Is money transfer business halal?

QUESTION:

Would having a money transfer business where you predominantly provide payment services such as transfer funds abroad, provide pre-paid cards to use or E-Money, be considered halal?

 

ANSWER:

In the name of Allah, Most Compassionate, Most Merciful

 

As long as there are no shar’ī impermissible elements in the services you provide, such a business would be fine.

 

It would be advisable to ask a Shariah scholar to audit your business and review the services you provide.

 

And Allah, the Almighty, knows best


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Tayyib HMC FInder

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