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﴿ فَاسْأَلُوا أَهْلَ الذِّكْرِ إِن كُنتُمْ لَا تَعْلَمُونَ ﴾

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What is the ruling on transferring money to another country through banks?

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Question:
May Allah bless you. I am a resident of Saudi Arabia, having been here for a year, and I am part of the Sudanese community. I want to transfer some money to my family in Sudan. Is it permissible to transfer money through banks?

Answer:
Whatever is contrary to the ruling, you take and buy the currency you want to buy from here and transfer it to the country where your children are. Transferring is permissible; there is no harm in banks or in other means. People need this, and there is no riba (usury or interest) in transferring. There is no riba in transferring. Transferring has existed since the time of the Prophet (peace and blessings be upon him). He said: "Whoever is transferred to a solvent person, let him follow him." In another narration: "Whoever is transferred to a solvent person, let him follow him." Transferring is permissible.
Source قناة «العلامة الدكتور صالح الفوزان»، ما حكم تحويل المال لبلد آخر عن طريق البنوك؟ للشيخ الفوزان — youtube.com

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

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