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Currency Exchange

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ambreen View Drop Down

Joined: 25 December 2018
Location: Dubai
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    Posted: 25 December 2018 at 5:44am
According to Islamic Finance, we cannot exchange currency if its not at spot rate. That is, I cannot sell euros today, and come after one month and buy dollars against it as the rates have changed. However, I would like to know if I can have a contract with someone that after one month, he will sell me dollars at the same spot rate as of today? Is that permissible? 
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