Accepting a different currency from a customer and exchanging it for a better rate later on

Submitted by user2 on Mon, 2020-09-14 07:42

Q: I work at the airport at a car rental. Now if a customer comes and wants to pay in Euros but we accept only Dinars, to make his work easy I take the Euros from him at the current exchange rate at the airport knowing that the exchange rate will be better outside in the city. So I accept those Euros and use my Dinars to give to the company and later take those Euros and exchange it in the market at a better rate for myself or sometimes I wait for an even better rate. Is this money halaal?

A: Yes, it is halaal.

And Allah Ta'ala (الله تعالى) knows best.

Answered by:

Mufti Zakaria Makada

Checked & Approved:

Mufti Ebrahim Salejee (Isipingo Beach)

Category:

Business and Dealings›Trade›Valid & Invalid transactions

Disclaimer: The answer hereby given is specifically based on the question asked and should be read together with the question asked. Muftionline.co.za bears no responsibility to any party who may or may not act on this answer. Muftionline.co.za being hereby exempted from loss or damage whatsoever caused. Should the question refer to a matter in dispute between two parties, this answer may not be used in the dispute in question by either party unless the question was jointly submitted by both parties with an acknowledgement by both parties that the question was correct and accurate. This answer may not be used as evidence in any court of Law without prior written consent from Muftionline.co.za.

This is the standard version of the site.