Is it permissible to sell dollars to a friend at their real price — not the one announced by banks — in order to avoid the loss incurred by exchanging them through the bank?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
There is no harm in selling dollars at the agreed-upon price, provided there is immediate possession, based on the Prophet's (peace be upon him) saying: "If these types differ, then sell however you wish, if it is hand to hand." It is not necessary to sell dollars to the bank at a loss.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/192661
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 192661
- 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