For example if I want to get BTC, I should get it for the price it is worth in the market with my USDT, if the seller is adding interest, then it is haram. same way I should get yhe price of dollars for what it is worth in the market.

This is the little I know.[/quote]

You have spoken well, except here. Look the hadith said like for like, USDT and BTC aren't the same. So it is okay if a seller want to sell at his or her price so far you are not forced to buy from him or her. Please read the hadith again.

Also the concept of hand-to-hand is a subject for possession like you explained. So far the possession of the traded items have changed from the seller to the buyer and vice verse.

This is my understanding of the subject matter

truthCoder:


This is a quote from the OP:
‘ But when the deal is concerning the same type of currency, such as selling one dollar for two dollars, that is not permissible because it is a type of riba.’

Any deal that involves me getting less or more than my monetary investment is riba.

A POS merchant collects funds from my bank account and gives me an amount lesser than the amount he has collected. That is riba according to this definition.

A bank collects cash from me as deposits but gives me access to a lesser amount. That too is riba.

Any deal (including services) should return my exact amount to me else it turns into riba.

That is the clear interpretation from the OP’s post.

Even in islamic banking, it is seen as riba to collect interest (which is a service charge for lending out) so your justification holds no water.

In relation to cultural relativism, i am using islam to explain islam and not using another culture. If islam says something is riba, why are you trying to say itnis not riba?

You get it wrong in my opinion, like you said the POS merchant withdraws for you or whatever thing they do. it is a service, not a trade. They helped you to withdraw with the POS machine. That's a service, my respected friend.

Bintabisiriyu2:
Muslims are fools, one day fucking your wife would be prohibited, then your foolish imam can now secretly bang her for you

How so? There are foolish people everywhere and in every religion. The other day a pastor recommended 30 or 60 days of fasting for his followers and also told the married among them not to have sex within that period.

I don't understand his reasoning may you can be of help. What I know is it okay to abstain from food and drink and even sex in the recommended days. What of the evening when you break your fast, when you eat and drink. Can't you have sex with your wife at that time too?

Dybala11:

That scenario is wrong nao, selling old notes for new is all shades of wrong. What I meant by my question is that POS agents help to do transaction in the same currency and they get paid for that e.g Say I want to withdraw money from my account, if I place a withdrawal of 10k at a POS terminal of course the POS agent will deduct some token from the 10k. That's like giving in 10k to get say 9,500.

That can be categorized as the cost of service rendered. Although it is expensive, one can only imagine the stress the POS agent also went through to get those cash. The POS agents are ordinary Nigerians like me and you. They don't own a bank nor do they print the money. It is well, may the Lord help our country.

Dybala11:

So all POS operators are going to hell right??

Wait, do they sell new naira notes for old naira notes? Is that even legal according to the Nigerian constitution?

truthCoder:


Pray thee explain this scenario in light of this, then.

Okay let me help you understand. If you go to a bank or a POS merchant, are you going there to exchange your Naira (pre naira swapping period) or going to seek the use of a service. Services in the case of a POS merchant could be helping you to send funds to your account or that of another person or withdrawing funds from your account. In the case of banks, well you can imagine that yourself. If collects charges for using their services it doesn't equate to trading same currency.

Pls, we all need to be educated and embrace what is called "cultural relativisms". Muslims should respect the religion of others, and others should respect Islam as well.

This thread brings back memories. I have visited a number of places in Korea. Including but not limited to the Hahoe village (a UNESCO world heritage site said have been in existence a number of centuries back), Mungyeong (a film village for kdrama local scenes), and many other places. When I feel like it, maybe I may create a thread to document my experience for all to enjoy.

As I was reading your post, I almost clicked your link to read further. Nonsense

Jazakumullahu khayran. May Allah increase us in knowledge of deed and in eeman. Jumat Mubarak

izaq.sodiq@gmail.com

Nice write up. Absolutely fantastic and inspiring