Question Summary:
Is Hundi halal or haram?

Question Detail:

IS HOONDI HALAL OR HARAM IN BANGLADESH?

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