The lawful way to send money to another country in a different currency
Machine translationRead the Arabic original
Question:
He says: Honorable Shaykh, may Allah grant you success. He says: I work here in this country, and when I want to send money to my family through the bank, they require converting the money from Saudi riyals to my country's currency, or to the dollar. There is an increase in the money if I convert it to the dollar and then send it to my family. Is this increase considered riba (usury or interest)?
Answer:
Buy the currency you want your family to receive. Buy it here and transfer it yourself. There is no objection to them taking a fee for delivering it. So, buy the currency you want your family to receive from here, arrange it, and there is no objection to them taking a fee for delivering it.
He says: Honorable Shaykh, may Allah grant you success. He says: I work here in this country, and when I want to send money to my family through the bank, they require converting the money from Saudi riyals to my country's currency, or to the dollar. There is an increase in the money if I convert it to the dollar and then send it to my family. Is this increase considered riba (usury or interest)?
Answer:
Buy the currency you want your family to receive. Buy it here and transfer it yourself. There is no objection to them taking a fee for delivering it. So, buy the currency you want your family to receive from here, arrange it, and there is no objection to them taking a fee for delivering it.
Source
قناة «العلامة الدكتور صالح الفوزان»، [2230 -2802] المخرج الشرعي عند إرسال المال إلى بلد آخر بعملة مختلفة - الشيخ صالح الفوزان — youtube.com
The Arabic text is a machine transcription of the audio recording.