I was in one of the countries, and when withdrawing an amount of money in that country's currency from an ATM, they calculate the currency exchange rate, and they also calculate another amount as a fee for
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The questioner : I was in one of the countries, and when I withdrew an amount of money in that country's currency from an ATM, they calculated the currency exchange rate, and they also calculated another amount, which they said was a fee for using the machine. Is this considered riba?
The Shaykh : As for the fact that the machine, meaning it consumes something, and this withdrawal is in exchange for using the machine, there is no harm in it, because it is like a wage.
As for the issue of currency exchange, where one puts in, for example, Saudi riyals and takes out a British pound, this is not permissible, because in monetary transactions, the exchange must be hand-to-hand.
Yes, if we suppose that this machine contains Saudi riyals and a British pound, and one inserts the card, then we say that it is permissible, because it will be hand-to-hand. Yes.
The Shaykh : As for the fact that the machine, meaning it consumes something, and this withdrawal is in exchange for using the machine, there is no harm in it, because it is like a wage.
As for the issue of currency exchange, where one puts in, for example, Saudi riyals and takes out a British pound, this is not permissible, because in monetary transactions, the exchange must be hand-to-hand.
Yes, if we suppose that this machine contains Saudi riyals and a British pound, and one inserts the card, then we say that it is permissible, because it will be hand-to-hand. Yes.