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The question

Is it impermissible for a transaction conducted online to pay for goods priced in US dollars with British Pounds, where the currency conversion is automatically handled by the bank 1-3 days after the initial transaction based on the exchange rate on the settlement day?

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Source: FtawySummary from Ftawy's records · added here Sep 2, 20261 min readAlso available in العربية
The answer

There is no harm in purchasing a specific item available with the seller online, even if the payment is delayed in reaching them, as long as the item is not gold, silver, or currency, for which immediate on-the-spot exchange is a condition. However, if the item is not specific but rather described by its characteristics (dhimma), then the price must be paid at the time of the contract according to the majority of jurists. The Malikis, on the other hand, permit delaying it for two or three days.

Summary from Ftawy's records · added here

Reviewed by El Fatwa's sharia committee.

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Where this answer came from
Source platform
Ftawy
Original fatwa ID
16042
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.
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Read the full answer on Ftawy