What is the ruling on taking a transfer fee in exchange for giving a sum of money here and informing that its equivalent has been transferred to another country?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
This transaction is permissible provided that actual possession occurs in the exchange. If actual possession does not occur with deferment, then it is not permissible.
Actual possession can be nominal (or constructive) via telephone, where a person abroad receives money from their associate and, at the same time, contacts their agent in the other country to give the amount in the other currency to their relative.
If the transaction adheres to these conditions, then charging a fee for the transfer is permissible.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/169065
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 169065
- 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