Is it permissible for a manager to issue a check to a money changer in local currency for an amount in dollars at the market rate, after banks have closed, given that there is sufficient balance and trust between the two parties, especially since banks charge a commission for certifying checks?

Linguistically, qabd (possession/seizing) is taking something with the hand. Technically, it is the acquisition and control of something, whether it can be taken by hand or not. It is either real (haqiqi), the modality of which varies with the object possessed, or constructive (hukmi), which takes the place of real possession and entails its rulings. Scholars have considered receiving a negotiable check as constructive possession, as well as the bank credit of a sum of money to a client's account. Receiving a check or a remittance slip has the ruling of possession in the session.