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Preferential Currency Exchange Rates With Mercantile Banks
To what extent is it lawful for the Islamic bank to deal in a preferential manner in regard to the rates of currencies with mercantile banks considering that exchange transactions are completed either by means of cash or through immediate receipt through entries in debit and credit ledgers?
Preferential treatment between banks is a good practice however it should be ensured that the possession for the currency is taken in a setting in which the deal is transacted such that neither of the parties leaves until actual or abstract receipt is accomplished.

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