What is the ruling on sending money in one currency and receiving it in another currency in the recipient's country?
Machine translationRead the Arabic original
Question:
May Allah reward you, Honorable Shaykh. This questioner says: I am a resident who sends money to my family through a person who is also a resident with me. I give him money in Saudi riyals, and he gives my family the equivalent in pounds through a person in my country. Is that permissible?
Answer:
There is a problem with this, because this exchange is a currency exchange, and currency exchange requires the exchange of possession in the same meeting. However, you can buy the currency you want to transfer; you buy it here and transfer it to whom you want, and by doing so, you avoid the problems. Yes, buy it and transfer it. Yes. It is not that you transfer dirhams and receive other currency in exchange for them there. No. Yes.
May Allah reward you, Honorable Shaykh. This questioner says: I am a resident who sends money to my family through a person who is also a resident with me. I give him money in Saudi riyals, and he gives my family the equivalent in pounds through a person in my country. Is that permissible?
Answer:
There is a problem with this, because this exchange is a currency exchange, and currency exchange requires the exchange of possession in the same meeting. However, you can buy the currency you want to transfer; you buy it here and transfer it to whom you want, and by doing so, you avoid the problems. Yes, buy it and transfer it. Yes. It is not that you transfer dirhams and receive other currency in exchange for them there. No. Yes.
Source
قناة «العلامة الدكتور صالح الفوزان»، [3014 -3022] ما حكم إرسال المال بعملة واستلامها بعملة أخرى في بلد المرسل إليه؟ - الشيخ صالح الفوزان — youtube.com
The Arabic text is a machine transcription of the audio recording.