What is the ruling on working in money transfers and the legitimate ways to take a fee, and is it permissible to take a percentage of the transferred amount?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
There is no harm in working in the field of financial transfers if it adheres to the regulations, the most important of which is simultaneous exchange (al-taqabud) in currency exchange; otherwise, it is not permissible. It is permissible to take a fee for the transfer, whether it is a fixed amount or a certain percentage of the transferred amount, provided that the transferred amount is known to avoid ambiguity in the fee.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/55356
Where this answer came from
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- Ftawy
- Original fatwa ID
- 55356
- 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