ANSWER:

Transfer through the bank is done by making the exchange and then authorizing them to do the transfer.

If the other company is legal and does the same and transfers the money without any delay, this is permissible. 

Is it permissible for me to send € from my bankaccount in Austria to my bankaccount in S. Arabia and receiving SAR via a company that provides transactions much cheaper than from bank to bank. Example: With a 100 € transaction I receive 418,79 SAR. If I do it from bank to bank directly I´ll have to pay ~127 € to get the same amount.Therefore the banks charge a lot. Does it have to be hand in hand?

Halal/Haram Matters |