The ruling on taking a fee for currency exchange
Machine translationRead the Arabic original
The questioner:
This person asks and says: What is the ruling on one who takes a sum of money in exchange for converting currency for others? He converts five hundred for them at five hundred and ten, ten for the conversion? In exchange for converting for others and exchanging the currency for them, he takes ten riyals.
The Shaykh:
This is not permissible; it is riba (usury or interest). No fee is taken for currency exchange, meaning when the currencies differ.
The questioner:
When the currencies are the same.
The Shaykh:
When the currencies differ, there is no problem, but one takes an extra amount.
The questioner:
All of this.
The Shaykh:
Sahih Muslim 1587c Immediate exchange is required, but taking an extra amount when the currencies differ is permissible, yes.
The presenter:
May Allah reward you,
This person asks and says: What is the ruling on one who takes a sum of money in exchange for converting currency for others? He converts five hundred for them at five hundred and ten, ten for the conversion? In exchange for converting for others and exchanging the currency for them, he takes ten riyals.
The Shaykh:
This is not permissible; it is riba (usury or interest). No fee is taken for currency exchange, meaning when the currencies differ.
The questioner:
When the currencies are the same.
The Shaykh:
When the currencies differ, there is no problem, but one takes an extra amount.
The questioner:
All of this.
The Shaykh:
If these classes differ, then sell as you wish if payment is made hand to hand.
هَذِهِ الأَصْنَافُ فَبِيعُوا كَيْفَ شِئْتُمْ إِذَا كَانَ يَدًا بِيَدٍThe presenter:
May Allah reward you,
Source
شرح كتاب الصيام من كتاب هداية الراغب، شرح كتاب الصيام من هداية الراغب [3] — alfawzan.live (49:22)
The Arabic text is a machine transcription of the audio recording.