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﴿ فَاسْأَلُوا أَهْلَ الذِّكْرِ إِن كُنتُمْ لَا تَعْلَمُونَ ﴾

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How to transfer money to another country in its currency

Machine translationRead the Arabic original
The questioner:
And I said, Father, Shaykh, may Allah preserve you, I want to transfer an amount in Saudi riyals, and my brother will receive it in the currency of my country. How do I deal with the bank so that I can avoid the evidence [of prohibition]?

The Shaykh:
Dealing with the bank is easy: you buy the currency of your country here, and you transfer it with the bank, and it transfers it for you, and your brother receives it there. This is the way out. As for you handing over the money here and your brother receiving the alternative currency there, that is not permissible, because this is riba al-nasi'ah (usury of deferment). Yes.

Another questioner:
Huh? Praise be to Allah.

The Shaykh:
I do not think so, no, all international currencies are available here in the banks, they are all available in the banks, they bring them to you. If you do not find it in this bank or this bank, you will find it in the second bank. Yes.

The presenter:
May Allah reward you. Yes.
Source قناة «العلامة الدكتور صالح الفوزان»، 10 من 89|شرح العدة في شرح العمدة|البيوع|باب الربا|صالح الفوزان|الفقه|كبار العلماء — youtube.com (1:03:11)

The Arabic text is a machine transcription of the audio recording.

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