IslamiCity.org Homepage
Forum Home Forum Home > Religion - Islam > Islamic Finance
  New Posts New Posts RSS Feed - Currency Exchange
  FAQ FAQ  Forum Search   Events   Register Register  Login Login


Currency Exchange

 Post Reply Post Reply
Author
Message
ambreen View Drop Down
Starter.
Starter.
Avatar

Joined: 25 December 2018
Location: Dubai
Status: Offline
Points: 2
Post Options Post Options   Thanks (0) Thanks(0)   Quote ambreen Quote  Post ReplyReply Direct Link To This Post Topic: Currency Exchange
    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? 
Back to Top
SusanaP View Drop Down
Starter.
Starter.
Avatar

Joined: 20 March 2019
Location: Las Vegas
Status: Offline
Points: 2
Post Options Post Options   Thanks (0) Thanks(0)   Quote SusanaP Quote  Post ReplyReply Direct Link To This Post Posted: 30 June 2019 at 4:09pm
I use to Alpari Exchange is a good broker
Back to Top
 Post Reply Post Reply
  Share Topic   

Forum Jump Forum Permissions View Drop Down

Forum Software by Web Wiz Forums® version 11.10
Copyright ©2001-2017 Web Wiz Ltd.