties agree to it, in accordance with the Almighty's saying: "O you who have believed, do not consume one another's property unlawfully but only [in lawful] trade by mutual consent," and the Prophet's (PBUH) saying: "Indeed, selling is by mutual consent." The price fluctuation is not considered an injustice, as it is possible to exchange and pay before the change occurs. Furthermore, the price movement might be in the interest of either party, just as the price of the commodity itself might change. The change in the exchange rate affects the value of the currency itself, whether it is a price in a transaction or savings.

Summarized from the full answer at Ftawy · imported

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Where this answer came from
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Ftawy
Original fatwa ID
194934
Imported
Translation status
Source text, unreviewed
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