Kind: captions
Language: en
for
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what fordul
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part of
reeba. uh
is what is known as a surf
we spoke about but we will highlight a
little bit further
surf is exchange.
So when you exchange
dollars for another currency euros,
pounds for yen and the likes.
This is called exchange
and it is selling money with money. This
is what we're actually doing. I'm
traveling to Europe. I need euros. I
have Saudi real. I go to the exchange
office. I give him the Saudi and I take
euros in cash. And and this is the types
that we spoke about before. And we would
reiterate it again. Money exchange has
two cases. Number one, if it is
dollars to dollars,
how would that be? This is when you
would like some change.
I have a $100 bill. I need to break them
into $10 bills, $20 bills, and some
coins.
In this case, this type of change has to
have two conditions. One, it has to be
equal.
$100 bill.
You give me an exchange $50 bill, 20 $20
bill, and 10 $1 bills. That's 100. So
now it's we're equal 100 to 100. The
second condition it has to be
simultaneous
hand to hand.
There shouldn't be any delay
because a delay would mean there is
ribba and
an increase or decrease in the amount
would mean.
So these two conditions must be
fulfilled. The second scenario is when
the currency is different. So when I'm
buying dollars with Saudi real then one
condition is required and that is it
should be simultaneous.
Now unfortunately
a lot of the people
like
to have the Sharia revolve around their
own needs
and not the opposite.
We should revolve around the Sharia and
whatever the Sharia says we comply.
businessmen,
normal people, they come and when they
see these rules about halal and haram,
they get agitated, irritated,
uncomfortable.
We're losing money this way. It's not
convenient for us. They want the Sharia
to follow their whims and desires. It
doesn't work this way.
Among the most
famous platforms people ask about is
Forex.
I will not go into details about Forex,
whether it's legit or not,
but dealing with Forex
does involve a lot of gambling.
It does involve a lot of haram.
Especially when you hedge,
when you buy by margins, they provide
you with
when you have options and you gamble
through them. All of these are haram.
You can't deal with such haram
transactions.
Some innocent people
like quick gain. So they have money and
they just throw it and they're willing
to wait. That's wise. When you buy
stocks and your stocks fall,
don't gamble. Wait another year, another
two years, it will rise. Providing that
this is true and real
stock market and it's not only digital.
People buy things
in air and sell them.
When we come to buying gold and silver
and currencies, this is a different
issue because
and may apply here. How we said that if
you're buying gold with euros,
it's the same reason a feminia the value
and the price but the quantity is
different. There's no problem providing
that there is one condition fulfilled
and that is it's done simultaneously.
Is it done simultaneously
in forex?
Actually, the way I see it,
when you buy gold or silver or exchange
currencies,
they say we've put it in your account,
but you cannot actually cash this except
after one or two working days, which
means that it's not done simultaneously.
Other scholars looked at it from a
different angle and they said well
actually you can
not cash it but as the money is in your
account you can buy other things with it
and you can trade with it. So
technically it is in your possession.
I personally am inclined to say that
it's safer for your religion, for your
iman to stay away from whatever is
dubious because of the hadith of
uh uh the prophetat
when he said
of
may Allah be pleased with a man with his
fatheral
is crystal clear. Haram is crystal clear
and between them there are dubious
ambiguous
things.
Very few people know about the rulings
of them. Whoever stays away from them
then he's clear in his religion and
reputation. He's safe. But whoever
indulges in them, he's approaching haram
and may fall in it. So don't go for a
quick fix
and want to gain money quickly because
what comes easily and quickly goes
easily and quickly as well.
was
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to
Foreign
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