Transferring a salary in a different currency to family members and currency exchange
Machine translationRead the Arabic original
The questioner:
Honorable Shaykh, may Allah grant you success. He says: I transfer a monthly salary or a monthly amount to my father in our country, and the employee receives it from me in Saudi riyals, then delivers it there in our country in pounds. Is this a riba (usury or interest) transaction?
The Shaykh:
Yes, this is delaying the exchange. The exchange must be hand-to-hand. The hadiths indicate that it must be hand-to-hand, so they must not separate until the exchange is complete. If currency is sold for currency, this means exchange, so the mutual possession must take place in the same session. He can resort to a method other than exchange. What method other than exchange does he have? He buys the currency of his country and sends it. He sends it via transfer. He sends it via transfer with the bank. The bank sends it there for a fee. Yes.
The questioner:
Honorable Shaykh, may Allah grant you success.
The Shaykh:
With a person, he sends it with a person who delivers it. Yes.
Honorable Shaykh, may Allah grant you success. He says: I transfer a monthly salary or a monthly amount to my father in our country, and the employee receives it from me in Saudi riyals, then delivers it there in our country in pounds. Is this a riba (usury or interest) transaction?
The Shaykh:
Yes, this is delaying the exchange. The exchange must be hand-to-hand. The hadiths indicate that it must be hand-to-hand, so they must not separate until the exchange is complete. If currency is sold for currency, this means exchange, so the mutual possession must take place in the same session. He can resort to a method other than exchange. What method other than exchange does he have? He buys the currency of his country and sends it. He sends it via transfer. He sends it via transfer with the bank. The bank sends it there for a fee. Yes.
The questioner:
Honorable Shaykh, may Allah grant you success.
The Shaykh:
With a person, he sends it with a person who delivers it. Yes.
Source
شرح كتاب المنتقى من أخبار المصطفى صلى الله عليه وسلم، أول كتاب اللباس — islamhouse.com (1:07:44)
The Arabic text is a machine transcription of the audio recording.