Question ID: 23862
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As salaamu alaykum Mufti Saab
Please advise if using exchange rate forward cover in relation to importing goods from overseas is permissible in Islam.

Jazakallah
wslm
Muhammad

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Asked on August 4, 2010 12:00 am
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Private answer
Permissible if the exchange rate is fixed and pegged.
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Answered on August 4, 2010 12:00 am