Is it permissible to pay 150 dinars as commission for transferring 15,000 US dollars from Tripoli to Dubai?
A bank transfer is an order issued by one bank to another to pay a specific amount to a named person. It is often accompanied by the exchange of money from one currency to another. It is not a loan from the customer to the bank, nor is it a hawalah (transfer of debt) in the jurisprudential sense. Rather, it is an authorization for the bank to transfer money. The commission paid to the bank for this service is permissible because it is compensation for its agency in transferring the funds, and not in exchange for a hawalah or a loan. This commission is permissible whether it is a percentage of the transferred amount or a fixed fee. Transfers made in the same currency are Sharia-compliant, whether without charge or with a charge within the limits of the actual fee. In the case of a charge, it is a compensated agency, and the executors are guarantors of the amounts.
Summarized from the full answer at Ftawy · reviewed Sep 2, 2026
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