Category: Business Matters
Fatwa#: 39316
Asked Country: Bangladesh

Answered Date: Nov 03,2017

Title: Is Hundi halal or haram?

Question

IS HOONDI HALAL OR HARAM IN BANGLADESH?

HOONDI IS ILLIGAL IN MY COUNTRY FOR PROTECT MONEY LAUNDERING, COLLECT ACTUAL GOVERNMENT TAX OR SAVE FOREIGN CURRENCY. IN MY COUNTRY HOONDI AGENT DOESN’T USE ANY LEGAL CHANNEL FOR SENDING OR RECEIVING MONEY AND IN REAL SENSE NO HARD CURRENCY TRANSFER INTO THE BORDER AND THIS TRANSFER IS NOT FULLY IDENTIFIED. FOR EXAMPLE, TO SETTLE ANY IMPORT PAYMENT IN ABROAD THEY ACTUALLY SETTLE SOME EXPORT PAYMENT IN HOME AND VISE-VERSA.

Answer

In the Name of Allah, the Most Gracious, the Most Merciful.

As-salāmu ‘alaykum wa-rahmatullāhi wa-barakātuh.

 

It is permissible to purchase foreign currency through an agent and use him to pay the foreign currency overseas. [1]

 

However, the Shariah validity of the forex transaction depends on the procedure adopted in the foreign exchange transaction.

 

It is also important to note that a muslim should not put himself in a disgraceful situation by being convicted for violations the laws of a country. [2]

 

And Allah Ta’āla Knows Best

Rabiul Islam

Student Darul Iftaa
Detroit, Michigan, USA

Checked and Approved by,
Mufti Ebrahim Desai.



 

[1]  https://www.thefreedictionary.com/hundi

 

https://www.merriam-webster.com/dictionary/hundi

 

https://en.wikipedia.org/wiki/Hundi

 

Hundi: is an informal system for money transferring, a bill of exchange, especially in south Asia, in which local agent collect money or goods on behalf of friends, relatives, or other agents without legal protection or supervision, trusting that all remaining obligations will be settled through future transaction.

 

اسلام اور جدید معاشی مسائل (ج:3  ص:163-165  م: ادارۂ اسلامیات) شیخ الاسلام جسٹس مولانا محمد تقی عثمانی دامت برکاتہم

 

 

[2]  احسن الفتاوی (جلد: 8 ص:217 م: ایچ ایم سعید کمپنی) فقیہ العصر مفتی اعظم حضرت مفتی رشید احمد احمد صاحب (دامت برکاتہم)

مباحات میں حکومت کی اطاعت واجب ہے…

امور مباحہ میں حکومت کے قانون کی خلاف ورزی سخت گناہ ہے۔

 

https://www.sc.com/bd/notice-announcements/en/pdf/Bangladesh-Bank-Notice-2.pdf

 

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