The Ruling on Currency Exchange Between Different Countries
Machine translationRead the Arabic original
Question:
This is a caller to the program, Abdullah. He says: I ask you, Shaykh, about the ruling on banking transactions where an amount is sent and the amount is delivered in another country, in Saudi riyals or a foreign currency, and the amount is delivered in that country. What is its ruling? May you be rewarded.
Answer:
This is currency exchange. Currency exchange requires the exchange of possession in the meeting. You hand over the riyals and take the other currency in exchange in the meeting. This is the condition. The Prophet (peace and blessings be upon him) said:Sahih Muslim 1587c If the taking of possession is delayed beyond the meeting, it is riba al-nasi'ah (usury of deferment), which is forbidden. The way out of this is that he buys the currency he wants to be sent to him in the other country. He buys it from the country where he is, and sends it to the person he wants in his country. Yes.
The presenter:
May Allah reward you,
This is a caller to the program, Abdullah. He says: I ask you, Shaykh, about the ruling on banking transactions where an amount is sent and the amount is delivered in another country, in Saudi riyals or a foreign currency, and the amount is delivered in that country. What is its ruling? May you be rewarded.
Answer:
This is currency exchange. Currency exchange requires the exchange of possession in the meeting. You hand over the riyals and take the other currency in exchange in the meeting. This is the condition. The Prophet (peace and blessings be upon him) said:
If these classes differ, then sell as you wish if payment is made hand
فإذا اختلفت هذه الأجناس فبيعوا كيف شئتم إذا كان يداhand-to-hand
بيد،The presenter:
May Allah reward you,
Source
نور على الدرب - الفوزان - 03/276 — archive.org (12:51)
The Arabic text is a machine transcription of the audio recording.