O esteemed Shaykh, there is no alternative to the first method, because if you buy, for example, Moroccan currency and deposit it in the bank, you will not receive the same currency there; rather, you are also given a slip to collect the currency there.
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The questioner : But O esteemed Shaykh, there is no alternative to the first method, because if you buy, for example, Moroccan currency and deposit it in the bank, you will not receive the same currency there; rather, you will also be given a slip to collect the currency there?
The Shaykh : May Allah reward you. When you bought Moroccan currency and exchanged it for Saudi currency, that is currency exchange, and it was done hand-to-hand.
The questioner : Yes.
The Shaykh : Then I gave the bank these Moroccan dirhams to transfer them to Morocco.
The questioner : Yes.
The Shaykh : Just as I give the bank in Riyadh Saudi dirhams to transfer them to Qassim as Saudi dirhams.
The questioner : But the basis is that it exists ... in the bank.
The Shaykh : Yes, and this is not a matter of sale; the scholars call this a *sawtajah*, meaning that he takes dirhams from you in this place and then transfers them to you in the other place, and you take them from him.
The questioner : Yes.
The Shaykh : Yes, indeed.
The Shaykh : May Allah reward you. When you bought Moroccan currency and exchanged it for Saudi currency, that is currency exchange, and it was done hand-to-hand.
The questioner : Yes.
The Shaykh : Then I gave the bank these Moroccan dirhams to transfer them to Morocco.
The questioner : Yes.
The Shaykh : Just as I give the bank in Riyadh Saudi dirhams to transfer them to Qassim as Saudi dirhams.
The questioner : But the basis is that it exists ... in the bank.
The Shaykh : Yes, and this is not a matter of sale; the scholars call this a *sawtajah*, meaning that he takes dirhams from you in this place and then transfers them to you in the other place, and you take them from him.
The questioner : Yes.
The Shaykh : Yes, indeed.