What is the ruling on buying frozen funds and using them to purchase items?
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1 Answer
Peace be upon you.
Grand Ayatollah Sayyid Khamenei (may Allah protect him):
Firstly: It appears that the term 'frozen currency' refers to currency that is no longer in circulation or usable, and cannot be traded in the public market. Therefore, it may be considered akin to invalid or counterfeit currency that is used to deceive people. If it falls into this category, transactions involving it are prohibited, and it cannot be used as a substitute or compensation in dealings, whether the recipient is unaware or aware of its status, unless the transaction is based on its material and it is stipulated that it be destroyed (torn) or if there is trust in its destruction (tearing). It is not unlikely that it is obligatory to destroy it, even by tearing, to prevent corruption.
Secondly: These matters are subject to laws and regulations established to maintain public order, and it is not permissible to deviate from them.
Source: Tahrir al-Wasilah, Transactions and Trade, M 9 + Special Inquiry: 1, 2.
Grand Ayatollah Sayyid Sistani (may Allah protect him):
Firstly: It appears that the term 'frozen currency' refers to currency that is no longer in circulation or usable, and cannot be traded in the public market. Therefore, it may be considered akin to invalid or deceptive currency used to deceive people. If it falls into this category, transactions involving it are prohibited, and it cannot be used as a substitute or compensation in dealings, whether the recipient is unaware or aware of its status. However, if the recipient is aware and the currency has a significant value, it is permissible to use it, and it is also permissible to pay an oppressor with it without informing them that it is counterfeit.
Secondly: It appears that dealing in Libyan dollars is against the law. Therefore, if there is a law in effect and approved by an authority with legal jurisdiction, it is obligatory to adhere to it and not to violate it.
Source: Minhaj al-Salihin, Vol. 2, Introduction, M 12 + Official Website
May you be successful in all good.