Trade and Sales

Purchasing Foreign Currency Online with Deferred Delivery

Question: Is it permissible to purchase foreign currency online and receive it at a later date? In the Name of Allah, the Most Gracious, the Most Merciful. As-salāmu ‘alaykum wa-rahmatullāhi wa-barakātuh.  The Answer:  According to contemporary Hanafi scholars, it is permissible to purchase foreign currency and receive it at a later date as long as […]
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