QUESTION: I went to the bank to change my money in notes to coins to be used for sadaqah, or personal spending. For example, I would like to change $50 notes to $50 in fifty cent coins. However, the bank is charging additional fee for this. Is this consider riba? | Sheikh Assim Al Hakeem
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  5. QUESTION: I went to the bank to change my money in notes to coins to be used for sadaqah, or personal spending. For example, I would like to change $50 notes to $50 in fifty cent coins. However, the bank is charging additional fee for this. Is this consider riba?
QUESTION: I went to the bank to change my money in notes to coins to be used for sadaqah, or personal spending. For example, I would like to change $50 notes to $50 in fifty cent coins. However, the bank is charging additional fee for this. Is this consider riba?

QUESTION: I went to the bank to change my money in notes to coins to be used for sadaqah, or personal spending. For example, I would like to change $50 notes to $50 in fifty cent coins. However, the bank is charging additional fee for this. Is this consider riba?

06 Feb

ANSWER:

Yes, this is riba and it’s not permissible at all. 

QUESTION: I went to the bank to change my money in notes to coins to be used for sadaqah, or personal spending. For example, I would like to change $50 notes to $50 in fifty cent coins. However, the bank is charging additional fee for this. Is this consider riba?

Riba | February 6, 2023 1:21 am
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QUESTION: Is it permissible to exchange coins to paper money from the same currency and pay the bank 7 Euros as an exchange fee or use a machine that does the same thing but takes 10% from the coins as an exchange fee.

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QUESTION: My sisters husband is a bank principal officer earning handsome salary from a haram commercial bank. He is going to buy a flat in city by 0% interest rate which will be given him from his bank. The amount will be cut from his monthly salary as installment. Now will it be halal or permissible for my sister and her child’s to live in that flat?

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