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Is it permissible to pay a sum of 1000 US dollars in Libyan dinars according to the exchange rate on the day of transfer, or must it be paid in dollars?

1 min readAlso available in العربية

Transferring money via Western Union is considered an authorization for it to deliver the amount. If the transfer is in the same currency, it is a pure agency. If it is in a different currency, it is a currency exchange and an agency, and possession must be realized in it, even if it is constructive. As for a prior agreement to exchange different currencies, it is not permissible because it constitutes a deferred exchange. However, it is permissible at the time of payment at the rate of the payment day, with mutual possession.

Summarized from the full answer at Ftawy · reviewed Sep 2, 2026

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