Is it valid to transfer money from one country to another via checks?

Question:
What is the ruling of the noble Shari'ah regarding transferring money from one country to another via checks, if it is known that when a man goes to one of the banks, he is told that the Jordanian dinar, for example, is twenty riyals and twenty halalas in cash, but via transfer it is twenty riyals and ten halalas? What is the safest way?

Answer:
What appears in this case is that these transfers of one currency for another hand-to-hand are fine, whether it is a dinar, a Swiss franc, a dollar, or any currency. If one takes one currency for another hand-to-hand and then transfers it as he wishes, there is no harm. For example, he says, "Give me such and such currency for such and such amount." If they agree on that hand-to-hand, he can transfer it to any destination or to another place, and there is no harm. The issue arises if the currency is present with the student or the bank owner or the merchant, but he transfers it to another location. For instance, he transfers it in Jordanian dinars to Egypt or America, or he gives it in Saudi riyals and transfers it to dollars in another place, or he utilizes it in another place. Is that permissible, and does the currency in which the transfer is made count as a possession that suffices? This is the point of consideration. People practice this, and the Shaykh considers it a possession because he has now taken what secures the obtaining of the desired additional currency. If there is no concern in one's heart regarding it, if there is no concern in one's heart about it, does it count as a possession and suffice for the reality of what the Prophet (peace and blessings be upon him) said: "Gold for gold hand-to-hand, silver for silver hand-to-hand, and the reverse is fine if it is hand-to-hand." How did you arrive at this if it is hand-to-hand? If he exchanges Saudi currency for American currency or other currency, does the Shaykh consider it a possession and an immediate exchange? Or must he give him the currency at the bank and then he transfers it afterwards? He gives him the Saudi currency and the other currency is the equivalent from the bank owner, and then he transfers it afterwards. If this happens, there is no doubt in it, meaning there is the intended statement. If we assume, for example, that he handed over a thousand riyals and took dollars in exchange immediately or something similar, and then transferred it to this bank or another, this is not permissible for him. The doubt lies in if he takes a check for this thing and the money is taken from another location. This is the point of consideration. Many of our brothers who see this as a possession and that the intended result is achieved, as if it is a possession of its kind, as if it is used by people, and it has become everywhere, and it is as if it is by itself, and there is no concern in one's heart about it, then there is fulfillment in it. And Allah (Exalted and Majestic is He) knows best. Yes.