What is the ruling on exchanging two different currencies such that one party delivers an amount in a certain currency in one country, and the other party delivers its equivalent in the other currency in a second country to the family of the first deliverer? And is it permissible to settle a debt in local currency to the creditor’s family if the debt was in foreign currency and the conversion rate was agreed upon at the time of the debt?
Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 2026
Selling currencies for each other (exchange) must be hand-to-hand without delay, as stated in the : "If it is hand to hand, there is no harm; but if it is deferred, it is not permissible," meaning any delay. Some scholars have permitted delay if there is an urgent necessity. Therefore, if I receive dollars from you, their equivalent must be delivered directly to your family.
Summarized from the full answer at Ftawy · imported
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