Paying with checks instead of money
Q 1: I want to convert Saudi Riyals to Egyptian pounds and transfer them to Egypt. The bank receives the Riyals and gives me a receipt. In Egypt I will receive the Egyptian money. It is worth mentioning that I did only receive documents and perhaps there was no Egyptian money in the safe, (Part No. 13; Page No. 452) is this permissible?
A: There is no harm as receiving a check takes the place of receiving the Egyptian money. This is similar to a bank money order. However, it is better if you receive the exchanged money than transferring it.
Banks selling the tr...
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