Is it considered usury if a family sends money to India by depositing it into the account of a man who contacts a colleague of his there to bring the money in rupees?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
Currency exchange falls under the category of "Sarf" (currency exchange), and for it to be valid, immediate mutual possession between the transacting parties or their representatives is required. If it is possible for your family to receive the amount immediately upon its handover, then this is Islamically obligatory. However, if it is not possible, and no other method is feasible, then this method is permissible due to necessity, which is to be estimated according to its true extent.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/33370
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 33370
- Added here
- . This is when the answer was added to El Fatwa, not the fatwa's date.
- Text
- Summary from Ftawy's records, reviewed by El Fatwa's sharia committee.
- Read the full ruling
- Read the full answer on Ftawy