Is it permissible to exchange dollars designated for Zakat for local currency at a higher rate for the same exchanger?
Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 2026
The correct method is for you to exchange the dollars for Egyptian pounds on behalf of your nephew, acting as his agent. As for exchanging them for yourself, the majority of jurists do not validate it. It is only valid according to the Hanbalis, provided your principal authorizes you to exchange it for yourself.
Summarized from the full answer at Ftawy · imported
Read the full answer on Ftawyhttps://ftawy.com/en/questions/189302
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- 189302
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