Transferring money with individuals without physical exchange
Machine translationRead the Arabic original
Question:
What is the ruling on transferring funds with individuals, meaning merchants, where the exchange of possession is not made at the same time as the delivery?
Answer:
This is a transfer of debt (hawalah), and there is nothing wrong with it. The exchange of possession is only obligatory when selling cash for cash. As for the transfer of debt, nothing is obligatory in it. Yes, except that it must be delivered to its owner. Yes.
What is the ruling on transferring funds with individuals, meaning merchants, where the exchange of possession is not made at the same time as the delivery?
Answer:
This is a transfer of debt (hawalah), and there is nothing wrong with it. The exchange of possession is only obligatory when selling cash for cash. As for the transfer of debt, nothing is obligatory in it. Yes, except that it must be delivered to its owner. Yes.
Source
75-لقاءات مع الشيخ صالح الفوزان - 14- — archive.org (1:02:37)
The Arabic text is a machine transcription of the audio recording.