Taking commission for currency exchange


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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.


5005 Saving dollars feari...
5003 Exchanging the local...


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

Payment of the price
Saving dollars fearing other currencies might be affected by the riyal's decreasing value

Payment of the price
Repaying a debt in another currency

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

Payment of the price
Exchanging the local currency for a foreign one

Payment of the price

Money exchange and payment

Payment of the price

Currency trade

Payment of the price

Deferred currency trade

Payment of the price