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What is the ruling on money which is transferred from one currency to another? For example, I am paid in Saudi riyals, and I transfer it to Sudanese riyals. One Saudi riyal is equal to three Sudanese riyals. Is this riba?
Praise be to
Allaah.
It is permissible to change notes of one currency into
notes of another currency, even if there is a difference in value, because
they are of different types, such as the examples mentioned in the question.
But this is subject to the condition that the exchange be completed
in one sitting. Checks and money orders are counted as exchanges done
in one sitting.
And Allaah is the Source of strength. May Allaah bless
our Prophet Muhammad and grant him peace.
