Back to search
The question

Is it permissible to give the banker an uncertified check or a promissory note in exchange for transferring currency outside the country without an increase in price and with the consent of both parties?

Share this answer

Source: FtawySummary from Ftawy's records · added here Sep 2, 20261 min readAlso available in العربية
The answer

Currency exchange is considered a currency transaction (sarf), and a condition for sarf is mutual possession (taqabud) or what takes its place at the contracting session, such as a certified check. As for an uncertified check or a trust receipt, they do not take the place of possession, and therefore, it is not permissible to conduct currency exchange with them, even if both parties agree.

Summary from Ftawy's records · added here

Reviewed by El Fatwa's sharia committee.

Read the full answer on Ftawy
Where this answer came from
Source platform
Ftawy
Original fatwa ID
72744
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