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Agreeing To Sell Currency At Pre-Determined Rate
It is permissible to exchange currencies at a rate that is fixed at the time of the agreement or one that is higher or lower than the exchange rate...
It is permissible to exchange currencies at a rate that is fixed at the time of the agreement or one that is higher or lower than the exchange rate...
Gold And Silver
Gold and silver includes pure gold and silver and items containing them, such as jewellery.
Gold and silver includes pure gold and silver and items containing them, such as jewellery.
Exchanging Gold Or Silver
It is obligatory that when gold is exchanged for gold or silver exchanged for silver (e.g. a gold bar for a gold coin) they be of equal weight and...
It is obligatory that when gold is exchanged for gold or silver exchanged for silver (e.g. a gold bar for a gold coin) they be of equal weight and...
Exchanging Between Gold And Silver
It is permissible that when gold is exchanged for silver or silver for gold (e.g. a silver coin for a gold coin) they be of different weight (or...
It is permissible that when gold is exchanged for silver or silver for gold (e.g. a silver coin for a gold coin) they be of different weight (or...
When the market value of a gold or silver commodity is different from its face value (e.g. a $1000 gold coin is selling for $1100), or when the...
Gold And Silver Combined With Other Metals
When buying anything containing a combination of gold and non-gold material, or silver and non-silver material, or silver and gold, it is forbidden...
When buying anything containing a combination of gold and non-gold material, or silver and non-silver material, or silver and gold, it is forbidden...
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.
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