What is the ruling on dealing with a bank out of necessity, such as when one wants to send money to someone living in America and wants to convert that money into dollars?
Machine translationRead the Arabic original
The questioner : Okay, and what is the ruling on dealing with a bank out of necessity?
The Shaykh : There is no necessity that permits dealing with a bank.
The questioner : For example, I want to send money to a person living in America, for example, and I want to convert the money into dollars at the bank.
The Shaykh : Send the money by a means other than the bank if it is possible, meaning, for example, if you have a merchant here and a merchant in America.
The questioner : Yes.
The Shaykh : Do not deal in currency or deal with the bank for this transfer.
The questioner : Yes.
The Shaykh : This is less sinful than transferring via the bank, but if there is no such non-bank means available, it is permissible as I said, out of necessity.
The questioner : Yes.
The Shaykh : There is no necessity that permits dealing with a bank.
The questioner : For example, I want to send money to a person living in America, for example, and I want to convert the money into dollars at the bank.
The Shaykh : Send the money by a means other than the bank if it is possible, meaning, for example, if you have a merchant here and a merchant in America.
The questioner : Yes.
The Shaykh : Do not deal in currency or deal with the bank for this transfer.
The questioner : Yes.
The Shaykh : This is less sinful than transferring via the bank, but if there is no such non-bank means available, it is permissible as I said, out of necessity.
The questioner : Yes.
Source
www.al-albany.com
The Arabic text is copied verbatim from the original source, without any edits.