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The question

What is the ruling on giving a sum in dollars to a merchant so that his agent may transfer it in dollars to another agent in another country, given that the transfer is not immediate and the merchant's fee is a percentage of the amount?

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

If a merchant takes a sum of money from a sender and then gives another sum to the sender's agent in another country, this is considered an exchange (mu'awadah) and a currency exchange (sarf), and it requires immediate possession (taqabud) and equality (tamathul). If immediate possession does not occur, meaning the sum is delivered at a later time, then it falls into Riba al-Nasi'ah (interest due to delay). If a smaller sum is delivered after deducting his commission, then the condition of equality is violated, and it falls into Riba al-Fadl (interest due to excess). Therefore, this form of transaction is not permissible.

Summary from Ftawy's records · added here

Reviewed by El Fatwa's sharia committee.

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Where this answer came from
Source platform
Ftawy
Original fatwa ID
172126
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.
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Read the full answer on Ftawy