What is the correct and cautionary method for converting money from the currency of the original country to the dollar and then to the currency of the country of residence, and is it permissible to convert through the bank, knowing that the money is received in cash through a third party?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
The correct method for converting money from one currency to another requires immediate exchange (qabḍ) without delay. This exchange can be physical (ḥissī) or constructive (ḥukmī). If this condition is met, there is no objection.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/177871
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- Ftawy
- Original fatwa ID
- 177871
- 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