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?
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.
Summarized from the full answer at Ftawy · reviewed Sep 2, 2026
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