What is the ruling on transferring money from one country to another?
Machine translationRead the Arabic original
Question:
Honorable Shaykh, may Allah grant you success. He says: When transferring from one account to another in a bank, the bank takes a commission that reaches twenty-five riyals. He asks: Is this considered riba (usury or interest), or is it a lease for this work?
Answer:
What is its nature? I did not understand its nature. Transferring is known to be permissible, but if you give money here and receive its equivalent in another country, that is currency exchange and is not permissible. But if you give the money and it goes, and you receive it for your relative, there is no harm. This transfer takes what does not contradict [the rules], yes.
Honorable Shaykh, may Allah grant you success. He says: When transferring from one account to another in a bank, the bank takes a commission that reaches twenty-five riyals. He asks: Is this considered riba (usury or interest), or is it a lease for this work?
Answer:
What is its nature? I did not understand its nature. Transferring is known to be permissible, but if you give money here and receive its equivalent in another country, that is currency exchange and is not permissible. But if you give the money and it goes, and you receive it for your relative, there is no harm. This transfer takes what does not contradict [the rules], yes.
Source
قناة «العلامة الدكتور صالح الفوزان»، [1630 -3022] حكم تحويل النقود من بلد إلى بلد آخر؟ - الشيخ صالح الفوزان — youtube.com
The Arabic text is a machine transcription of the audio recording.