The Ruling on Automatic Currency Exchange from Bank ATMs
Machine translationRead the Arabic original
What is the ruling on what is called automatic currency exchange from automatic machines, especially since the bank from which the exchange is made benefits from the exchange process?The Shaykh: What is the situation? So that the brothers can hear, he is asking about automatic currency exchange.
The questioner: For example, if one has an account with, say, Al-Rajhi Bank.
The Shaykh: Yes, Al-Rajhi Company.
The questioner: And you are exchanging, for example, from Al-Riyadh Bank, so Al-Riyadh Bank returns with interest to Al-Rajhi Bank for this operation, meaning a certain interest, by the hour for the single operation?
The apparent: That there is nothing wrong with this, as long as you did not take riba (usury or interest) and did not pay riba (usury or interest).
The questioner: But Al-Riyadh Bank benefits.
The Shaykh: Stay with me, you did not take riba (usury or interest) and did not pay riba (usury or interest), is that not so?The questioner: Yes.
The Shaykh: So: we remain in the transaction between the bank and Al-Rajhi Company,He says, for example: I did not lend you a loan; but instead of you tiring yourself out and placing an ATM in such-and-such a market, I placed one and I want a fee for that, this is their statement regarding this matter, and I have hesitation about it, there is no doubt that a person does not say it is halal (lawful) (100%), and if a person has hesitation in any of the transactions, then we have a broad, well-known rule in the Shari'ah (Islamic sacred law),and she: (that the original ruling in transactions is permissibility) unless I am certain that it is haram (forbidden), in which case it is prohibited, otherwise we do not restrict the servants of Allah in anything that we do not know Allah has forbidden, as for acts of worship; the original ruling in them is prohibition,So any person we see worshipping with a worship, we say: What is the evidence for this? But the original ruling in transactions is permissibility,If a person says: This is forbidden,We say: What is the evidence?!
The questioner: For example, if one has an account with, say, Al-Rajhi Bank.
The Shaykh: Yes, Al-Rajhi Company.
The questioner: And you are exchanging, for example, from Al-Riyadh Bank, so Al-Riyadh Bank returns with interest to Al-Rajhi Bank for this operation, meaning a certain interest, by the hour for the single operation?
The apparent: That there is nothing wrong with this, as long as you did not take riba (usury or interest) and did not pay riba (usury or interest).
The questioner: But Al-Riyadh Bank benefits.
The Shaykh: Stay with me, you did not take riba (usury or interest) and did not pay riba (usury or interest), is that not so?The questioner: Yes.
The Shaykh: So: we remain in the transaction between the bank and Al-Rajhi Company,He says, for example: I did not lend you a loan; but instead of you tiring yourself out and placing an ATM in such-and-such a market, I placed one and I want a fee for that, this is their statement regarding this matter, and I have hesitation about it, there is no doubt that a person does not say it is halal (lawful) (100%), and if a person has hesitation in any of the transactions, then we have a broad, well-known rule in the Shari'ah (Islamic sacred law),and she: (that the original ruling in transactions is permissibility) unless I am certain that it is haram (forbidden), in which case it is prohibited, otherwise we do not restrict the servants of Allah in anything that we do not know Allah has forbidden, as for acts of worship; the original ruling in them is prohibition,So any person we see worshipping with a worship, we say: What is the evidence for this? But the original ruling in transactions is permissibility,If a person says: This is forbidden,We say: What is the evidence?!