Ruling on exchanging Saudi riyals for a foreign currency for transfer
Machine translationRead the Arabic original
Question:
May Allah reward you. The Honorable Shaykh says: Is it permissible for me to exchange Saudi riyals for a foreign currency that my relatives in my country respect, while I am here in Saudi Arabia without an official document, if the amount is transferred via something that is sent and then processed, knowing that the bank deducts its fee for the transfer, i.e., for the item?
Answer:
The safest course and the way to avoid the problem is to exchange the Saudi currency for the currency you want in the country to which you wish to transfer, then transfer the exchanged currency, the currency you want to send to your family. You send it. It falls to the ground. I exchange it, converting the Saudi riyals. The currency you want, and you transfer the currency you want.
This is the best, and whoever does this has no problem at all. As for handing over Saudi riyals and receiving in exchange riyals or currency in the other country, there is a major problem in this, because there is no simultaneous exchange. Exchange requires simultaneous exchange in the same session, and this is where the simultaneous exchange did not occur. You handed over the Saudi riyals and did not receive their equivalent in the session, but rather their equivalent is handed over in a distant land, another country. This is a major problem, and it falls under, but some scholars of the present era, including the Islamic Fiqh Academy in Makkah al-Mukarramah,
have ruled that if the check is certified, if you receive a certified check in the currency you want in the other country, this serves as a substitute for cash. The certified check serves as a substitute for cash. According to this fatwa, there is no harm if the check is certified. But if the check is not certified, this is not permissible. In Islam, you must receive either cash or what serves as a substitute for cash, which is the pre-dated check. It takes time, except for what is transferred from the time. Yes. May Allah reward you, Honorable Shaykh. Between the Sharia ruling and people harming it, yes.
May Allah reward you. The Honorable Shaykh says: Is it permissible for me to exchange Saudi riyals for a foreign currency that my relatives in my country respect, while I am here in Saudi Arabia without an official document, if the amount is transferred via something that is sent and then processed, knowing that the bank deducts its fee for the transfer, i.e., for the item?
Answer:
The safest course and the way to avoid the problem is to exchange the Saudi currency for the currency you want in the country to which you wish to transfer, then transfer the exchanged currency, the currency you want to send to your family. You send it. It falls to the ground. I exchange it, converting the Saudi riyals. The currency you want, and you transfer the currency you want.
This is the best, and whoever does this has no problem at all. As for handing over Saudi riyals and receiving in exchange riyals or currency in the other country, there is a major problem in this, because there is no simultaneous exchange. Exchange requires simultaneous exchange in the same session, and this is where the simultaneous exchange did not occur. You handed over the Saudi riyals and did not receive their equivalent in the session, but rather their equivalent is handed over in a distant land, another country. This is a major problem, and it falls under, but some scholars of the present era, including the Islamic Fiqh Academy in Makkah al-Mukarramah,
have ruled that if the check is certified, if you receive a certified check in the currency you want in the other country, this serves as a substitute for cash. The certified check serves as a substitute for cash. According to this fatwa, there is no harm if the check is certified. But if the check is not certified, this is not permissible. In Islam, you must receive either cash or what serves as a substitute for cash, which is the pre-dated check. It takes time, except for what is transferred from the time. Yes. May Allah reward you, Honorable Shaykh. Between the Sharia ruling and people harming it, yes.
Source
استبدال وتحويل العملات في غير المجلس الواحد — alfawzan.live
The Arabic text is a machine transcription of the audio recording.