Assalamu Alaikum Mufti Sahib,I want to ask about the permissibility of exchanging USDT (Tether) for Pakistani Rupees (PKR). My question is only about simple currency exchange, similar to converting USD to PKR. I do not mean any investment scheme, guaranteed profit or lending. The transaction is a normal buy-and-sell exchange at the live market rate, settled instantly via Bank, with no interest, delay, or speculation. It is simply giving USDT and receiving PKR, or vice versa.JazakAllah Khair

All perfect praise be to Allah, The Lord of the Worlds. I testify that there is none worthy of worship except Allah, and that Muhammad, sallallaahu 'alayhi wa sallam, is His slave and Messenger.

We apologize to the questioner for not providing a definitive answer at this time, as dealing in digital currencies remains a matter of uncertainty. Therefore, we advise refraining from engaging in them until academic authorities and Islamic jurisprudential councils issue a Sharīʿah ruling regarding them.

Allah knows best.