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The question

What is the religious ruling on trading foreign currencies in the black market without adhering to the official exchange rate, and on the wealth resulting from this trade?

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

It is permissible to trade currencies, provided that possession is taken at the contract session. If the currencies differ, it is permissible to have a difference in amount. However, if the currencies are the same, it is not permissible to have a difference in amount; rather, equality and possession at the contract session are required. There is no difference in this regard between the regulated market and the black market.

Summarized from the full answer at Ftawy · imported

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Where this answer came from
Source platform
Ftawy
Original fatwa ID
17876
Imported
Translation status
Source text, unreviewed
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