The Ruling on Automatic Currency Exchange and Credit Card Sales

Question:
Honorable Shaykh, I heard from you the statement that selling via what is called automatic currency exchange found in some shops is not valid. You attributed the reason to it not being hand-to-hand, knowing that in this case the money transfers directly to the seller from the moment this card is inserted. What is the difference between this and the Shaykh, which may be valid or invalid?

Answer:
If you mentioned that I spoke, I do not know what this automatic sale is. This automatic sale, what is this automatic sale? I know the sale now. I said regarding currency exchange, I said regarding currency exchange: if you bring dollars, or if you bring Saudi riyals to the bank and want dollars in exchange, if you bring Saudi riyals and want dollars or pounds in exchange.
Or any other currency, then mutual possession is necessary. You hand over the Saudi riyals and they hand over the replacement currency in the same meeting. As for them taking the Saudi riyals from you and handing over the replacement currency in another country, this is not permissible because it is selling a present item for an absent one. The Prophet (peace and blessings be upon him) said, "Do not sell a present item for an absent one," and he said, "Hand-to-hand." This is what I am saying. Yes, mutual possession is a condition in selling one currency for another. It is not sufficient to transfer it to another country without possession, or if they give you a check for it, that is not sufficient. This is because a check is a document, merely a document; you have not possessed anything. It is not sufficient. Yes. May Allah make the halal one buy and buy at a specific value automatically from an account directly.
This is a sale by card. This sale by card, they take an extra amount from you. They pay on your behalf and take an extra amount from you, so this is riba (usury or interest). They pay on your behalf and settle the accounts with the shop owners, and then they recover the amount from you with an increase. Goodbye.
No, my brother, they take money from you before the day they give you the card. They take money from you.
The day they give you the card, they do not give it to you except for money. No, it is not free. It is not free except they say at Al-Rajhi it is free, and no one else gives it to you except for money, and they take the increase from you in advance.