The Ruling on Hawalah and Safinah in Financial Transactions
Machine translationRead the Arabic original
Question:
This is a Yemeni questioner residing in the Kingdom who says: Honorable Shaykh, if a man is given an amount to deliver to another man in a different town in the currency of that town, and the difference in that currency from the riyals is a problem for him, does riba al-fadl (usury of excess in a like-for-like exchange) apply to this, or is there no harm in it?
Answer:
Regarding the well-known issue of safinah among the scholars, where he lends him an amount, and when he arrives in the lender's town, he pays the amount to the one to whom it was sent, meaning he pays its equivalent, he pays its equivalent. Some of the scholars permitted this, and it is not riba al-sarf (currency exchange usury), and there is no need for it. Yes.
The presenter:
May Allah reward you,
This is a Yemeni questioner residing in the Kingdom who says: Honorable Shaykh, if a man is given an amount to deliver to another man in a different town in the currency of that town, and the difference in that currency from the riyals is a problem for him, does riba al-fadl (usury of excess in a like-for-like exchange) apply to this, or is there no harm in it?
Answer:
Regarding the well-known issue of safinah among the scholars, where he lends him an amount, and when he arrives in the lender's town, he pays the amount to the one to whom it was sent, meaning he pays its equivalent, he pays its equivalent. Some of the scholars permitted this, and it is not riba al-sarf (currency exchange usury), and there is no need for it. Yes.
The presenter:
May Allah reward you,
Source
نور على الدرب - الفوزان - 03/198 — archive.org (5:06)
The Arabic text is a machine transcription of the audio recording.