Taking commission for currency exchange


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Q 3: Is it permissible to take commission for currency exchange?


A: Yes, it is permissible. (Part No. 13; Page No. 455)  May Allah grant us success. May peace and blessings be upon our Prophet Muhammad, his family, and Companions.


5005 Saving dollars feari...
5003 Exchanging the local...


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The Day of Resurrection (Tafseer Surah an-Nabaa)

Saving dollars fearing other currencies might be affected by the riyal's decreasing value

Payment of the price
Selling dollars for riyals in installments and over varying periods of time

Payment of the price
Buying coin riyals for paper riyals with increase

Payment of the price
Exchanging money hand to hand

Payment of the price
Banks selling the travelers check

Payment of the price

Repaying a debt in another currency

Payment of the price

Banks trading in currencies

Payment of the price

Paying with checks instead of money

Payment of the price