Currency Transfers Between Countries and the Safinah
Machine translationRead the Arabic original
Question:
Honorable Shaykh, may Allah grant you success. A questioner says: What is the ruling on the currency transfers we send from these countries to our country, where we give the merchant here in Saudi Arabia riyals, and his agent in our country receives them in our local currency, and we are unable to exchange currency here?
Answer:
By Allah, this is a problem for him. No solution has been found for it except the matter of the saphinah: you take the money you want to transfer, you take it, then you go with it to the one who transfers it to your country; he transfers the same amount of money to his country. You hand him the money here, he finances it here, and then he pays you in the other country. There is no harm in this. As for currency exchange, it is not permissible except hand-to-hand.
Honorable Shaykh, may Allah grant you success. A questioner says: What is the ruling on the currency transfers we send from these countries to our country, where we give the merchant here in Saudi Arabia riyals, and his agent in our country receives them in our local currency, and we are unable to exchange currency here?
Answer:
By Allah, this is a problem for him. No solution has been found for it except the matter of the saphinah: you take the money you want to transfer, you take it, then you go with it to the one who transfers it to your country; he transfers the same amount of money to his country. You hand him the money here, he finances it here, and then he pays you in the other country. There is no harm in this. As for currency exchange, it is not permissible except hand-to-hand.
Source
شرح كتاب المنتقى من أخبار المصطفى صلى الله عليه وسلم، بداية من باب الصلح عن دم العمد بأكثر من الدية وأقل — islamhouse.com (1:12:54)
The Arabic text is a machine transcription of the audio recording.