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A Promise To Purchase Different Currencies
In the event that the promise is considered binding on both parties it will fall under the general prohibition against the sale of debt for debt...
In the event that the promise is considered binding on both parties it will fall under the general prohibition against the sale of debt for debt...
Foreign Currency Investment Accounts
It is permissible for clients to make deposits of foreign currency in joint investment accounts in order to share in the resulting profits and to...
It is permissible for clients to make deposits of foreign currency in joint investment accounts in order to share in the resulting profits and to...
Purchasing Currency For Cash
In the event that a definite price for the currencies has not been set by a responsible authority, legal consideration may be given to what the two...
In the event that a definite price for the currencies has not been set by a responsible authority, legal consideration may be given to what the two...
Buying Foreign Currency From Local Client
As long as the contract for the sale of goods remains separate from and independent of the contract for the purchase of currency from the client,...
As long as the contract for the sale of goods remains separate from and independent of the contract for the purchase of currency from the client,...
Promise To Purchase Currency
It is not permissible to make a promise to purchase currency. The only sale of currency allowed is a straightforward sale that is accompanied by a...
It is not permissible to make a promise to purchase currency. The only sale of currency allowed is a straightforward sale that is accompanied by a...
Delayed Delivery Of Gold Or Silver
It is not lawful to buy and sell gold, silver or currency for one another unless possession is taken immediately.
It is not lawful to buy and sell gold, silver or currency for one another unless possession is taken immediately.
Paying Cash For Gold
It is lawful to pay for gold with ready cash in any currency at the market price on the day of payment. Possession of the counter values in such an...
It is lawful to pay for gold with ready cash in any currency at the market price on the day of payment. Possession of the counter values in such an...
Purchasing Currency On Credit
It is lawful to purchase currencies in such a manner from mercantile banks since it is akin to paying something they owe as a debt, either in full...
It is lawful to purchase currencies in such a manner from mercantile banks since it is akin to paying something they owe as a debt, either in full...
Preferential treatment between banks is a good practice however it should be ensured that the possession for the currency is taken in a setting in...
Deferring Receipt Of Currency
In a transaction of currency it is unlawful to defer the receipt of the currency exchanged regardless of whether there is a condition to that...
In a transaction of currency it is unlawful to defer the receipt of the currency exchanged regardless of whether there is a condition to that...
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