AskImamDarul Iftaa Mahmudiyyah (AskImam)

I would like to know if the paper money we used as currency is considered to be riba?

Fatwa 1273English
Finance and Commerce

Question

I hear from certain group saying that the paper money is riba but we are not in sin because we are forced to use it. Is it true? If true how do we avoid it? We could not used dirhams or dinars anymore and have no alternative.

Answer

Assalaamu Alaykum Wa Rahmatullaahi Wa Barakaatuhu

Currency notes is not Riba.

The ideology promoted by the Murabbitun is incorrect.

and Allah Ta'ala Knows Best

Mufti Ebrahim Desai
FATWA DEPT.

Answered by
Mufti Ebrahim Desai
View original Ask AskImam directly

Fatawa SA is an independent, read-only index of fatawa already published by Darul Iftaa Mahmudiyyah (AskImam). It is not a fatwa service. For your own situation, ask the issuing Darul Ifta directly.