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currency

What Are the Conditions of Currency Exchange?

When changing international currency (Euro) to Algerian dinar, for example, does one has to follow the local bank rate or is it possible to use the parallel market one? How much is the amount of nissab in Germany?

Loan

How Does Inflation Affect Loan Arrangement?

Wa `alaykum as-Salamu wa Rahmatullahi wa Barakatuh. In the Name of Allah, Most Gracious, Most Merciful. All praise and thanks are due to Allah, and peace and blessings be upon His Messenger. In this fatwa: Though a loan should be paid back at the same currency and quantity, you can pay your debtor some more …

Paying off Debt in Different Currency

Paying off Debt in Different Currency: Allowed?

Wa `alaykum as-Salamu wa Rahmatullahi waBarakatuh. In the Name of Allah, Most Gracious, Most Merciful. All praise and thanks are due to Allah, and peace and blessings be upon His Messenger. In this fatwa: It is allowed to pay off a debt in a different currency on the condition that the exchange value is based …

The Muslim Empire: How Islamic Coins Came to Existence

The Muslim Empire: How Islamic Coins Came to Existence

People use money every single day. It is an essential of life. Has one ever wondered about the coins or money used by Muslim predecessors? Did they ever use something such as money or did they have different ways of transactions. Let’s go back in time and learn of the earlier Muslims way of transactions. …



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