Currency Exchange with Delayed Possession and the Ruling on Riba in It
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Question:
A man says: I give him an amount in Saudi riyals here in the Kingdom. Then he gives my family the equivalent amount in Jordanian dinars as a currency exchange. Does this fall under riba (usury or interest)?
Answer:
Yes, this means exchanging dirhams for dirhams without immediate exchange of possession. He gives him the dirhams here and takes money in exchange here. This is separation before possession, and it is a type of riba al-nasi'ah (usury of deferment). Riba al-nasi'ah is included in riba al-nasi'ah due to the delay in possession in this case. If some of it is exchanged with some of it, immediate exchange of possession in the meeting is required. Yes.
A man says: I give him an amount in Saudi riyals here in the Kingdom. Then he gives my family the equivalent amount in Jordanian dinars as a currency exchange. Does this fall under riba (usury or interest)?
Answer:
Yes, this means exchanging dirhams for dirhams without immediate exchange of possession. He gives him the dirhams here and takes money in exchange here. This is separation before possession, and it is a type of riba al-nasi'ah (usury of deferment). Riba al-nasi'ah is included in riba al-nasi'ah due to the delay in possession in this case. If some of it is exchanged with some of it, immediate exchange of possession in the meeting is required. Yes.
Source
قناة «العلامة الدكتور صالح الفوزان»، 10 من 25|دروس التفسير في الحرم المكي|تفسير سورة النساء|058-064|صالح الفوزان|كبار العلماء — youtube.com (46:10)
The Arabic text is a machine transcription of the audio recording.