Question
The Indian government has invalidated certain denominations of their currency notes. Many people are sitting with millions of rupees of these notes. However, some people are exchanging these notes for less than two thirds their value, e.g. for 300,000 rupees, they give 100,000. They have some way whereby they will make a profit. Is this type of dealing permissible?
Answer
The exploitation is haraam. Those who are exploiting and profiteering in the wake of the Indian government's haraam law are guilty of blood-sucking. Nevertheless, the people who have to get rid of the rupees have no alternative but to submit to the exploitation to at least save a portion of the money. The exploiters will be sinful, not those who are losing their money.
- Source
- themajlis.co.za
- Published in
- The Majlis Vol 24 No 01
- PDF page
- 4
Appears under HARAAM CARRION PRODUCTS (approximate).