Is it permissible to convert money in one currency and receive it in another country in a different currency?
Machine translationRead the Arabic original
Question:
May Allah reward you, Your Eminence, father. The questioner says: I am from Sudan and reside in the Kingdom. I gave one of the Sudanese brothers here a sum of money in Saudi riyals to convert it into Sudanese pounds for my family in Sudan. Is there any harm in that?
Answer:
Yes, there is a problem with this, because this is currency exchange. Exchanging currency for currency is currency exchange, and currency exchange requires the exchange of possession in the meeting place. The consideration and the thing considered must be exchanged in the meeting place. So the best thing is to buy the Sudanese pound here and then go to Sudan.
May Allah reward you, Your Eminence, father. The questioner says: I am from Sudan and reside in the Kingdom. I gave one of the Sudanese brothers here a sum of money in Saudi riyals to convert it into Sudanese pounds for my family in Sudan. Is there any harm in that?
Answer:
Yes, there is a problem with this, because this is currency exchange. Exchanging currency for currency is currency exchange, and currency exchange requires the exchange of possession in the meeting place. The consideration and the thing considered must be exchanged in the meeting place. So the best thing is to buy the Sudanese pound here and then go to Sudan.
Source
قناة «العلامة الدكتور صالح الفوزان»، [2028- 4717] هل يجوز تحويل المال بعملة واستلامها في بلد آخر بعملة أخرى؟ - الشيخ صالح الفوزان — youtube.com
The Arabic text is a machine transcription of the audio recording.