Back to search
The question

Is it permissible to transfer money from a non-Muslim country via interest-based banks, especially in two cases: the first involving receiving the amount in dollars, and the second involving receiving it in local currency after converting it to a bank account?

Share this answer

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

There is no harm in the issue of transferring money through banks or exchange offices and paying a fee for the service. For those who find no other means but usurious banks for this purpose, there is no harm in dealing with them for transferring and safeguarding their money, provided they limit it to what is necessary, because Muslims in the West often find no other alternative.

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
152844
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