Is it permissible to transfer money between countries via banks for a commission or a fixed percentage (sometimes reaching 20%) deducted from the transferred amount, knowing that this percentage is imposed by the bank and is not an agreement between the two parties, and does this fall under usury (riba)?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
If a person transfers money in their country's currency to a bank account in another country, and the account holder delivers the amount in cash to whomever the money's owner designates, and the account holder stipulates a known percentage for this service, then this transaction is permissible and free of usury, as long as the account holder takes a fee for delivering the money in cash.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/194468
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 194468
- 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