Back to search
The question

Is it permissible to take the exchange rate difference when converting clients' dollars, knowing that a better rate than the market rate can be obtained?

Share this answer

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

The agent is not allowed to take the exchange rate difference for himself unless he has the principal's permission. The increase belongs to the principal, not to the agent. The author of "Al-Kafaf" said: "And if it increases, the increase is for the principal, not for his agent who did not act justly." However, there is no harm for the agent to take the difference if the principal permits him, even if that is his wage. Ibn Abbas said: "There is no harm in saying, 'Sell this garment, and whatever exceeds such and such is yours.'"

Summary from Ftawy's records · added here

Reviewed by El Fatwa's sharia committee.

Read the full answer on Ftawy
Where this answer came from
Source platform
Ftawy
Original fatwa ID
121156
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