Darul Ifta Ibn Masood

Service Fee For EFT

· 9 Safar 1447 AH1 min readEnglish

Question

A person has cash and requires someone to do an EFT on his behalf. Is it permissible to charge the person a 3%-5% service fee for administering the EFT or will it be regarded as interest?

Answer

Yes, this is permissible as the charge is in exchange for a service rendered which is permissible in Shari’ah.

References (Arabic / Urdu sources)

وفي اصطلاح الفقهاء بمعنى بيع المنفعة المعلومة في مقابلة عوض معلوم (شرح المحلة 2/478)

Re: Fatawa Uthmaniyah Vol. 8 Pg. 45

Answered by
Mufti Abdul Kader Fazlani
Checked & approved by
Mufti Yacoob Vally Saheb
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Source: Darul Ifta Ibn Masood — https://fataawa.co.za/service-fee-for-eft/
Fatawa SA: https://fatawa.co.za/fatwa/ibnmasood-39286

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