Dr Israr Ahmad: سود اور کرنسی کی تجارت - Interest & Currency Trading

Dr. Israr Ahmad discusses the permissibility of currency exchange in light of Islamic principles. He analyzes Professor Tahir Qadri's argument that the exchange of metallic coins was permissible due to their intrinsic material value, while paper currency lacks such value, potentially rendering its exchange interest-based gambling. Dr. Ahmad refutes this analogy, explaining that the recognized value of paper currency, representing a fixed amount of precious metal, establishes its legitimacy. He clarifies that currency exchange, similar to that of gold or silver coins, is a valid transaction, provided it doesn’t involve interest or exploitation. He asserts that Dr. Qadri's conclusion is inaccurate, as the established equivalence of paper currency to a fixed weight of precious metal justifies its exchange.

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