If you want to transfer an amount from one bank to another and they take some dollars from you, what is the ruling?
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Question:
Honorable Shaykh, may Allah grant you success. This is a woman from Morocco who says: If I want to transfer an amount from one bank to another, they take some dollars from me. What is the ruling on giving them these amounts when transferring?
Answer:
Is this a transfer or an exchange? A mere transfer is permissible to take a fee for. But if it is an exchange, where you give them money here and they give you its exchange in another country, then that is not permissible, because those who exchange must take possession of the money in the meeting. If it is only a transfer, where they take the money from you and transfer it as is, and the person you sent it to receives it there, there is no harm in that, and it is permissible for them to take a fee for their work. Yes.
Honorable Shaykh, may Allah grant you success. This is a woman from Morocco who says: If I want to transfer an amount from one bank to another, they take some dollars from me. What is the ruling on giving them these amounts when transferring?
Answer:
Is this a transfer or an exchange? A mere transfer is permissible to take a fee for. But if it is an exchange, where you give them money here and they give you its exchange in another country, then that is not permissible, because those who exchange must take possession of the money in the meeting. If it is only a transfer, where they take the money from you and transfer it as is, and the person you sent it to receives it there, there is no harm in that, and it is permissible for them to take a fee for their work. Yes.
Source
قناة «العلامة الدكتور صالح الفوزان»، [360 -3022] إذا أردت تحويل مبلغا من بنك إلى بنك أخذوا مني بعض الدولارات، فما الحكم؟ — youtube.com
The Arabic text is a machine transcription of the audio recording.
