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Fatawa
Fatawa of Permanent Committee
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Taking commission for currency exchange
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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Saving dollars feari...
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Exchanging the local...
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Buying currencies according to what is called a right of choice contract
Payment of the price
Selling dollars for riyals in installments and over varying periods of time
Payment of the price
Money exchange
Payment of the price
Taking the money owner's permission before lending it
Payment of the price
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Exchanging money hand to hand
Payment of the price
Buying and selling currencies
Payment of the price
Using checks to obtain international currencies
Payment of the price
Buying coin riyals for paper riyals with increase
Payment of the price