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View By Subject 21 fatwas
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Delaying the exchange of money till the rate rises
I am serving in UN. UN pays me in US Dollars. I transfer some portion of that in my Foreign Currency Account in a Bank at my country. The Bank said during transaction they will not provide me US Dollars but the local currency whatever is the rate persists at that perticular time. The Dollars are remaining in that account for some period of time. So,.. More
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Charging a fee for lending people money
I am from subcontinent and I live in Middle East. I am intending to do a business. Please let me know if this business is Halaal or not. Some people from my country living in Middle East face financial difficulties and they ask me when they need money. For example, if a person needs 500 Dinars, I will give them 490 Dinars and they will pay.. More
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Money exchange
Western Union and Money gram are financial institutions that transfer money all over the world. For each operation they make, costumer has to pay for it. In fact, there is no Riba in this kind of operations and they are paid because they offer a service. Question: Is Halal or Haram to be a Western Union or Money gram agent offering there.. More
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Dealing in foreign currency
Is it halal OR haram? I deal in foriegn currency exchange. The deal is one of the 2 forms as follow:1. (Long Position) The first one is putting 1000 US dollars with the broker and he gives me 100,000 US dollars. I then buy any currency. When this currency goes up in value, I then sell it and get back the US dollars. I return the same 100, 000 back to.. More
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Changing Money on ‘The Black Market’
Is it permissible to change money on the black market?
.. More
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Ruling on Money Exchange
Is money changing Haram or Halal?
.. More
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