Taking commission for currency exchange

Q 3: Is it permissible to take commission for currency exchange?


A: Yes, it is permissible. (Part No. 13; Page No. 455)  May Allah grant us success. May peace and blessings be upon our Prophet Muhammad, his family, and Companions.

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Selling dollars for riyals in installments and over varying periods of time

Payment of the price
Money exchange and payment

Payment of the price
Taking the money owner's permission before lending it

Payment of the price
Buying and selling currencies

Payment of the price
Buying a currency in full

Payment of the price

Repaying a debt in the same currency no matter whether its value increases or decreases

Payment of the price

Leaving each other before delivering the exchanged amount in full

Payment of the price

Buying a commodity with a currency and receiving the change in another currency

Payment of the price