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?
06Feb
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?