The bank’s commission on transferring currency abroad
Machine translationRead the Arabic original
The questioner:
Honorable Shaykh, may Allah grant you success. This questioner says: I transfer riyals to dollars through one of the banks to my family in Egypt, and this bank takes a commission on this transfer. Is there anything wrong with this matter?
The Shaykh:
There is an issue. First, the delay in taking possession in currency exchange; currency exchange must be hand-to-hand. This is a problem now, but the solution, and Allah knows best, is that he buys the Saudi currency and transfers it to the country he wants, or to the person he wants to transfer it to. There is no harm in the bank taking a fee for the transfer. Yes.
The questioner:
Honorable Shaykh, may Allah grant you success. This questioner says: A man performed 'Umrah, but he did not perform sa'y between the two hills.
The Shaykh:
My intention is that he bought the currency, not in Saudi riyals, but the currency he wants to send. He bought it from this bank and transferred it. There is no harm. He does not transfer Saudi riyals and receive the equivalent there; that is not hand-to-hand. But he buys the currency he wants to send from here and sends it. And he pays, meaning, a transfer fee. There is no harm. Yes.
Honorable Shaykh, may Allah grant you success. This questioner says: I transfer riyals to dollars through one of the banks to my family in Egypt, and this bank takes a commission on this transfer. Is there anything wrong with this matter?
The Shaykh:
There is an issue. First, the delay in taking possession in currency exchange; currency exchange must be hand-to-hand. This is a problem now, but the solution, and Allah knows best, is that he buys the Saudi currency and transfers it to the country he wants, or to the person he wants to transfer it to. There is no harm in the bank taking a fee for the transfer. Yes.
The questioner:
Honorable Shaykh, may Allah grant you success. This questioner says: A man performed 'Umrah, but he did not perform sa'y between the two hills.
The Shaykh:
My intention is that he bought the currency, not in Saudi riyals, but the currency he wants to send. He bought it from this bank and transferred it. There is no harm. He does not transfer Saudi riyals and receive the equivalent there; that is not hand-to-hand. But he buys the currency he wants to send from here and sends it. And he pays, meaning, a transfer fee. There is no harm. Yes.
Source
شرح إغاثة اللهفان من مصائد الشيطان لابن القيم، فصل هذا السماع الشيطاني المضاد للسماع الرحماني له في الشرع بضعة عشر اسمًا — islamhouse.com (1:00:26)
The Arabic text is a machine transcription of the audio recording.