Category: Financial Transactions
Fatwa#: 1273
Asked Country: Other Country/Island

Answered Date: Oct 19,2000

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

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.

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