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Spot Purchasing Of Gold And Silver
If spot purchasing is not possible, it is permissible for the seller to first lend the buyer money as a separate transaction, and then make the...
If spot purchasing is not possible, it is permissible for the seller to first lend the buyer money as a separate transaction, and then make the...
It is permissible to defer payment when buying cash with gold or silver.
Transfers To And From Abroad
It is permissible for the bank to continue its dealings as mentioned in regard to the issuing of cheques and arranging for transfers to and from...
It is permissible for the bank to continue its dealings as mentioned in regard to the issuing of cheques and arranging for transfers to and from...
Forward Trading For Clients
It is not lawful for banks to be involved directly or indirectly in arranging deals involving the forward trading of currencies.
It is not lawful for banks to be involved directly or indirectly in arranging deals involving the forward trading of currencies.
Delays In Exchange
Granting a cheque payable on demand and without post dating it, or even ordering a payment without deferment over the telephone may be considered...
Granting a cheque payable on demand and without post dating it, or even ordering a payment without deferment over the telephone may be considered...
International Rates Of Exchange
If the client wishes to deposit foreign currency in his account, it is permissible for the bank to purchase the cash in that foreign currency and...
If the client wishes to deposit foreign currency in his account, it is permissible for the bank to purchase the cash in that foreign currency and...
The issuer’s buying back the note and disregarding the maturity date is the same as his agreeing to exchange the currency of the note for another...
Mutual Promises To Buy Or Sell
A mutual promise such as this if binding on both parties is subject to the general prohibition against the sale of debt for debt and is therefore...
A mutual promise such as this if binding on both parties is subject to the general prohibition against the sale of debt for debt and is therefore...
Replenishing Overdrawn Accounts
If accounts in a certain currency become overdrawn while there are positive balances in other currency accounts, the client may request the bank to...
If accounts in a certain currency become overdrawn while there are positive balances in other currency accounts, the client may request the bank to...
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