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?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
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 Ftawyhttps://ftawy.com/en/questions/72744
Where this answer came from
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- 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