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ftaa Kurdistan prohibits cash transfer via bank cards outside the country
Kurdistan breaking Kurdistan fatwa cash transfers
2023-07-09 11:31
Shafaq News/ On Sunday, the Supreme Council for Fatwa in the Kurdistan Region issued a clarification about bank cards and cash transfers with the aim of profiting.
In a statement received by Shafaq News agency, the council said,
"Making bank cards in the name of citizens, transferring money on them, withdrawing them outside the country, and bringing them back into the local markets is a prohibited and illegal process."
The council attributed the reason for its fatwa, according to the statement, to the prohibition of deceiving banking procedures, the law, and government instructions, stressing that
"Muslims must abide by the instructions and conditions set for the transfer of the Iraqi dinar with the US dollar."
In the fatwa, the council inferred a hadith of the Prophet of Islam, Muhammad:
“Muslims are bound by their conditions, except for a condition that forbids what is lawful, or makes lawful what is forbidden.” And
after the Central Bank’s decision to fix the exchange rate of the Iraqi dinar against the US dollar, and not to decrease it in the local markets,
https://shafaq.com/ar/كوردســتانيات/فتا-كوردستان-يحر-م-الحوالة-النقدية-عبر-البطاقات-البنكية-خارج-البلاد
Kurdistan breaking Kurdistan fatwa cash transfers
2023-07-09 11:31
Shafaq News/ On Sunday, the Supreme Council for Fatwa in the Kurdistan Region issued a clarification about bank cards and cash transfers with the aim of profiting.
In a statement received by Shafaq News agency, the council said,
"Making bank cards in the name of citizens, transferring money on them, withdrawing them outside the country, and bringing them back into the local markets is a prohibited and illegal process."
The council attributed the reason for its fatwa, according to the statement, to the prohibition of deceiving banking procedures, the law, and government instructions, stressing that
"Muslims must abide by the instructions and conditions set for the transfer of the Iraqi dinar with the US dollar."
In the fatwa, the council inferred a hadith of the Prophet of Islam, Muhammad:
“Muslims are bound by their conditions, except for a condition that forbids what is lawful, or makes lawful what is forbidden.” And
after the Central Bank’s decision to fix the exchange rate of the Iraqi dinar against the US dollar, and not to decrease it in the local markets,
many Iraqis resorted to buying bank cards and
transferring amounts of Iraqi dinars on them and
transferring them to another account outside the country (the UAE and Turkey often) so that
a second person could buy the dollar from abroad. At the official rate of the Central Bank and
re-transferring it to the first account, with the aim of
profiting from the discrepancy between the official rate and the price in the local markets
https://shafaq.com/ar/كوردســتانيات/فتا-كوردستان-يحر-م-الحوالة-النقدية-عبر-البطاقات-البنكية-خارج-البلاد
