{"_id":"696015d1dd2e1114759dd5c2","title":"{\"format\":\"prosemirror\",\"schemaVersion\":1,\"doc\":{\"type\":\"doc\",\"content\":[{\"type\":\"paragraph\",\"attrs\":{\"quillBlock\":{},\"quillNewline\":{},\"quillTerminated\":true,\"direction\":null},\"content\":[{\"type\":\"text\",\"text\":\"Is it permissible to exchange currencies when one side of the exchange is delayed?\"}]}]}}","question":"{\"format\":\"prosemirror\",\"schemaVersion\":1,\"doc\":{\"type\":\"doc\",\"content\":[{\"type\":\"paragraph\",\"attrs\":{\"quillBlock\":{},\"quillNewline\":{},\"quillTerminated\":true,\"direction\":null},\"content\":[{\"type\":\"text\",\"text\":\"Is the following transaction permissible?\"}]},{\"type\":\"paragraph\",\"attrs\":{\"quillBlock\":{},\"quillNewline\":{},\"quillTerminated\":true,\"direction\":null},\"content\":[{\"type\":\"text\",\"text\":\"Person A wishes to exchange currency with Person B. Person A gives 100 euros to Person B immediately, and Person A asks Person B to give him the equivalent value in U.S. dollars one month later.\"}]},{\"type\":\"paragraph\",\"attrs\":{\"quillBlock\":{},\"quillNewline\":{},\"quillTerminated\":true,\"direction\":null},\"content\":[{\"type\":\"text\",\"text\":\"Is this type of delayed currency exchange allowed?\"}]}]}}","answer":"{\"format\":\"prosemirror\",\"schemaVersion\":1,\"doc\":{\"type\":\"doc\",\"content\":[{\"type\":\"paragraph\",\"attrs\":{\"quillBlock\":{},\"quillNewline\":{},\"quillTerminated\":true,\"direction\":null},\"content\":[{\"type\":\"text\",\"text\":\"This transaction, where the initial agreement involves exchanging 100 EUR for its equivalent in USD one month later, is considered riba (usury) and is therefore impermissible. A valid alternative would be for person A to loan person B 100 Euros to be returned one month later. Then, at the time of payment, both parties agree to settle the debt as a spot transaction in USD, based on the spot exchange rate (i.e. at time of payment). Also, person A must take possession of the USD before they disperse. This possession can be either physical, where B hands the money directly to A, or constructive, where B transfers the funds to A, with the money deposited into A's account.\"}]}]}}","tags":[{"_id":"68a50aaa2cc850e0af10384a","tag":"Finance: Interest","count":29},{"_id":"68a506ae5b38fe2a78d808c3","tag":"Finance: Debt & Loans","count":20}],"createdOn":"2026-01-08T20:38:41.400Z"}