Categories
Answers: 248al-Sarf (exchange)
- 1,393
Is it permissible to transfer dollars to the account of someone else, then receive from him the equivalent in local currency, even though the transfer takes time to reach his account?
- 1,296
What is the ruling on accepting change in a different currency when buying something?
- 2,476
He imports goods and pays in dollars through an agent or partner, then when settling the account a few months later, does he have to check the price of the dollar at the time of payment or at the time of settling the account?
- 6,365
It is not permissible to sell gold for cash with a delay in payment
- 7,491
Loans with interest for students and recent graduates
- 11,885
Ruling on currency exchange when it is not possible to make the exchange hand-to-hand because of the war situation
- 3,945
Appointing someone else to exchange money and take it from himself
- 18,571
The correct way of dealing for those whose business is money transfer
- 36,096
Ruling on buying gold over the phone and receiving it one or two days later
Is Gold Loan Allowed in Islam?
Borrowing and lending gold and silver are permissible in Islam, whether the gold and silver are in the form of coins, jewellery, or ingots, so long as you return an equivalent amount at a later time.18,962
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