The Ruling on Transferring Monetary Amounts Between Countries
Machine translationRead the Arabic original
The questioner : The second issue, O Shaykh. The issue of transferring, O Shaykh, from one country to another.
The Shaykh : Transferring. Transferring the amount means I am in this country and I want to transfer an amount to another country in the same currency as that other country, and in the same place. This is obligatory in one of two ways: either you exchange the Saudi riyals in your country for the currency of the other country. For example, if a person has Saudi riyals and wants to transfer them to another country as dollars, we say: buy dollars in Saudi Arabia, then transfer them to the other country as dollars. This is one way. This is done in order to complete the exchange before parting, rather than transferring the Saudi riyals to the other country and performing the exchange there?
The questioner : O Shaykh, I mean.
The Shaykh : The exchange takes place there, so you exchange the Saudi riyals there at their rate and convert them into dollars. These are two ways, and there is no problem with either. If that is not feasible, as we have heard, then there is no harm in exchanging the Saudi riyals for dollars in Saudi Arabia and then transferring them to the other country as dollars out of necessity.
The questioner : O Shaykh, it is direct, without converting to a third currency. Directly, I have, for example, a Saudi amount that I want to transfer to my own country in the currency of that country itself.
The Shaykh : That is it.
The questioner : I, I have stated.
The Shaykh : I mentioned the dollar because, as you know, the dollar is a global currency. Yes.
The presenter : May Allah reward you with good. Thank you. Al-Sa'id. And you
The Shaykh : Transferring. Transferring the amount means I am in this country and I want to transfer an amount to another country in the same currency as that other country, and in the same place. This is obligatory in one of two ways: either you exchange the Saudi riyals in your country for the currency of the other country. For example, if a person has Saudi riyals and wants to transfer them to another country as dollars, we say: buy dollars in Saudi Arabia, then transfer them to the other country as dollars. This is one way. This is done in order to complete the exchange before parting, rather than transferring the Saudi riyals to the other country and performing the exchange there?
The questioner : O Shaykh, I mean.
The Shaykh : The exchange takes place there, so you exchange the Saudi riyals there at their rate and convert them into dollars. These are two ways, and there is no problem with either. If that is not feasible, as we have heard, then there is no harm in exchanging the Saudi riyals for dollars in Saudi Arabia and then transferring them to the other country as dollars out of necessity.
The questioner : O Shaykh, it is direct, without converting to a third currency. Directly, I have, for example, a Saudi amount that I want to transfer to my own country in the currency of that country itself.
The Shaykh : That is it.
The questioner : I, I have stated.
The Shaykh : I mentioned the dollar because, as you know, the dollar is a global currency. Yes.
The presenter : May Allah reward you with good. Thank you. Al-Sa'id. And you
Source
قناة «فضيلة الشيخ محمد بن صالح العثيمين»، 1856- حكم تحويل المبالغ المالية بين البلاد /سؤال على الهاتف 📞 /ابن عثيمين — youtube.com
The Arabic text is a machine transcription of the audio recording.