Mufti Online — Madrasah Ta'leemuddeen

Can I sell the Dollars at a higher price than what I paid for?

Published as Selling currency at a higher rate

· 17 Rabiʻ I 1440 AH1 min readEnglish

Question

I have an amount of US Dollars which I purchased at R13.50 to a Dollar. Can I sell the Dollars at a higher price than what I paid for? The US Dollar rate as at today is R14.42

Answer

Yes, it is permissible as long as you fix the rate.

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

Answered by
Mufti Zakaria Makada
Checked & approved by
Mufti Ebrahim Salejee (Isipingo Beach)
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Source: Mufti Online — Madrasah Ta'leemuddeen — https://muftionline.co.za/node/27642
Fatawa SA: https://fatawa.co.za/fatwa/muftionline-27642

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